- 36 new apartments complete The
Springs, a 72-unit community bringing additional affordable housing
to the region
- Investment partners include Optum
Idaho, which invested $5.5 million of the $7.2 million to build the
new development; land donated by Valley County
- Optum employees donate “welcome
baskets” with household supplies and other home items to
residents
Community leaders, investment partners and new residents
celebrated the completion of The Springs II, the second phase of an
apartment community in McCall that brings an additional 36 homes to
the region, helping address a need for more affordable housing.
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Community leaders, investment partners
and new residents celebrated the completion of The Springs II in
McCall, bringing 36 new homes to the region, helping address a need
for more affordable housing (Photo: Joshua Roper).
Developed by The Housing Company and Idaho Housing Finance
Association (IHFA), the Springs II integrates three additional
2-story garden apartment buildings with a mix of studio, one-, two-
and three-bedroom apartments into the now 72-unit apartment
community.
Optum Idaho was the largest investor in The Springs II,
providing $5.5 million of the $7.2 million development through a
partnership with Enterprise Community Investment. The land for the
project was donated by Valley County. Additional funding partners
include IHFA, and the U.S. Department of Agriculture Rural
Development through Bonneville Multifamily Capital. Optum Bank
provided the equity financing for the project.
According to IHFA, the cost of reasonably priced housing in
Valley County has continued to rise, making it increasingly
difficult for employers to find and retain a sustainable workforce
in the region. Since McCall relies heavily on a seasonal
workforce, Valley County Commissioners, the city of McCall and
IHFA, along with its partners, worked to create affordable-housing
options with the goal of providing quality housing within
walking distance to jobs, services and schools.
“Today’s celebration is the culmination of many years of hard
work and planning,” said Douglas Peterson, director, The Housing
Company. “We are extremely grateful for the support we have
received from so many partners whose passion helped create this
beautiful, high-quality affordable-housing community that benefits
individuals and families, and serves as a stabilizing presence in
Idaho.”
The Springs II features a central courtyard with a gazebo,
built-in barbeques, picnic tables, a half-sized basketball court
and 54 parking spaces. An onsite municipal bus stop and bike path
were added to connect the community to jobs, services and schools
in McCall. Residents have access to a playground, community room,
club house and an onsite laundry facility, which were built as part
of the first phase of the project in 2011.
More than 100 people attended the ribbon-cutting ceremony, open
house and community barbeque, including Valley County Commissioner
Bill Willey and McCall Mayor Jackie Aymon, among others.
During the event, Optum Idaho employees presented “welcome
baskets” with household items, cleaning supplies and other
amenities donated by the company to all the residents of The
Springs community. Optum employees helped purchase and assemble the
baskets during a volunteer event at its headquarters in
Meridian.
“Optum Idaho’s investment is part of our company’s initiative to
connect people to housing, health care and other services,” said
Georganne Benjamin, executive director of Optum Idaho, which
employs 75 workers in the state and manages the outpatient benefits
for the Idaho Behavioral Health Plan. “Our employees are thrilled
to welcome the new residents and help celebrate this important
addition to McCall that will provide sustained, affordable housing
for years to come.”
“Enterprise is proud of our partnership with Optum Idaho and
grateful for its support of affordable-housing communities like The
Springs II,” said Charlie Werhane, president and CEO of Enterprise
Community Investment. “At Enterprise, we are committed to ending
housing insecurity within a generation, which means no more
homelessness or families paying more than half of their income on
housing. This new community brings us closer to that goal by
creating quality, affordable housing close to where they work and
live.”
In addition to securing funding for The Springs II, another
critical component was securing the land to develop the site.
Valley County, recognizing the need for more affordable housing,
worked with IHFA and The Housing Company to donate the land at no
cost for the purpose of building additional affordable housing for
workers in McCall.
“Quality, affordable housing for individuals and families who
work in this region is so important,” said Valley County
Commissioner Bill Willey. “The Springs II not only brings that
to McCall but through this innovative public-private partnership,
we have been able to deliver so much more that truly makes a
positive difference in this community, our state and in the lives
of those who will benefit from this beautiful new community.”
About The Housing CompanyThe Housing Company, a part of
Idaho Housing and Finance Association (IHFA), is a non-profit
organization committed to preserving Idaho’s existing affordable
housing stock, facilitating development of new housing in
under-served areas of the state, and providing quality professional
property management for 32 affordable properties located throughout
Idaho.
About EnterpriseEnterprise works with partners nationwide
to build opportunity. We create and advocate for affordable homes
in thriving communities linked to good schools, jobs, transit and
health care. We lend funds, finance development and manage and
build affordable housing, while shaping new strategies, solutions
and policy. Over more than 30 years, Enterprise has created nearly
358,000 homes, invested $23.4 billion and touched millions of
lives. Join us at www.EnterpriseCommunity.com or
www.EnterpriseCommunity.org.
About OptumOptum is a leading information and
technology-enabled health services business dedicated to helping
make the health system work better for everyone. Optum delivers
intelligent, integrated solutions to modernize the health system
and improve overall population health. For more information, visit
www.optum.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160722005857/en/
The Housing CompanyKatrina Thompson,
208-331-4738katrinat@ihfa.orgorOptumJann Marie Stockwell,
208-914-2289jann.stockwell@optum.comorEnterprise Community
PartnersJon Searles,
202-649-3916jsearles@enterprisecommunity.org
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