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Economy

More Funding for Live Work RI

More people will get financial help when buying a home in Rock Island. This morning, the Rock Island Economic Growth Corporation announced the Illinois Housing Development Authority approved nearly $340,000 for Phase 9 of GROWTH's Employer Assisted Housing Program.

Brian Hollenback wears a suit & tie behind a podium
Credit Michelle O'Neill / WVIK News
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WVIK News
RIEGC Pres. Brian Hollenback

GROWTH President, Brian Hollenback, says the program is known as Live-Work Rock Island, and more than 60 local employers participate. Today, he also showed off seven new homes located between the children's garden at the Quad City Botanical Center and Jackson Square apartments on 24th Street.

Rock Island Mayor Dennis Pauley claps as Augustana College Pres. Steve Bahls speaks.
Credit Michelle O'Neill / WVIK News
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WVIK News
Rock Island Mayor Dennis Pauley claps as Augustana College Pres. Steve Bahls speaks.

College President Steve Bahls says Augustana has participated in the Live-Work housing assistance program since it began twelve years ago.

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The program has benefited 33 of our employees. It helps with down payment and closing costs assistance. We want our faculty and staff to live close to college in order to take full advantage.

Other participating employers include the city, Rock Island School District, Rock Island Arsenal, Unity Point Health-Trinity, and John Deere.

Over 13 years, Live-Work Rock Island has helped 280 individuals and families with nearly $1.5 million in direct homebuyer assistance. On average, that's $5,500 per household. And almost half the sales were to people who moved to Rock Island from other cities.

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