Downtown Development Districts – Fall 2016 Funding Round
The Delaware State Housing Authority (DSHA) is pleased to announce that the Fall 2016 funding round for the Downtown Development Districts (DDD) grant program is now open!
Grant rebates of up to 20 percent are available to qualified investors in designated Downtown Development Districts in Wilmington, Dover, Seaford, Georgetown, Harrington, Laurel, Milford and Smyrna. Other state and local incentives also are available to spur private investment in Delaware’s downtowns.
Investors making qualified real property investments greater than $250,000 must apply for a Large Project Reservation no later than 4 p.m. on December 12. Investors making a qualified real property investment between $15,000 and $250,000 may apply on a rolling basis, as long as funding is available.
Learn more about the DDD program and available funding.
Strong Neighborhoods Housing Fund - Notice of Funding Availability
The Delaware State Housing Authority (DSHA) received approximately $5,500,000 from various financial mortgage settlements to maintain the Strong Neighborhoods Housing Fund (SNHF). The SNHF is set up as a revolving fund to be used for the acquisition, renovation, and sale of vacant, abandoned, foreclosed or blighted property throughout the State. The funds are targeted for efforts that:
- Support community development, and/or
- Transform neighborhoods that are experiencing blight or other forms of stress, including high crime
Applications are due to DSHA by 4 p.m. on November 4. Click here to learn more.