ECONOMIC GROWTH CORPORATION
  • About
    • Who We Are, What We Do
    • Meet the Team >
      • Brian Hollenback, President/CEO
      • Cindy Berg, Chief Financial Officer
      • Beth Payne, Senior Vice President
      • Carey Jorgensen, Director of Property Management
      • Andrew Fisher, Construction Director
      • Kerry Mangelsdorf, Office Manager & IT Support
      • James Jones, Housing Manager
      • Frank Perez, Financial Education Coordinator
      • Alex Stockwell, Controller
      • Kate Lackey, Accounting Assistant
      • Malory Jensen, Receivables and Grant Coordinator
      • Madison Prater, Accounts Payable Coordinator
      • Heather Starr, Executive Assistant
    • Awards
    • Bidding Opportunities >
      • Bid Process for New Contractors
  • Development
    • Multifamily >
      • Shimer Square
      • Northside Lofts
      • Wilson Lofts
      • Sala Flats
      • Renaissance & Goldman Lofts
      • Centre @ 501
      • Coatsworth Apartments
      • Lawrence Lofts
      • Star Block
      • The Locks
      • Jackson Square
      • Goldman Family Block
      • McKesson Lofts
      • Voss Brothers Lofts
      • Douglas Park Place
      • Bowlby Condominiums
      • Clipper Condominiums
      • Goldman Lofts
      • Renaissance Lofts
      • Broadway Townhomes
      • Murphy Lofts
    • Single Family >
      • Garden District
      • New Old Chicago Redevelopment Subdivision
      • Villas at College Hill
    • Neighborhood Stabilization Program
    • Illinois Attorney General Foreclosure Settlement Funds
  • Programs
    • Buying A Home >
      • Live-Work Rock Island
      • Moline Downpayment Housing Program
    • Fixing My Home
  • Housing Counseling
    • Housing Counseling Services >
      • Financial Literacy & Housing Counseling
      • Alfabetización financiera y educación para compradores de vivienda
    • Homebuyer Education >
      • Homebuyer Class Schedule
    • Personal Growth Workshop
    • Post Purchase Class
  • Subsidiaries
    • Central States Development Partners, Inc.
    • Home Base Property Management, LLC
    • Growth General Contracting, LLC
  • Publications
  • Contact

NSP Program Income Downpayment Program
​Moline, IL

Marketing Flyer
 If you are looking to purchase a home in certain neighborhoods in Moline, you may be eligible for up to 3% or 5% of the homes purchase price for downpayment assistance and up to $1,500 towards closing costs. GROWTH is providing funding for this program,  derived from Neighborhood Stabilization Program (NSP2) Program Income.
To Qualify:
  • Home must be located within these Moline neighborhoods: 217, 219, 222, 223 (Highlighted on this map)
  • Homebuyer must be an employee of a Moline business that has a physical establishment within Moline
  • Homebuyer must work a minimum of 20 hours for a business located in Moline
  • Homebuyer must contribute a minimum of $1,000 to the transaction
  • Earn at or below 120% of the Area Median Income (AMI). Downpayment assistance will vary based on your income:
    • Under 50% AMI – 5% downpayment assistance and up to $1,500 in closing costs
    • 51%-120% AMI – 3% downpayment assistance and up to $1,500 in closing costs 
Prior to Making an Offer:
  • Complete application. Provide copies of:​
    • Last 2 years W-2s
    • Last 2 federal tax returns
    • Last 30 days of pay stubs
    • Most recent 2 months of bank statements
  • Meet with HUD-certified Housing Counselor (email)
  • Participate in Homebuyer Education Class/ Webinar and receive a certificate of completion
  • Homebuyer signs a 5-year forgivable recapture agreement

Homebuyer Application
2025 Income Limits- Rock Island- Moline MSA​: 
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Step 1: Complete
​Application

Apply as soon as you begin thinking seriously about purchase a home. GROWTH is here to guide you through the entire process, from start to finish. GROWTH must approve your application prior to making an offer on a home.​
Apply

Step 2: Meet with Housing Counselor

As a HUD-approved Housing Counseling agency, GROWTH has HUD-certified Housing Counselors that will meet with you and provide you with the financial tools needed to achieve your goal of homeownership. Send an email below to inquire.
Schedule

Step 3:  Participate in          
​Homebuyer Education Class

Attending a one-day homebuyer education class/ webinar is required prior to making any offer on a home. The classes are held once per month and you can register online to attend. There is no cost to homebuyer.
Register
100 19th Street, STE 109
Rock Island, IL 61201
309-794-6711
​[email protected]
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Economic Growth Corporation and its subsidiaries are Equal Opportunity Providers.

Fair Housing/ Equal Opportunity Statements:
We are pledged to the letter and spirit of U.S. Policy for the achievement of equal housing opportunity throughout the nation. ​​In accordance with federal law and the U.S. Department of the Treasury policy, Central States Development Partners, Inc. is prohibited from discriminating on the basis of race, color, national origin, sex, age or disability.  

Conflict of Interest Statement:
Economic Growth Corporation and its affiliates (collectively, GROWTH) require staff and members of the Board of Directors to comply with all applicable federal, state and local laws, rules and regulations pertaining to GROWTH’s activities, to conduct themselves ethically and with integrity; and to avoid any conflict between their own interests and the interests of GROWTH. 

  
  • About
    • Who We Are, What We Do
    • Meet the Team >
      • Brian Hollenback, President/CEO
      • Cindy Berg, Chief Financial Officer
      • Beth Payne, Senior Vice President
      • Carey Jorgensen, Director of Property Management
      • Andrew Fisher, Construction Director
      • Kerry Mangelsdorf, Office Manager & IT Support
      • James Jones, Housing Manager
      • Frank Perez, Financial Education Coordinator
      • Alex Stockwell, Controller
      • Kate Lackey, Accounting Assistant
      • Malory Jensen, Receivables and Grant Coordinator
      • Madison Prater, Accounts Payable Coordinator
      • Heather Starr, Executive Assistant
    • Awards
    • Bidding Opportunities >
      • Bid Process for New Contractors
  • Development
    • Multifamily >
      • Shimer Square
      • Northside Lofts
      • Wilson Lofts
      • Sala Flats
      • Renaissance & Goldman Lofts
      • Centre @ 501
      • Coatsworth Apartments
      • Lawrence Lofts
      • Star Block
      • The Locks
      • Jackson Square
      • Goldman Family Block
      • McKesson Lofts
      • Voss Brothers Lofts
      • Douglas Park Place
      • Bowlby Condominiums
      • Clipper Condominiums
      • Goldman Lofts
      • Renaissance Lofts
      • Broadway Townhomes
      • Murphy Lofts
    • Single Family >
      • Garden District
      • New Old Chicago Redevelopment Subdivision
      • Villas at College Hill
    • Neighborhood Stabilization Program
    • Illinois Attorney General Foreclosure Settlement Funds
  • Programs
    • Buying A Home >
      • Live-Work Rock Island
      • Moline Downpayment Housing Program
    • Fixing My Home
  • Housing Counseling
    • Housing Counseling Services >
      • Financial Literacy & Housing Counseling
      • Alfabetización financiera y educación para compradores de vivienda
    • Homebuyer Education >
      • Homebuyer Class Schedule
    • Personal Growth Workshop
    • Post Purchase Class
  • Subsidiaries
    • Central States Development Partners, Inc.
    • Home Base Property Management, LLC
    • Growth General Contracting, LLC
  • Publications
  • Contact