Moline Housing Development Corporation NFP

The Moline Housing Development Corporation NFP is a nonprofit organization based in Moline, Illinois, United States. It functions as a key instrumentality of the Moline Housing Authority, focusing on providing affordable housing opportunities to low-income families in the area.

Objective

The primary objective of the Moline Housing Development Corporation is to enhance and expand the affordable housing landscape within the City of Moline. It works closely with the Moline Housing Authority to ensure that these housing opportunities are both accessible and sustainable for residents.

Structure

The organization is structured as a nonprofit entity, which allows it to operate with the flexibility needed to address local housing challenges effectively. Its operations are guided by policies set forth by the U.S. Department of Housing and Urban Development (HUD).

Key Activities

• Affordable Housing Provision: The corporation oversees properties like Fiesta Manor and Spring Valley Village Apartments, which are managed by the Moline Housing Authority. These properties exemplify the organization's commitment to affordable housing.
• Community Development: Through its initiatives, the corporation aims to foster thriving neighborhoods with a focus on safety and affordability.

Relationship with Moline Housing Authority

The Moline Housing Authority, established in 1940, plays a crucial role in the management and oversight of properties owned by the Moline Housing Development Corporation. The authority operates under the guidance of a five-member Board of Commissioners and is subject to regulations administered by HUD.

Funding and Support

As a nonprofit organization, the Moline Housing Development Corporation likely relies on a mix of public funding, grants, and private donations to support its operations and expand its housing offerings. This financial structure allows it to maintain a robust presence in community development initiatives.

Impact

The Moline Housing Development Corporation's efforts contribute significantly to improving living conditions for low-income families in Moline. By promoting accessible housing solutions, it supports the broader social and economic health of the local community.