Downtown districts now eligible for state grants
Downtown districts in Dover, Georgetown, Harrington, Laurel, Milford, Seaford, Smyrna and Wilmington now have a chance to get state funds for property investments.
The Delaware State Housing Authority is accepting applications for its Downtown Development District Program now through December 15. The grant offers up to 20 percent rebates on property investments of more than $250,000.
“The Downtown Development District Program has successfully spurred nearly $450 million in private investment with just $22 million in state funding,” said DSHA Director Anas Ben Addi. “It continues to give a shot in the arm to our downtown communities, providing property owners, business owners and homeowners with an incentive to help keep our downtowns thriving and growing.”
Homeowners, tenants, developers, nonprofit organizations, and businesses may apply. Applicants must complete their project before receiving the rebate.