Rock Island Economic Growth Corporation will host an open house from 1 to 3 p.m. Sunday, to showcase five homes in the New Old Chicago Neighborhood available for sale through GROWTH's Neighborhood Stabilization Program.|
The homes are new construction or have been completely renovated. People will be able to learn about GROWTH's home-buyer programs in Rock Island. Only $1,000 is needed for down payment on any of the homes, with estimated payments (which include principal, interest, taxes and insurance) as low as $465 per month.
The homes are at 617 10th St.; 621 10th St; 625 10th St.; 626 10th St.; and 924 7th Ave. The four homes on 10th Street are new construction with two or three bedrooms, two-car attached or detached garages and range in size from 1,080 to 1,352 square feet.
The New Old Chicago Redevelopment Plan was adopted by the city of Rock Island in 2006. The New Old Chicago area will see more than $13 million in improvements between 2006 and 2013.
Improvements include therecent five single-family homes built by GROWTH ($1.6 million);new Martin Luther King Jr. Community Park ($635,000) with completion expected in early 2013; expansion of the Martin Luther King Jr. Community Center ($3.6 million); creation of Douglas Park Place ($2 million); new single-family homes in Habitat Park ($527,000); and new homes built in partnership with GROWTH and Community Housing Solutions ($450,000).
For more information about GROWTH's programs, call (309) 788-6311 or visit LiveRI.com.