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Live-Work Rock Island Program

Administered by: Rock Island Economic Growth Corporation (GROWTH) in partnership with the Development Association of Rock Island (DARI) and the City of Rock Island · City · Grant

Funding status: Active

How much assistance

Up to 5% of purchase price for down payment plus up to $1,500 for closing costs (Grant)

Eligibility

  • Income limits: Up to 120% of Area Median Income (approximately $117,240 for a household of four)
  • First-time buyer required: No
  • Geographic restrictions: Home must be located within the city limits of Rock Island. Applicant must be employed by a Development Association of Rock Island (DARI) member business.
  • Homebuyer education required: Yes

How to Apply for Live-Work Rock Island Program

Step 1: Contact Rock Island Economic Growth Corporation at 309-788-6311. Verify your employer is a DARI member, complete the application, qualify for a mortgage, and attend the required GROWTH homebuyer education class before closing.

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Notes

Employer-assisted housing program. Believed to be the longest running down payment assistance program in Illinois (launched 2003). Verify current funding status and any recapture/forgiveness terms with GROWTH.

Cities Where This Program Is Available