FourFourMillionaire.com The owner of FourFourTwenty, a company that helps individuals pay for rent, recently opened a new property in Boise that’s expected to rent for $250 per month, according to the company’s website.
“This is going to be the first rent-assistance property in Idaho that we’ve actually rented,” FourFourToday co-founder David Thompson told NBC News.
The property, dubbed “Prayer Tower,” is owned by the Rev. Richard Foy, a Baptist minister in Boise who has built a following by offering to pay for people to rent out their homes.
Foy has also served as a minister at the Christian Fellowship church in Washington, D.C., and the Southern Baptist Convention.
“Prayers Tower” is the first property to be leased, and it’s set to rent at the standard rate of $250 for a two-bedroom apartment, according, according the FourFourMillions website.
The rental is available to Boise residents who qualify for the program, and rents are expected to increase from $350 to $450 per month once the property is leased, according Thompson.
The company’s founders, Thompson and Mike Siegel, started renting out their Boise property last year, and they hope to be able to rent it again by the end of the year.
FourFourToday said the property was purchased in December of 2016 and has been on the market since February, according The Boise Times.