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GROWTH Moline NSP Program Income Downpayment Program

Rock Island Economic Growth Corporation (GROWTH) · Moline, Illinois

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Assistance

3%

Of the purchase price, as the program sets it

Income limit

80% AMI

Of area median income; varies by county and household size

Repayment

Forgivable

Forgiven after 5 years

What is GROWTH Moline NSP Program Income Downpayment Program?

GROWTH Moline NSP Program Income Downpayment Program is a forgivable loan for homebuyers in Moline, Illinois, administered by Rock Island Economic Growth Corporation (GROWTH).

  • 3–5% down payment assistance.
  • Up to $1,500 closing cost assistance.
  • 0% interest forgiven over 5 years.
  • Free homebuyer education.
  • NSP2 Program Income funding.
  • Funding comes from Neighborhood Stabilization Program (NSP2) Program Income.

How much assistance does it provide?

GROWTH Moline NSP Program Income Downpayment Program provides assistance worth 3% of the purchase price, as set by the program.

  • Award tiers: 3% for standard eligible purchase; 5% for homes in specific census tracts (217, 219, 222, 223).
  • The program can be combined with IHDA programs.
  • Amounts are the program's published maximums, not an offer — Rock Island Economic Growth Corporation (GROWTH) determines any individual award.

Do you have to pay it back?

GROWTH Moline NSP Program Income Downpayment Program is forgiven after 5 years, so a buyer who stays that long does not repay it.

  • Repayment is triggered by Sale before 5-year occupancy; prorated repayment.
  • The assistance is recorded in second position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

GROWTH Moline NSP Program Income Downpayment Program is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • A completed homebuyer education course, through GROWTH HUD-certified Housing Counseling; one-day homebuyer class (no cost)
  • Residency: Home must be in designated Moline census tracts
  • DRAFT (dpa-gap-finder 2026-06-12): pending review. Property must be located in Moline census tracts 217, 219, 222, or 223. Income at or below 80% AMI. Note: This is distinct from the City of Moline's CDBG-funded program (which is already separately cataloged). A 2024 application form is available from GROWTH. [orig: assistance_percentage: 3–5% of purchase price plus up to $1,500 in closing costs; dpa_interest_rate: 0%; income_limit_amount: Per 2024 Rock Island-Moline MSA HUD income limits at 80% AMI]

The program excludes

  • Manufactured homes
  • Households above 80% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

GROWTH Moline NSP Program Income Downpayment Program limits household income to 80% of the area median income, which varies by county and household size.

  • Income at or below 80% AMI for the Rock Island-Moline MSA per 2024 HUD income limits.
  • The limit applies to total household income, not only the borrower’s.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

GROWTH Moline NSP Program Income Downpayment Program caps the purchase price as follows: Home must be located within specific Moline neighborhoods (census tracts 217, 219, 222, 223).

  • New construction is eligible.
  • Manufactured homes are not eligible.

Where does it apply?

GROWTH Moline NSP Program Income Downpayment Program serves buyers purchasing in Moline, Illinois.

  • The program targets specific areas: Specific Moline census tracts: 217, 219, 222, 223.
  • Targeted neighborhoods: Moline Census Tracts 217, 219, 222, 223.

How do you apply?

Applications for GROWTH Moline NSP Program Income Downpayment Program go through Rock Island Economic Growth Corporation (GROWTH), which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through GROWTH HUD-certified Housing Counseling; one-day homebuyer class (no cost).

  2. Contact Rock Island Economic Growth Corporation (GROWTH) to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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GROWTH Moline NSP Program Income Downpayment Program, explained

A short, free course on GROWTH Moline NSP Program Income Downpayment Program: what it is, who it is for, how it is forgiven, where it applies and how to apply. Based on program data from July 2026. About ten minutes.

5 modules · About 10 minutes

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