A proposed $30 million program to boost affordable housing in unincorporated areas of New Castle County has been announced.
It follows the State of Delaware announcing $26 million in assistance for a home community under construction in Wilmington’s Riverside neighborhood.
New Castle County Executive Matt Meyer will seek County Council support to increase the supply of affordable rental and ownership opportunities by developing a program modeled after existing County processes used annually to award federal Housing and Urban Development funding for the HOME Investment Partnerships Program (HOME) program for building affordable housing.
Meyer was joined in an event announcing the program by members of the state Congressional Delegation. Funds would come from the federal American Rescue Act.
Information on the specific program guidelines will be publicly announced with several opportunities for feedback.
“Too many Delawareans today do not have affordable housing,” said Meyer. “Today, we announced a historic $30 million investment to address this crisis of affordability in New Castle County families. I look forward to working with Council, including the community service co-chairs Penrose Hollins and Lisa Diller to rapidly invest these funds to support those who the housing market has left behind. I want to thank the continued leadership of Senators Tom Carper and Chris Coons and Congresswoman Lisa Blunt Rochester to ensure our local governments receive the key investments to help us build back better.”
“Affordable housing has been the path, is the path, and will continue to be the path for working-class people to reach middle-class,” said New Castle County Councilman and Community Services co-chair Penrose Hollins. “It’s a critical key to neighborhood stabilization and economic equity in New Castle County. Today we’re just affirming and re-affirming our continued commitment to housing affordability and know that it will remain one of the core values of New Castle County government.”