The Foothills Apartments present a rare opportunity to acquire a well-maintained, 100% LIHTC property in Meridian, Idaho—one of the fastest-growing cities in the U.S. Subject to both LIHTC and HOME regulations, the property benefits from stable occupancy, strong demand for affordable housing, and a desirable location within the Treasure Valley. The Foothills Apartments offer spacious two-, three-, and four-bedroom units with in-unit washer and dryer hookups, private outdoor spaces, and energy-efficient appliances. Community amenities, including a swimming pool, fitness center, playground, and clubhouse, further enhance its appeal to residents. 

Meridian’s rapid population and economic expansion further bolster the property’s long-term investment potential. The city has grown by over 14% since 2020 and saw a 56% population increase between 2010 and 2020, driven by job growth, top-rated schools, and a high quality of life. With a median household income exceeding $98,000 and limited new affordable housing development in the region, The Foothills Apartments provide an attractive, stable investment with strong cash flow in a thriving market. This asset offers a unique opportunity to secure a well-positioned LIHTC property in a high-demand area with long-term growth potential.