The agency & primary document
- Allocating agency
- Idaho Housing and Finance Association (IHFA)
- QAP / guidelines
- https://www.idahohousing.com/partners/project-financing/developers/low-income-housing-tax-credits/
- Governing document
- 2026 QAP Exhibit H-1 — Market Study Requirements (~31 bullets) + Exhibit H-2 — Market Study Information Sheet
- Methodology
- Agency-specific standalone methodology
Required market study sections
Idaho uses its own standalone market study methodology rather than the NCHMA Model Content Standards. Agency-specific methodology — IHFA publishes its own requirements in Exhibits H-1 and H-2.
Key Idaho rules
- Staleness window
- Update allowed up to 6 months after original study date; cannot extend beyond 12 months from original
- Absorption / occupancy
- 93% stabilized occupancy threshold for acq/rehab
Idaho-specific overlays
- Range conclusions disfavored — IHFA uses the low end of any range provided
- Definitive conclusion on new unit market demand required — equivocal conclusions fail threshold
- Commercial space evaluation required for mixed-use projects
- Senior/elderly projects require targeted feasibility analysis
Required companion documents
- Statement of competence (education and experience of primary author, statement of non-interest) in report body
- Exhibit H-2 Mandatory Information Sheet (analyst-completed tabular form)
Things analysts miss in Idaho
- Provide specific comparable rents, not ranges — IHFA uses the low end of any range, which penalizes range-based conclusions
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Start a free Idaho report →Frequently asked questions
Who reviews LIHTC market studies in Idaho?
Idaho Housing and Finance Association (IHFA) sets the market study requirements and reviews submissions for Idaho Low-Income Housing Tax Credit applications.
How current must a Idaho LIHTC market study be?
Update allowed up to 6 months after original study date; cannot extend beyond 12 months from original
Does Idaho follow NCHMA standards?
Agency-specific methodology — IHFA publishes its own requirements in Exhibits H-1 and H-2.
What absorption/occupancy does Idaho expect?
93% stabilized occupancy threshold for acq/rehab
Other states
This summary is for general reference and reflects Idaho Housing and Finance Association (IHFA)'s published guidance as understood by StudyScribe; it is not legal or compliance advice. Always confirm requirements against the current QAP / market study guidelines before submission.