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$5.5 million for Strong Neighborhoods Housing projects statewide!

DSHA

Nine projects statewide will receive $5.5 million from Delaware’s Strong Neighborhoods Housing Fund to address vacant, abandoned or foreclosed properties, Governor John Carney announced this week, joined by Delaware State Housing Authority Director Anas Ben Addi and elected officials and community leaders from across Delaware.

 

The second round of the Strong Neighborhoods Housing Fund, funded by bank settlement money, will lead to about 100 new or rehabilitated housing units in Wilmington, New Castle County, Dover, Milford and Laurel. The investment of $5.5 million will leverage an estimated $15 million in private or other funding sources.

 

“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 Anas Ben Addi.

 

The first round of funding from the Strong Neighborhoods Housing Fund was allocated in 2015, with $2.7 million going to build or rehabilitate 68 housing units in Wilmington, Dover and New Castle County. All homes will be sold to families or individuals with incomes at or below 120 percent of the area median income.

 

Patricia Benton, who recently purchased a home in New Castle County’s Garfield Park neighborhood as part of the the first round of SNHF grants, said she is enjoying her new home. “It’s like having a brand new home but in an established community,” she said. “I could not be happier. I love my new home!”

 

DSHA Highlights
Delaware Affordable Housing News and Events
March 14, 2017

 

About HBA of Delaware

HBA/DE has been an integral part of the growth and economic development of the State of Delaware since 1947. HBA/DE was founded as a non-profit state affiliate of the National Association of Home Builders (NAHB) representing home builders and other businesses directly related to Delaware's Home Building Industry. Consisting of Builders, Remodelers and a group of diversified associate members, the Home Builders Association of Delaware strives to protect and preserve housing as a symbol of America. www.hbade.org

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