The recent cold snap may have been a blessing in disguise. Many of us found that the furnace isn’t quite what it used to be, or worse the leaky roof is now letting cold air in. If this sounds like a problem at your house, Pocatello Neighborhood Housing Services may be able to help you.
Half a million dollars, that’s how much money PNHS received from a government grant to help fix up neighborhoods in Pocatello. But the burden falls on homeowners to turn these dollars into results. Homeowners can apply for a low interest home improvement loan from PNHS to fix problems with their homes and there are many benefits that PNHS offers that you can’t find anywhere else.
“We can do a lot of neat things that maybe a bank or a lender can’t do,” said Mark Dahlquist, PNHS Executive Director. “So far for example, we can lower their monthly payments to where they are affordable. And your monthly payments are dependent upon your income.”
A key component of this program is helping low income homeowners make repairs and Mark says those benefits are far reaching.
“I think what’s really exciting about this is not only does it help out some homeowners that need repairs, it’s helping elevate the look and appearance of Pocatello neighborhoods,” said Dahlquist.
The grant process from the U.S. Department of Treasury was very competitive. In fact PNHS is the only agency in the state that was awarded money which says a lot about the work being done here in Pocatello.
“PNHS in the past has a really great background and great history of fixing up houses with this Home Improvement Loan Fund and I think what that’s translated into for the rest of the community is better looking neighborhoods, good curb appeal. I think Pocatello would be a much different place had it not been for PNHS’s effort to upgrade the neighborhoods.”
The funds from this grant should be available before the end of the week which means you still have time to make improvements to your home in time for winter.
One of the stipulations of the grant is that PNHS needs to award 85 percent of the money within 3 years. That translates to $425,000. You can find more information at this link.