Idaho Code §§ 67-6205, 6207 to 6207D, 6209 § 67-6207A
ADDITIONAL POWERS.
Operative Text
In addition to all other powers, the association also shall have the following specific powers: (a) To make and publish rules respecting making mortgage loans pursuant to this act, the regulations of borrowers, housing sponsors, mortgage lenders, and the construction of ancillary commercial facilities. (b) To make rules respecting the qualifications for admission to housing projects pursuant to this chapter. (c) To invest in, purchase, sell, or to make commitments to purchase, and take assignments from lenders, of notes and mortgages or other obligations evidencing loans for housing projects, loans for nonprofit facilities, loans for economic development projects or loans for agricultural facilities, at public or private sale, with or without public bidding. (d) To make loans to mortgage lenders under terms and conditions requiring the proceeds thereof to be used by such mortgage lenders for the making of new mortgage loans for housing projects. (e) To enter into mortgage insurance agreements with mortgage lenders in connection with the lending of money by such institutions for housing projects. (f) Subject to any agreement with bondholders or noteholders, to collect, enforce the collection of, and foreclose on any collateral securing its loans to mortgage lenders and acquire or take possession of such collateral and sell the same at public or private sale, with or without public bidding, and otherwise deal with such collateral as may be necessary to protect the interest of the association therein.
Idaho Code § 67-6207A grants the Idaho Housing and Finance Association (IHFA) a set of enumerated additional powers beyond its general authority. These powers include issuing rules for mortgage lending and borrower qualifications, buying and selling mortgage notes, making loans to lenders for housing projects, entering into mortgage insurance agreements, and enforcing or foreclosing on collateral when necessary. The provision essentially defines the operational toolkit the IHFA may use to support housing finance across the state.
Plain English — not legal advice.
Property owners and housing sponsors working with IHFA-backed financing should be aware that under § 67-6207A, the association has broad authority to set rules governing borrower conduct, construction of ancillary commercial facilities, and the terms of mortgage loans. Compliant operators typically ensure their loan agreements, project qualifications, and construction plans align with any rules the IHFA publishes under this authority. Staying current with IHFA-issued guidelines helps operators avoid conflicts with the association's enforcement and collateral-recovery powers.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Tenants living in housing projects financed through IHFA should know that § 67-6207A authorizes the association to establish rules governing admission qualifications for those projects. This means the eligibility criteria for IHFA-supported housing are shaped by rules the association itself may publish and update. Tenants who believe admission or occupancy rules have been applied improperly can seek information directly from the IHFA or consult a tenant-rights organization familiar with Idaho housing finance law.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated October 22, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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