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Extreme Dream Now Accepting Applications

Extreme Dream Now Accepting Applications
Posted on 03/27/2023
Map of Gaines Street corridor in Davenport Iowa, the Extreme Dream Project area.

March 27, 2023 - The City of Davenport has announced the launch of the Extreme DREAM Project, a new program designed to rehab vacant and abandoned homes into owner occupied residences in the Gaines Street corridor. The Extreme DREAM Project offers a dollar for dollar match up to $100,000 to purchase and rehabilitate a property in the project area. 

Davenport has allocated $2.1 million for the Extreme DREAM Project, funded by the sale of the Heritage building in 2021. 

“Extreme DREAM builds on the previous success of the Davenport DREAM Project, DREAM Plus and Commercial DREAM”, said Susanne Knutsen, Economic Development Manager for the City of Davenport. “The City of Davenport is committed to investing in our heritage neighborhoods to ensure their continued vitality.”

There are currently approximately 32 properties located in the Gaines Street corridor that have been identified as potentially eligible for the project. For a property to qualify for the Extreme DREAM Project, the home must meet the following two qualifications: it must have been vacant for at least six months and have severe code violations. Following renovations, the home must either be owner occupied or sold to an owner occupant. 

“The Davenport City Council has shown their commitment to neighborhood revitalization over the past five years with the funding of several new housing programs,” said Davenport Mayor Matson. “I applaud the leadership of the Davenport City Council in prioritizing funding for this program from the sale of the Heritage building.”

The application window for the Extreme DREAM Project is now open. To allow time for applicants to purchase and/or obtain a letter of intent to purchase a property as well as acquire bids for all work necessary, the first review of applications will begin in late June 2023. Applications are currently accepted on a rolling basis. 

Click here for more information regarding the Extreme DREAM Project.