NeighborWorks® Pocatello is a 501(c)(3) non-profit organization that revitalizes central neighborhoods of Pocatello, ID. We revitalize neighborhoods in various ways, including constructing and selling brand new homes, rehabilitating existing homes, down payment and closing cost assistance, rehabilitation loans for existing homeowners, homebuyer education, credit counseling (including foreclosure mitigation and reverse mortgage counseling), a lawn and garden tool lending system and we promote community building and neighborhood organizing.
Since 1993, we have assisted more than 850 first-time homebuyers purchase homes and over 350 families rehabilitate their properties through our home improvement loan. Please browse through this website to learn more about these services. If you can’t find the service you need, perhaps there are other community partners who can help. Click here for links to other local service organizations.
Tool Lending Library
NeighborWorks® Pocatello has a large assortment of lawn and garden tools available for checkout at a very nominal charge. This fully stocked Tool Lending Library is available for all residents who live in the NeighborWorks® Pocatello targeted neighborhoods that need to borrow a lawn mower, weed trimmer, saw, rake, shovel or whatever else is need to spruce up your own property. The tools are also available to residents who live outside of the targeted neighborhoods, but just with a slightly higher charge.
NeighborWorks® Pocatello will also check out its enclosed tool trailer for civic or neighborhood groups who have organized a group of volunteers who need a trailer stocked with lawn and garden tools (free of charge). For more information about the tool library or mobile tool trailer, call us at 232-9468 or stop by our office at 206 North Arthur in Pocatello.
Tell your friends! Tell your neighbors and co-workers! Let’s all do our part in making Pocatello look great.
NeighborWorks® Pocatello believes that home ownership is good for families, neighborhoods and the local economy. Home owners take care of their property and are interested in improving their neighborhoods. They contribute to the city’s tax base and their home equity provides a source of family wealth.
The NeighborWorks® Pocatello HomeOwnership Center promotes home ownership in Pocatello by providing all the services and training needed to shop for, purchase, rehabilitate, insure and maintain a home.
Loan Programs Offered by NeighborWorks® Pocatello
Owner Occupied Home Improvement Loan
Home Improvement Loans are currently available to residents within the city limits of Pocatello as well as residents in all of Madison County with residents who are of low and moderate incomes. The home must be owner-occupied. We will assist you with your project from start to finish, including the securing of competitive bids from licensed, bonded and insured contractors.
Rental Rehab Loans
Rental Rehab Loans are available to non-owner occupants who own rental properties anywhere within the City of Pocatello. Thanks to a partnership with the Housing Authority of the City of Pocatello, this program is possible. The applicant (landlord) does not need to meet certain income requirements; however, they must agree to advertise vacancies, as they occur, with the Housing Authority of the City of Pocatello.
Closing Cost Assistance
Closing Cost Assistance Loans are available to residents of Bannock and Madison Counties who earn less than 115% of area median income. Borrower does not have to be a first time homebuyer, but must contribute the lesser of $1,000 or 1% of sales price of their own funds. Earnest money can satisfy this requirement. Borrower must also complete the FinallyHome! Homebuyer education course, which is offered by NeighborWorks® Pocatello. For additional information, including specific income guidelines for your county, click the link below.
Down Payment Assistance
Down Payment Assistance Loans are available to residents of Bannock and Madison Counties with income limited to 115% of the area median income and liquid assets less than $5,000. Borrower does not need to be a first time homebuyer but must complete the FinallyHome! Homebuyer education course offered by NeighborWorks® Pocatello. For additional information, including specific income guidelines for your county, click the link below.
USDA 502 Direct Loans
Also known as the Section 502 Direct Loan Program, this program assists low and very low income applicants obtain decent, safe and sanitary housing in eligible rural areas. A USDA home loan is a zero down payment mortgage for eligible rural and suburban homebuyers. With subsidies, interest rates can be as low as 1%. Section 502 direct loans can be used to build, repair, renovate, or relocate homes, or to purchase and prepare sites, including providing water and sewage facilities.
USDA 504 Rehabilitation Loan/Grant Program
The objective of the Section 504 loan/grant program is to help very low-income owner occupants of modest single family homes in rural areas repair their homes. Loan funds are available for repairs to improve or modernize a home, make it safer or more sanitary, or remove health and safety hazards. For homeowners 62 and over who cannot repay a loan, grant funds are available to remove health or safety hazards, or remodel dwellings to make them accessible to a household member with a disability.
A chance to learn…a chance to own.
Do you want to buy a home, but don’t know where to start? You don’t have to feel alone. Home purchase is the largest expenditure many families ever make. At the same time, home equity is the basis of many American families’ wealth. Through the FinallyHome! program, NeighborWorks® Pocatello offers Homebuyer Education classes to help you make the most of home purchase.
This course is offered on an ongoing basis and includes a “self-study” element. Once you complete the self-study course, you will spend some time with our Home Ownership Center Manager who will go over your material and assist you with your specific questions related to purchasing a home.
Get involved in your neighborhood and community.