WIUM Tristates Public Radio

Housing

Courtesy Project Rebound

Project Rebound is a non-profit organization that looks for single family homes in Galesburg that can be bought, renovated, and then sold for $60,000 or less with no down payment.  It strives to help people who are working stable jobs and have good credit but who don't make enough money to save for a down payment. 

In Illinois, somebody being paid minimum wage would have to work 99 hours a week to afford the average two-bedroom apartment. That means an individual would have to earn more than $20 an hour to be able to pay for that two-bedroom apartment.

Those statistics come from a June report by the National Low Income Housing Coalition.

Illinois’ average cost for a two-bedroom apartment is just above $1,058 a month. Illinois’ minimum wage is $8.25 an hour

Grant Gerlock/Harvest Public Media

In places where the unemployment rate is well below the national average — states such as Iowa, Nebraska, and Colorado — one would think it would be easier for communities to recruit new residents to fill open jobs.  But that's not always the case.

TSPR's Emily Boyer

The Macomb Community Development Committee is developing a city-wide inventory of every residential property, looking specifically at their compliance with Macomb’s maintenance code.

Coordinator Shannon Duncan said it should be finished by the end of the year, at which time letters will go out to homeowners who are in violation of the code.

Credit ImagesMoney
Flickr Creative Commons

Home loans are available for low-income households in western Illinois, many of which require little to no down payment.

Potential home buyers can get more information Tuesday during a U.S. Department of Agriculture (USDA) Home Resource Fair. The event will be from 10 a.m. to 12:30 p.m. at Spoon River College Community Outreach Center at 2500 E. Jackson.

ImagesMoney / Flickr Creative Commons

The U.S. Department of Agriculture is ready to help potential low-income home buyers. The agency plans to spend millions this year on rural home loans.

Burlington might offer a new financial incentive to boost housing in and around the city’s downtown district.

respres / Wikimedia Commons

Home prices increased 12.2% across the nation in February compared to a year ago. That's according to real estate aggregator CoreLogic.

Iowa Fertilizer Company’s new production plant in northern Lee County could have an even larger impact on the local housing market than first anticipated.

The Tri-State Development Summit has formed in 1996, following the historic Flood of 1993. 

The organization brings together communities leaders from several dozen counties in west-central Illinois, southeast Iowa, and northeast Missouri.

One of its standing committees focuses on housing needs in the tri-state region.  To assist in its efforts, a special day-long summit was held on the campus of Culver-Stockton College in Canton, Missouri.