GROWTH wins $2.5 million grant for Sala Flats redevelopment

By: Kenda Burrows|March 9, 2023

|3 min read

Sala Flats, 1829 Fourth Ave., Rock Island, will undergo a $5.6 million renovation engineered by its future owner, the Economic Growth Corporation. CREDIT ECONOMIC GROWTH CORPORATION

An effort by the Economic Growth Corporation (GROWTH) to buy, preserve and rehabilitate Rock Island’s historic Sala Flats apartments just got a $2.5 million boost from the Illinois Housing Development Authority (IHDA).

The IHDA funding will help GROWTH, an award-winning, non-profit Community Housing Development Organization, leverage a $230,056 tax increment financing (TIF) district investment through the City of Rock…

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GROWTH wins $2.5 million grant for Sala Flats redevelopment

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