Seven projects statewide will receive $3.2 million from Delaware’s Strong Neighborhoods Housing Fund to address vacant, abandoned or foreclosed properties.
The Strong Neighborhoods Housing Fund is used to support community development, address crime and transform neighborhoods that are experiencing blight or other forms of stress. Through the program, abandoned properties are removed, renovated or replaced and sold to low-income residents who then become homeowners.
This is the third round of funding since the Strong Neighborhoods Housing Fund was launched in 2015. The investment of $3.2 million will leverage an estimated $9.4 million in private or other funding sources and lead to more than 60 new or rehabilitated housing units in Wilmington, New Castle County, Dover, Milford and Georgetown.
“Many of the communities in our state continue to feel the ripple effects of the recession and the foreclosure crisis,” said Gov. John Carney. “The Strong Neighborhoods program provides organizations working in these communities the resources to acquire abandoned properties, renovate or remove them and build beautiful homes in their place. The funding announced today will directly impact families by improving communities and providing increased access to homeownership.”
“These projects will be helping families and individuals who need housing, while strengthening the neighborhoods in which they are located, revitalizing properties that have fallen into disrepair and bringing people back to live in them,” said DSHA Director Ben Addi.
The housing projects chosen for funding in this round are:
- Central Baptist Community Development Corporation (CBCDC): $500,000 to address and rehabilitate 10 vacant properties in the city’s East Side Neighborhood. This project is a joint effort between the CBCDC and Cinnaire Solutions.
- Cinnaire Solutions: $450,000 for acquisition, demolition and new construction of nine long-term vacant properties on the 600 block of W. 8th Street in West Center City. This project is a partnership between Cinnaire and the Delaware Valley Development Company, a long-standing Delaware-based affordable housing developer.
- Wilmington Neighborhood Conservancy Land Bank (WNCLB): $505,000 to acquire and demolish 10 or more vacant properties on the 600 block of N. Jefferson Street in West Center City. This project supports the same neighborhood of vacant properties as the Cinnaire project.
New Castle County
- New Castle County Department of Community Services, $400,000 to continue revitalization efforts along the Route 9 corridor. Funds will be used to purchase and renovate four blighted and vacant homes in the Collins Park community and four additional homes inEdgemoor Gardens.
- NCALL Research, $500,000 to support 10 newly constructed homes in the Restoring Central Dover target area within the Downtown Development District (DDD). This is a partnership between NCALL and Central Delaware Habitat for Humanity.
- Milford Housing Development Corporation (MHDC), $350,000 to support seven newly constructed or rehabbed homes. This work will take place in the neighborhoods surrounding downtown Milford where several DDD projects are already underway.
- Sussex County Habitat for Humanity, $500,000 to identify and acquire 10 properties in the Kimmeytown neighborhood. Two properties will be sold to the MHDC to reconstruct or rehabilitate.
Since the launch of the Strong Neighborhoods Housing Fund in 2015, $11.25 million has been awarded to organizations throughout the state, leveraging an estimated $34.2 million in private and other investment.
The program was initially funded using one-time bank settlement dollars and is now funded with a $3 million allocation in the fiscal 2019 state bond bill. Including the most recent awards, the Strong Neighborhoods Housing Fund has provided resources to remove, renovate, or replace more than 230 blighted properties throughout the state.