The Village at River View Ridge

Homeownership | 6 homes | priest river, id

Workforce housing in priest river is now a reality

Kaniksu Land Trust (KLT), LEAP Housing and Bonner Community Housing Agency (BCHA) have 6 homes for sale using the community land trust (CLT) model. Thanks to the partnerships forged in this development, the 6 homes will be $270,000 - an unprecedented purchase price in this area!

Only BONNER COUNTY Can Buy

The reason for the novel approach is to provide stability to the local workforce. The housing industry often refers to this kind of housing as “workforce housing”. After applications are received, each applicant will be entered into a lottery system. Qualified applicants will be entered at least once, and their entry will be weighted based on the number of years they have resided in Bonner County. Other conditions apply as applicants:

  • Must work in Bonner County.

  • Must be 18 years or older and a U.S. Citizen (with some exceptions).

Information for prospective homebuyers

  • You must occupy the home as your primary residence.

  • You own the home and lease the land, which is held in trust for the community.

  • You can’t own other housing.

  • When you sell your home, you keep a percentage of equity

Information for Lenders and their clients

To be a Qualified Applicant, a lender must complete the Lender Verification Form. Lenders may view Official Selection Criteria. Contact Chrystle@bonnerhousing.org with questions.

More about the homes

The housing development, an infill project transforms a six-parcel plot into attainable housing for local families within an existing neighborhood. The 1,545-square-foot homes feature three bedrooms and two bathrooms, offering essential housing options for working households in the area. The housing is located in an existing subdivision called The Village at River View off of Potlatch Loop. The homes have the same floorplans as existing homes with same or better finishes. DAUM Construction is the builder.  Because the homes will be held in a community land trust (CLT), affordability is preserved for at least 99 years. LEAP is the largest provider of CLT homes in Idaho, but the CLT model has been used nationally since 1969. 

 

More about the unique partnership

LEAP Housing is a nonprofit organization dedicated to creating affordable housing solutions in Idaho. LEAP Housing works to empower communities and provide sustainable, affordable housing options for low- and moderate-income households. LEAP was named ‘Most Talented Nonprofit’ in 2023 by the Idaho Nonprofit Center.

Kaniksu Land Trust (KLT) is a nonprofit organization dedicated to conserving natural landscapes, waterways, and open spaces across North Idaho and Northwest Montana. Through strategic land conservation, community education, and stewardship programs, Kaniksu Land Trust works to protect the region’s natural heritage for future generations. The organization partners with landowners, local communities, and conservation groups to ensure that vital ecosystems, wildlife habitats, and recreational spaces are preserved.

Bonner Community Housing Agency (BCHA) is a nonprofit organization dedicated to addressing the affordable housing needs of Bonner County, Idaho. BCHA works to create and preserve housing options that are affordable, sustainable, and supportive of the local community. Through partnerships, advocacy, and development initiatives, BCHA strives to provide safe, quality housing for individuals and families, ensuring that all residents have the opportunity to thrive.