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LEAP Housing Trust and LEAP Loan Fund (Affordable Homeownership)

LEAP Housing (LEAP Charities) · Boise, Idaho

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Repayment

Shared appreciation

Settled on the terms set by LEAP Housing (LEAP Charities)

What is LEAP Housing Trust and LEAP Loan Fund (Affordable Homeownership)?

LEAP Housing Trust and LEAP Loan Fund (Affordable Homeownership) is a shared-appreciation loan for homebuyers in Boise, Idaho, administered by LEAP Housing (LEAP Charities).

  • LEAP Housing is a statewide Idaho nonprofit that creates affordable homeownership through a community land trust (the LEAP Housing Trust) combined with below-market-rate financing from the LEAP Loan Fund. LEAP holds the land in trust (99+ year lease) while the homeowner owns the house. Buyers have received 0% interest down payment assistance loans through the LEAP Loan Fund, and some qualified for a 3% mortgage. LEAP is a designated referral partner for the City of Boise HOP.
  • 0% interest down payment assistance loans through the LEAP Loan Fund; below-market (e.g., 3%) first-mortgage financing for some buyers; permanently affordable homeownership via a community land trust with a 99+ year land lease.
  • Funding comes from Philanthropic and institutional contributions, Federal Home Loan Bank of Des Moines, foundations, and LEAP Loan Fund investors.

Do you have to pay it back?

LEAP Housing Trust and LEAP Loan Fund (Affordable Homeownership) is a shared-appreciation loan and is repaid under the terms set by LEAP Housing (LEAP Charities).

  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

LEAP Housing Trust and LEAP Loan Fund (Affordable Homeownership) is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • Homeownership is through LEAP's community land trust model: the homeowner owns the house but leases the land (99+ years), and resale is restricted to preserve affordability. Assistance is tied to purchasing a LEAP Housing Trust home; availability limited to LEAP communities and funded inventory. Specific income limits and per-buyer assistance amounts are not published and vary by community and home.

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What kind of home can it be used for?

LEAP Housing Trust and LEAP Loan Fund (Affordable Homeownership) can be used for Single Family.

  • New construction is eligible.

Where does it apply?

LEAP Housing Trust and LEAP Loan Fund (Affordable Homeownership) serves buyers purchasing in Boise, Idaho.

  • Targeted neighborhoods: LEAP Housing Trust communities in Boise, Mountain Home, and Priest River.

How do you apply?

Applications for LEAP Housing Trust and LEAP Loan Fund (Affordable Homeownership) go through LEAP Housing (LEAP Charities), which publishes the current terms and the application steps on its own site.

  1. Contact LEAP Housing (LEAP Charities) to reserve funds

    Funds are reserved with the provider and are subject to availability.

  2. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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