Ignite cda Plans 104 Attainable Homes at The Currents
The project will occupy roughly 10 acres within the former Atlas Sawmill site in Coeur d'Alene.
Updated on Nov. 13, 2026 in Residential
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Ignite cda plans to build 104 homes for attainable homeownership at The Currents in Coeur d'Alene. The homes are intended for households earning about 80% to 120% of the area median income.
Why it matters
The project is designed to fill a housing gap in Coeur d'Alene, where 68% of workers commute in from outside the city's borders. Land sales in 2018 exceeded projections, creating an opportunity to use the final phase for attainable homeownership.
The Currents will occupy roughly 10 acres within the former Atlas Sawmill site, and homes will not be designated as low-income or Section 8 housing. Deed restrictions and a shared-equity resale formula will limit resale prices for future eligible buyers.
The players
Ignite cda
Ignite cda is the urban renewal agency overseeing redevelopment of the Atlas Waterfront site in Coeur d'Alene.
The details
Ignite cda will use Atlas District land-sale proceeds and tax-increment financing to prepare the site, while private builders will construct and sell the homes at attainable prices under contract with the agency. No new taxes or subsidies from neighboring property owners will support the project.
Timeline
The Atlas sawmill closed in 2005 after about a century of operation.
The city bought the Atlas property in 2018, and land sales later exceeded projections.
Developer proposals were due Oct. 30, and Ignite cda expects to announce the selected developer after Nov. 30.
Vertical construction is expected to begin by mid-2027.
The Atlas urban renewal district closes on or before 2038.
Housing Context
The project applies the Atlas District's tax-increment financing and land-sale proceeds to the final phase of redevelopment before the urban renewal district closes on or before 2038. It follows the agency's decision to use surplus land-sale revenue for attainable homeownership rather than other uses.
Residents seeking homeownership may find a path through The Currents' attainable price targets, though eligibility is tied to household income of about 80% to 120% of the area median income. Buyers will face deed restrictions and a shared-equity resale formula that limit future resale prices.
The takeaway
Attainable homeownership projects like The Currents show how public land proceeds can be redirected toward local workforce housing. Buyers should review deed restrictions and resale formulas before committing.
What happens next
Ignite cda expects to announce the selected developer after Nov. 30, and vertical construction is expected to begin by mid-2027.
Further reading
Explore more residential real estate coverage for Coeur d'Alene housing trends.
More information
Find details on The Currents project information from Ignite cda.
Source note: This article includes information reported by Coeur d'Alene Press.
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