$8.5M Rock Island housing project to serve veterans
A new $8.5-million housing development on the west side of Rock Island will be the first in the city specifically designed for veterans.
The Illinois Housing Development Authority (IHDA) recently awarded $7.8 million to Community Home Partners (CHP) to support a pioneering housing initiative in Rock Island dedicated exclusively to veterans.
The new project, set to provide 25 modern rental homes across four acres of land, will provide much-needed housing solutions tailored to the unique needs of veterans, according to the managing entity of Rock Island Housing Authority.
“The city of Rock Island for a number of years has been committed to helping veterans any way we can, and when this project came forth, we thought it was a perfect opportunity to coordinate our efforts with Community Home Partners and making this a reality,” Rock Island Mayor Mike Thoms said.
The property – on 31st Avenue, just west of 11th Street – was donated to CHP by the city, and they’re responsible for raising the rest of the funding privately (through banks and investors), said John Chow, CEO of Community Home Partners.
“It takes a village. This project isn’t just about building homes; it’s about forging communities and providing stability and support for those who have served our country,” he said, noting there’s a great need for permanent homes for veterans.
“Our veterans gave so much in service to our nation, and it’s our honor to give back by providing the community support and individual space they deserve,” he said.
The detached homes will be very small, typically 450 or 650 square feet, expected to be built from fall 2024 to 2025, and the site will include a 2,000-square-foot support services building with representatives from Veterans Affairs, Community Health Care and employment agencies, Chow said.
There’s an existing Community Health Care clinic close by, at 2750 11th St.
“We are working very closely with other support agencies in our community,” Chow added. “We want to bring in the entire team.”
Rents will typically be no more than 30% of a veteran’s income, and the CHP site is designed to be a mixed development, with a variety of income levels, he said. “It’s going to be quality product – with granite countertops and stainless-steel appliances.”
There also may be an option after several years for the renters to buy a home on the site, Chow said. “I would love to be able to offer homeownership for the veterans, sell it below market rate.”
“We are very excited to announce this project in support and honor of our veterans,” CHP Board President Dave Emerick said. “This development is another example of CHP’s commitment to building neighborhoods to enhance the community and provide stability for those seeking housing assistance.”
“We extend our gratitude to all sponsors, partners, and supporters committed to making this visionary project a reality, ensuring every veteran has the opportunity to thrive each day,” the CHP release said.
For more information on Community Home Partners, click HERE.
For the latest news, weather, sports, and streaming video, head to WHBF - OurQuadCities.com.
