The Arbour Brings Much-Needed Affordable Rental Homes to the Treasure Valley
DevCo Residential Group and its affiliated entities are pleased to announce the grand opening of The Arbour Apartments, the newest affordable housing community in Boise, Idaho. Located just off West Franklin Road in the Boise Bench neighborhood, this brand-new community addresses the critical need for affordable housing in a market that has experienced approximately 25% rent growth since 2020.
The Arbour represents a significant milestone for DevCo Residential Group, marking both our first project in Boise and our inaugural construction and lease-up outside of Washington State. “The Boise market has seen a substantial rise in housing costs, and our team recognized the pressing need for more affordable options,” said David Ratliff, President of DevCo, during the Grand Opening Ceremony. “Thanks to the tremendous effort of our team and partners, we are proud to celebrate the completion of this beautiful property today.”
The Arbour features 112 apartment homes, offering one-, two-, and three-bedroom rental options ranging in size from 668 to 1,089 square feet, with rents set at 60% of the Area Median Income (AMI). This pet-friendly community includes a resident clubhouse, fitness center, laundry facility, and on-site management and maintenance. The apartment interiors have been thoughtfully designed for today’s renter, featuring energy-efficient appliances, granite countertops, wood-style flooring, private patios, and optional in-unit washers and dryers.
For more information about The Arbour, please visit www.TheArbourID.com.
About DevCo Residential Group:
DevCo Residential Group and its affiliates are a development and investment company focused on multifamily communities. Founded in 1994, DevCo is a full-service builder, developer, owner, and operator of approximately 15,000 affordable and market-rate apartment homes in strategic markets throughout the United States. The company is headquartered in Bellevue, Washington.