Completion of New Affordable-Housing Community Celebrated in McCall

  • 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

MCCALL, Idaho–(BUSINESS WIRE)–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.


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 Company
The 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 Enterprise
Enterprise 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 Optum
Optum 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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Contacts

The Housing Company
Katrina Thompson, 208-331-4738
katrinat@ihfa.org
or
Optum
Jann
Marie Stockwell, 208-914-2289
jann.stockwell@optum.com
or
Enterprise
Community Partners
Jon Searles, 202-649-3916
jsearles@enterprisecommunity.org

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