City of Davenport Dream Project Grants

The City of Davenport's Dream Project Grants are designed to support both current and new homeowners within a designated Dream area, facilitating property improvements to foster community development and stability. This initiative aligns with a broader mission of enhancing living conditions and economic vitality within the city by empowering residents to invest in their homes. The grant program is administered by the City of Davenport’s Community and Economic Development (CED) staff, underscoring a public sector commitment to local growth and resident support. The primary beneficiaries of this program are homeowners, both existing and prospective, in the specified Dream area who seek to improve their properties. The impact goal is to create more stable and attractive neighborhoods through direct investment in home rehabilitation. Participants purchasing a home in a Davenport DREAM Project neighborhood are eligible for a grant of approximately $20,000, while other grants can range from $10,000 to $100,000. This financial assistance aims to make homeownership more sustainable and accessible, particularly for those looking to revitalize their living spaces. The program prioritizes exterior improvements first, recognizing their immediate impact on neighborhood aesthetics and property value, with remaining funds available for interior improvements. This structured approach ensures that the most visible and community-benefiting enhancements are addressed initially. Eligibility criteria include proof of current homeowners insurance and no outstanding liens on the property within the City of Davenport, promoting responsible homeownership and safeguarding public investment. Contract owners are ineligible, ensuring the grants benefit direct homeowners. Developers may also qualify if the rehabilitated property remains owner-occupied after sale, extending the program's reach to include broader community revitalization efforts. Expected outcomes include an increase in well-maintained and owner-occupied properties, contributing to a stronger housing market and enhanced neighborhood pride. Measurable results would involve tracking the number of grants awarded, the types of improvements made, and the overall increase in property values or decrease in blight within the Dream area. While the direct strategic priorities and theory of change of a "foundation" are not explicitly detailed as this is a city-run program, the underlying theory is that direct financial assistance for home improvements will lead to improved quality of life, increased property values, and a more vibrant community, thus achieving the city's economic and community development objectives.