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Live-Work RI

Rock Island takes a proactive approach to encouraging new investment to help our community grow. The Development Association of Rock Island partners with Economic Growth Corporation (GROWTH) in order to offer a homebuyer assistance program for individuals or families wishing to buy a home anywhere within the city limits of Rock Island.

Through our Live-Work RI program, funds can be provided to help with down payment and closing costs. Our program includes individualized counseling and an educational workshop that will lead you through the process of selecting, purchasing, and maintaining a home.

Funding is allocated on a first-come, first-serve basis. Programs may change without notice. Please contact our office at 309-788-6311 for more information on available programs.

In accordance with federal law and the U.S. Department of the Treasury policy, this institution is prohibited from discriminating on the basis of race, color, national origin, sex, age or disability. To file a complaint of discrimination, write to Department of the Treasury, Office of Civil Rights and Diversity, 1500 Pennsylvania Ave. NW, Washington D.C., 20220 or call (202) 622-1160

For Realtors & Lenders

Equal Housing Opportunity Working with a Buyer?
If you are working with a buyer interested in going through Live-Work Rock Island program, please note that it is important for the buyer to:

  • Sign up for the 8-hour homebuyer education class.
  • Complete the application and submit it to our Housing Manager for approval. Our Housing Manager will determine eligibility and provide a plan of action within 5 business days of a completed application.

Making an Offer to Purchase:
Before making an offer, the homebuyer must be approved for our program. The homebuyer must have the assistance program application filled out and all financial information turned into our office before the Housing Manger can approve the application.  
Homebuyer Assistance Program and amount of assistance must also be noted in the offer to purchase.

For more information, contact 309-788-6311 or email,

Frequently Asked Questions

Homebuyer Program Details
Currently, Live-Work RI, an Employer Assisted Housing Program is the only homebuyer program available through our organization.

  • Applicant must fill out an application
  • Meet employer eligibility requirements. A list of companies that participate in the home buyer program may be found here. click here for list. 
  • Meet the income limit
  • The home must be in the City of Rock Island
  • Qualify for a mortgage loan
  • Attend homebuyer education class. 

When Should I Apply?
Complete an application as soon as you begin thinking seriously about purchasing a home. Our housing staff is here to guide you through the entire home buying process, start to finish. The Live-Work Rock Island program cannot work for you if you wait until after you make an offer-to-purchase.

Do I Have to Get a Home Loan?
You will need to qualify for a first mortgage loan from an approved lender. Our housing staff work one on one to assist you with financial education and help you obtain financing that is affordable and easily understood.

Can I use a REALTOR®?
We strongly encourages you to work with a qualified REALTOR®. Find one that you are comfortable with because he/she can save you a lot of time and money.

How Long Does it Take?
Once a completed application has been submitted, our housing staff will typically review your completed application and provide a plan of action within 5 business days. Staff will also schedule a meeting with you to review the plan and help you take steps needed to apply for a first mortgage loan from a participating lender of your choice. Once approved for the program, offers-to-purchase must allow for 30 days between acceptance of the offer and closing.

Getting Started
A budget worksheet will help you figure out your household expenses. This document is required and is recommended as the first step before considering home ownership. Click here to download the budget worksheet.

Homebuyer Education is REQUIRED!
Prior to closing on the home, the homebuyer must attend a homebuyer education class.

The 2020 class schedule is as follows:

2020 Class Schedule

Saturday, January 25
Saturday, February 15
Saturday, March 21
Saturday, April 18
Saturday, May 16
Saturday, June 20
Saturday, July 18
Saturday, August 22
Saturday, September 19
Saturday, October 17
Saturday, November 14
No Class is held in December.
The class is free and lunch is provided. Call our office today to make a reservation, 309.788.6311.
After purchasing your home, we offer a post-purchase class to help answer questions.
2020 Post Purchase Classes
Post Purchase Class March 28, 2020
Post Purchase Class June 27, 2020
Post Purchase Class September 26, 2020
Post Purchase Class November 21, 2020

RSVP for Homebuyer Education Class Today!

Call 309.788.6311 or email Our office Housing & Financial Education Center address is 114 19th Street, Rock Island, IL 61201.

Economic Growth Corporation is an Adopter of the National Industry Standards for Homeownership Education and Counseling. To view Economic Growth Corporation’s Privacy Policy, click here.