brand new affordable homes in idaho priced at just $270,000

  • 1,545-square-foot homes

  • 3-bed, 2-bath homes

  • Brand new construction

  • Located in nature, in stunning North Idaho

  • Townhome layout with two parking spots

  • Efficient floor plan with modern finishes

  • All landscaping covered by HOA

Home ownership has
never been more affordable

  • leap housing golden glow towers nampa idaho community garden

    Affordability

    The homes at Priest River are part of a community land trust (CLT), where affordability is preserved for (at least) the next 99 years.

  • leaphousing_goldenglowtowers_nampa_idaho_streetview

    Low monthly payments

    $270,000 homes with up to $50,000 in Downpayment Assistance available for qualified buyers, making homes at Priest River more even more affordable long-term.

  • Low maintenance

    HOA maintains all landscaping. Brand-new construction with modern layouts, built with Energy-efficient materials for long-lasting quality homes.

Apply today

get Up to
$50,000
in housing assistance.

Interested buyers, fill out this form to be approved
and qualify for downpayment assistance. 

fill out form

The brand new homes at Priest River are already priced at a staggeringly affordable purchase price of $270,000. Now, qualified borrowers are able to access up to $50,000 in Downpayment Assistance, further creating access to homeownership for folks who are otherwise priced out of the market. By using DPA, borrowers could expect to reduce monthly payments by around $400/month. Act now, because the DPA is only available for a limited time and only for the 4 LEAP homes in Priest River. 

additional info

What is Downpayment Assistance? 

Downpayment assistance, or DPA, is funding that helps borrowers bridge a financial gap so that they can buy a home. For example, a household may qualify for a loan of $220,000, but the purchase price of the home is $270,000. In this example, there is a $50,000 gap. That gap needs to be covered in order to purchase the home. DPA is the answer. 

What does it mean if there is up to $50,000 in DPA? 

Downpayment assistance can come in various forms. The two most commons forms are as loans and seller credits. The DPA loan is a 0% interest loan for, say, $50,000. There is no interest owed on the loan, but it must be repaid at the time of sale or refinance. DPA can also fund seller credits at closing. For example, a borrower may qualify for $270,000 at a 7% interest rate. For the sake of the example, let's assume that the seller can help the borrower buy down the interest rate from 7% to 5%. In doing so, the borrower's monthly payments are seriously reduced. 

Can I contribute a traditional downpayment if I use a DPA product? 

Sure. There are no rules against how much money you can put toward purchasing a home. By investing more of your own cash, you gain more equity in your home.

housing, affordable for everyone.

Fill out this form to get started today. 

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how do I know if I qualify
for housing assistance?

Workforce housing in priest river is now a reality

Many folks talk about the need to create housing that is obtainable for the households with local wages, but few in Idaho have been able to produce an actual solution. Thanks to the partnership among Kaniksu Land Trust (KLT), LEAP Housing and Bonner Community Housing, Idahoans now have a solution that is repeatable and scalable. 

How local wages drive everything

What if wages drove the purchase price and not the market? That’s how we’re doing it in Priest River. Households at 130% AMI or below are eligible to buy any of the 6 partnership homes in The Village at River View Ridge. You must occupy the home as your primary residence. You can’t own other housing. Your home will have a lasting deed restriction.

Come again … what’s a deed restriction?

A deed restriction is a legal document, for starters. Every home has a deed. The deed restriction for these homes restricts purchases and sales to households who earn 130% Area Median (AMI) Income or below. The number changes every year based on guidance published by HUD. For 2025, a 4-person household would hit the 130% AMI ceiling at $112,510. The table below gives you a broader view of the AMI incomes by household.

To be a Qualified Applicant, a lender must complete the
Lender Verification Form. Contact Chrystle@bonnerhousing.org
with questions and to get income qualified.

Fill out the inquiry form