NeighborWorks® Pocatello (NWP) is the recent recipient of a second round of Affordable Housing Program (AHP) grants from the Federal Home Loan Bank of Des Moines, which will help facilitate home improvements for low and moderate income residents in Bingham, Bannock and Power Counties. The $504,000 in funding will assist the organization in providing 30 grants in the amount of $15,000 each for eligible homeowners that need to make repairs or renovations to their homes.
The funding is intended to help those who find it difficult or impossible to secure the needed resources to fix up their homes or take care of deferred maintenance issues. To qualify for one of the $15,000 grants, a homeowner is required to have a household income of below 80% of area median income and one person in the household to fall under a special needs category. Those needs can include being age 62 years age or older, having a mental or physical impairment, being HIV/AIDS positive, or recovering from substance or physical abuse.
NWP has a long history of being an outlet for residents that need resources to improve their homes but are not able to come up with cash or don’t qualify for financing from private lenders. To date, the organization has assisted over 500 homeowners in the Pocatello area via its Rehab Loan Program. After the successful launch of 50 grants in the first round in the amount of $10,000 each, this programs success showed a real need. NWP is proud to be able to offer this grant program again at an increased amount of $15,000 for the second round.
“It’s easy for homeowners to fall behind on home maintenance when resources are tight,” said Heather Pimentel, NWP’s Director of Lending and Counseling. “I’m excited about this program because it will help offset costs for people and empower them to improve their living situations.”
Common issues that can be addressed with the program include (but are not limited to) new roofs, upgraded electrical and plumbing, HVAC, siding, windows, foundation issues and the addressing of accessibility issues. Additionally, NWP’s Construction Specialist will conduct a thorough inspection of the home to identify any health and safety issues and will complete a detailed scope of work document. This will assist the homeowner with the contractor procurement process. Only licensed, bonded and insured contractors will be eligible to work on the home improvement projects.
There are only 30 grants available in this round and are offered on a first come first serve basis to those that qualify. NeighborWorks Pocatello was just one of two organizations in the State of Idaho that received funding this past year. “I think we were able to make a strong case to the Federal Home Loan Bank that there are a lot of folks in our community that have deferred maintenance issues on their homes but lack the necessary resources to properly handle them,” said Mark Dahlquist, NWP Executive Director. “I think we were able to connect the need with the fact that we have a long and successful track record of fixing up homes in the community via our rehab loan program.”
The Bank of Commerce is the official member bank that made the AHP application process possible. Without a partnering member bank, a non-profit sponsor such as NeighborWorks Pocatello is not allowed to apply for AHP funding. “We are grateful that The Bank of Commerce recognized the importance of this funding to further our efforts and make our neighborhoods stronger,” said Dahlquist. “Without their help, none of these resources coming from the Federal Home Loan bank would have made it to our community,”
For residents who would like to find out more about this program or who are interested in making application, they are asked to watch a short introductory video to the program at https://nwpocatello.org/services/home-improvement-grant/.
For more information, call 208-232-9468 or click here to read or download our informational brochure.