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

Homes purchased through this program may be eligible for up to a $9,000 grant to assist with light rehab (life/safety code requirements). Call (309) 788-6311 for more information or email us at info@growthcorp.org. 

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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.

            Step 2:               Meet with HUD-certified STAFF
​

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.

             Step 3:              PARTICIPATE IN Homebuyer Education

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.

Apply

Schedule

Register