1871 River Dr, Moline, IL 61265
Waiting List Forecast: Likely Short or None
Verified for 2023 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $683 - 818 per Month† | 1 - 2 Beds | 1 Bath | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
The Moline Enterprise Lofts is a four story, mixed-use, mixed income development specifically designed to serve the city's downtown work-force as a "live-near-work" development. Gorman & Company, in partnership with Renew Moline, will be working closely with Moline's largest employers to understand their workforce housing needs. The idea, in part, will be to offer the Moline Enterprise Lofts as an asset to companies in their efforts to recruit and retain employees.
In addition, some of the unit designs, and most of the common amenities, are designed to allow entrepreneurial people to further their work and small business. The development features live-work units that have commercial street entrances, accessing the street and allowing a retail-style presence for people who work from home.
Because Moline Enterprise Lofts participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | $683† |
| Two Bedroom (2/1) | - | $818† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $30,950 / year | $35,400 / year | $39,800 / year | $44,200 / year |
| 50% AMI for PBRA Units | $30,950 / year | $35,400 / year | $39,800 / year | $44,200 / year |
| 60% AMI for LIHTC Units | $37,140 / year | $42,480 / year | $47,760 / year | $53,040 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Moline Enterprise Lofts have a waiting list?
Moline Enterprise Lofts probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Moline Enterprise Lofts?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Moline Enterprise Lofts?
Moline Enterprise Lofts is managed by Gorman & Company, Inc. headquartered in Oregon, Wisconsin.
In addition to Moline Enterprise Lofts, how many other affordable housing properties (and units) are there in Moline?
In addition to Moline Enterprise Lofts, we list 15 other affordable properties in Moline. Learn about these properties here. Our data research shows that there are a total of 1903 affordable units in Moline.
When was the Moline Enterprise Lofts listing last updated?
Moline Enterprise Lofts listing on Affordable Housing Online was last updated on 01/02/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
Preferences are not a requirement.
You should still consider applying to waiting lists with preferences you don't qualify for. There is still a chance to get housing.Michelle Eans says:
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