DSHA Announces DDD Grant Program – $7 Million Available!
Governor Jack Markell and Delaware State Housing Authority (DSHA) Director Anas Ben Addi announced last week the launch of the Downtown Development Districts (DDD) Grant Program. $7 million in DDD Grant funding is now available for investments in recently designated areas of Wilmington, Dover and Seaford that need rehabilitation, expansion or new construction of commercial, industrial, residential (including multi-family), and mixed-use buildings or facilities located within the boundaries of a District.
DSHA has established two funding set-asides for DDD Grant Awards, one for small projects with an investment of less than $250,000, and another for investors of over $250,000. More detailed information on these set-asides is available online at Small Project Set-Aside At-A-Glance and Large Project Set-Aside At-A-Glance.
The DDD Grant Program application is available online. Projects seeking a Large Project reservation must apply by March 20, 2015. Small Project applications will be accepted on an ongoing basis.
If you have any questions regarding the DDD Grant Program, please contact Penny Pierson, Management Analyst II, at (302) 739-0246 or Penny@destatehousing.com.