Moline Enterprise Lofts

1871 River Dr, Moline, Illinois 61265

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.
 

Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - From $683
Two Bedroom (2/1) - From $818

Moline Enterprise Lofts Details

  • 69 one and two bedroom units.
  • HOME Investment Partnerships Program
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Fitness Center
  • Community Room
  • Community Media Center
  • Computer Room
  • Pet Friendly

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Moline Enterprise Lofts is managed by Gorman & Company, Inc..

Image of Moline Enterprise Lofts
Image of Moline Enterprise Lofts
Image of Moline Enterprise Lofts
Image of Moline Enterprise Lofts
Image of Moline Enterprise Lofts
Image of Moline Enterprise Lofts
Image of Moline Enterprise Lofts
Image of Moline Enterprise Lofts

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