Rejuvenate Housing's Treasurer, and the former mayor of Davenport, Ed Winborn, says the organization wants to create better housing opportunities in central Davenport.
"The purpose is to identify and acquire properties in the central portion of Davenport that have either been condemned or need renovation, fix them up, and then find a family to purchase them."
As a spin-off of Rejuvenate Davenport, Winborn says, Rejuvenate Housing works with low and moderate income families, and also tries to attract new people to the area.
"If you consider all of the new housing units that have come online in the last year or two, and all the young people living in Downtown Davenport now, and giving new life to the city. That same thing can happen in our central city."
The property closing on Friday is at 603 West 14th Street, and the non-profit has other properties, that were donated by St. Ambrose University. The renovation of those properties will begin in August.
