Before & After

BEFORE

AFTER

BEFORE

AFTER

Frequently Asked Questions

Is my donation to ARCH Community Housing Trust tax deductible?

Yes, ARCH Community Housing Trust is a 501c3 charitable organization.

Housing prices have dropped, why do we need affordable housing?

Housing prices are lower but still not affordable. The average home price in the north valley is still over 1.5 million dollars. In the south valley it is over $260,000. The national average is $178,000.

What is the difference between ARCH and BCHA?

ARCH Community Housing Trust is a private charitable organization working to develope affordable housing. We are a community land trust (see www.cltnetwork.org) and a designated Community Housing Development Organization as defined by Idaho Housing Finance Association ( see www.ifha.org) we work closely with BCHA who administer the list of applicants seeking affordable housing.

What are deed restrictions — how do they work?

Deed restrictions, are designed to retain the community investment in the property. This ensures an on-going stock of workforce housing regardless of what the real estate market does. It is a way to protect and retain funds used to provide homes for many generations to come.

The deed restricted (or covenant bound) house is owned outright by the applicant that is pre-qualified by the Housing Authority as eligible to receive the benefit of this “below market rate” home. They typically have a conventional home loan sometimes enhanced by a second loan for down payment assistance. Once the applicant is in their home they are identical to any home owner and their obligations such as insurance, loans and taxes and maintenance are no different to market rate owners.
When the Deed Restricted home owner wants to sell their home they are required to sell it to another approved applicant from the BCHA waiting list. The appreciation they realize on their home is capped. The price they receive is the original price along with a maximum of 4% per year (or the Consumer Price Index – whichever is lower) annual appreciation compounded. This keeps the home affordable for the next buyer, but still gives a return on equity in the home to the home owner. Other restrictions are also applied to capital improvements the homeowner makes on the property. More information can be found at the Housing Authority website –www.bcoha.org

What is Affordable?

Affordability- as defined by the US Department of Housing and Urban Development (HUD)—is when a household pays no more than 30 percent of it’s gross annual income on housing and utilities.

Why is the problem so acute here?

As a narrow mountain Valley, the amount of land available to develop is limited. We also have the values of preserving open space and rural character while trying to accommodate our inevitable growth. As in most ski resort areas we are surrounded by National Forest and BLM land which is unavailable for development and makes the area particularly attractive to part-time home-owners and tourists. Speculative real estate development is also a defining feature of our communities as well as those throughout Utah, Colorado, Wyoming and California where skiing and mountain recreation are central to the economy.