The former Neighborhood Housing Services is set to build a new "pocket community" in Garden City to add more affordable housing to the market.
“Our communities thrive when families have a safe place to live,” NeighborWorks Boise CEO Bud Compher said in a prepared statement. “Success happens when partners such as Wells Fargo and Garden City come together to invest in helping Treasure Valley families gain homeownership.”
The homes will range from 686 to 983 square feet with two or three bedrooms. List prices run from $174,900 to $207,900.
NeighborWorks is already underway on another project nearby with a similar goal - the Adams St. Cottages provide "sensibly priced" homes in a managed community - and the orginization provides grants and financial counseling to potential homebuyers.
NeighborWorks defines a pocket neighborhood as "a cluster of neighboring homes placed together around a shared open space offering a sensible, compact, close-knit community, not dominated by cars."
A groundbreaking event is set for Wednesday, with a grant of $205,000 from Wells Fargo.