IDAHO HOUSING AND FINANCE ASSOCIATION – Amends existing law to remove obsolete provisions and to provide that federal grants received on or after July 1, 2026, shall be subject to certain requirements.

This bill amends Idaho law governing the Idaho Housing and Finance Association. It removes outdated language about commissioner terms (like 1976-1980 expiration dates) but has no direct effect on current operations. The key new provision requires that any **new federal grant received by the association on or after July 1, 2026, must comply with Chapter 35 of Idaho Code** (which governs federal fund spending rules and non-cognizable funds). This directly affects the association when managing future federal housing or finance grants, ensuring these funds follow specific state expenditure and reporting requirements. The change takes effect July 1, 2025.