EDITORIAL: New housing solutions vital for Idaho's growth
Idaho's economic engine has been powered by growth and migration for years, creating prosperity here in the Gem State. Yet as economist Sam Wolkenhauer recently warned, high housing costs and mortgage rates are now threatening to stall that engine.
In 2021, about 50,000 people moved to Idaho. Last year, that number fell by half. With the state needing to fill 110,000 jobs in the coming decade and our organic population growth described as "anemic," the message is clear: Without addressing our housing crisis, Idaho's economic future is at risk.
"Migration from other states is what we're banking on to fill our labor demand," Wolkenhauer stated at a recent economic outlook presentation. But how can we attract these needed workers when housing costs continue to climb? The answer lies in innovative housing solutions that provide attainable options for working families.
Fortunately, several initiatives are already underway. In Post Falls, the Miracle on Britton project broke ground on what will become 28 deed-restricted, shared-equity homes. This community fee simple model has already selected several homebuyers from over 200 applications, with the first group of homes slated for completion this year.
For Garrett and Caitie Kreitz, who have searched for an affordable home since 2019, the project represents a "saving grace." As working professionals, they represent exactly the kind of workforce families Idaho needs to retain.
"It's just a great thing," Garrett said. "I think it's something North Idaho is needing."
Similarly, Habitat for Humanity of North Idaho has embraced new approaches, developing condominium units that offer homeownership at a fraction of market rates. Their newest development features one-bedroom units starting at $900 monthly, with deed restrictions ensuring long-term affordability while still allowing homeowners to build equity.
Meanwhile, the Housing Solutions Partnership has launched an initiative to streamline the creation of accessory dwelling units by providing free, pre-approved plans to the public. These small secondary homes can increase housing density within existing neighborhoods while creating rental income for homeowners.
"There's no one single solution or quick fix to the county's housing issues," notes Coeur d'Alene council member Kiki Miller, a founder of the partnership. And she’s right, but at least progress is being made.
As encouraging as these initiatives are, they represent just the beginning of what must become a broader community effort. We need more solutions and innovative financing models that can bridge the gap between rental costs and homeownership.
Idaho's economic future depends on our ability to house the workforce we need. Our community has begun responding with creativity and commitment. Now we must build on this momentum, expanding successful models and developing new approaches that balance growth with livability.
The path forward requires all of us — government officials, businesses, nonprofits and individual citizens — working together toward housing solutions that preserve what makes Kootenai County special while ensuring its prosperity continues. We've taken the first steps. Let's keep moving forward.