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Homebuyer Assistance / Rehab
THE APPLICATION PERIOD FOR THIS PROGRAM HAS EXPIRED. NO ADDITIONAL APPLICATIONS WILL BE CONSIDERED. PLEASE VISIT OUR HOUSING OPPORTUNITIES AND PROGRAMS PAGE PERIODICALLY FOR FUTURE HOMEBUYER ASSISTANCE PROGRAMS.  

About the Program

Picture1 (2).jpg    The overall goal of this program is provide forgivable loans to low to
   moderate income homebuyers to acquire and rehabilitate unoccupied
   properties throughout the City of Moline.  Eligible borrowers will receive a
   maximum amount of $25,000 for down payment, closing costs and
   rehabilitation assistance. Grant amounts for down payment and closing
   costs are limited to $3,000 for low-income households and $5,000 for very
   low-income households. Loan amounts to the borrower will vary, but shall 
   not exceed $20,000 to cover rehabilitation costs.

   Additional assistance may be provided by a local government or non-profit
   to each individual homebuyer. All homebuyers will be required to
   contribute a down payment of at least $1,000.00.  Each homebuyer must complete pre-purchase homebuyer counseling with a one-on-one component.

Fiscal Year 2015 Income Limits
 Household Size
1 2 3 4 5 6 7 8
Very Low Income - 50%
$23,300 $26,600 $29,950 $33,250 $35,950 $38,600 $41,250 $43,900
Low Income- 80%
$37,250 $42,600 $47,900
$53,200 $57,500 $61,750 $66,000 $70,250


Additional Documents