downtown development district s (ddd) · • downtown development district grant (ddd grant percent...
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After decades of losing residents who moved out to the suburbs, Delaware’s cities and towns have
been working hard to reestablish
thrive. However, poor building conditions, socioeconomic challenges, crime and perception of
safety have made redevelopment a daunting task for both communities and potential investors.
Fortunatel
traditional commercial corridors, compact walkable neighborhoods, parks, and architecturally
beautiful buildings. With strong coordinated effort to
new private
communities
In April of 2014 the General Assembly passed Senate Bill 191, the Downtown Development
Act of 2014 (the Act), which was subsequently signed by Governor Markell on June 5, 2014.
Act created the Downtown Development Districts program
“Central Business District” in selected city, town, and county areas through the use of economic and
other incentives.
• Spur private capital investments in commercial business districts and
• Stimulate job growth and improve the commercial vitality of districts and neighborhoods;
• Help build a stable community of long
• Assist municipalities in strengthening neighborhoods
vibrant downtowns hold for talented people, innovative small businesses, and residents from
all walks of life.
Local governments can take advantage of this program by identifying a
as being des
revitalization of the area
designation as a Downtown Development District
State Planning Coordination
State Planning Issues according to
the quality of the district plan
makes recommendations to the Governor who makes the final designation.
An initial applicatio
applications were recei
Castle County, Newark, Seaford, Smyrna, and Wilmington.
After decades of losing residents who moved out to the suburbs, Delaware’s cities and towns have
been working hard to reestablish
thrive. However, poor building conditions, socioeconomic challenges, crime and perception of
safety have made redevelopment a daunting task for both communities and potential investors.
Fortunately, these same areas have desirable assets, such as designated historic districts,
traditional commercial corridors, compact walkable neighborhoods, parks, and architecturally
eautiful buildings. With strong coordinated effort to
new private investment
communities.
DOWNTOWN DEVELOPMENT DISTRICT
In April of 2014 the General Assembly passed Senate Bill 191, the Downtown Development
Act of 2014 (the Act), which was subsequently signed by Governor Markell on June 5, 2014.
Act created the Downtown Development Districts program
“Central Business District” in selected city, town, and county areas through the use of economic and
other incentives. The purposes of the Act are to:
Spur private capital investments in commercial business districts and
Stimulate job growth and improve the commercial vitality of districts and neighborhoods;
Help build a stable community of long
Assist municipalities in strengthening neighborhoods
vibrant downtowns hold for talented people, innovative small businesses, and residents from
all walks of life.
Local governments can take advantage of this program by identifying a
as being desirable for revitalization
revitalization of the area
designation as a Downtown Development District
State Planning Coordination
State Planning Issues according to
the quality of the district plan
makes recommendations to the Governor who makes the final designation.
An initial application round for designation as a D
applications were recei
Castle County, Newark, Seaford, Smyrna, and Wilmington.
DOWNTOWN DEVELOPMENT DISTRICT
2015 Annual Report
DDD Grant
After decades of losing residents who moved out to the suburbs, Delaware’s cities and towns have
been working hard to reestablish
thrive. However, poor building conditions, socioeconomic challenges, crime and perception of
safety have made redevelopment a daunting task for both communities and potential investors.
y, these same areas have desirable assets, such as designated historic districts,
traditional commercial corridors, compact walkable neighborhoods, parks, and architecturally
eautiful buildings. With strong coordinated effort to
investment and market opportunities
DOWNTOWN DEVELOPMENT DISTRICT
In April of 2014 the General Assembly passed Senate Bill 191, the Downtown Development
Act of 2014 (the Act), which was subsequently signed by Governor Markell on June 5, 2014.
Act created the Downtown Development Districts program
“Central Business District” in selected city, town, and county areas through the use of economic and
The purposes of the Act are to:
Spur private capital investments in commercial business districts and
Stimulate job growth and improve the commercial vitality of districts and neighborhoods;
Help build a stable community of long
Assist municipalities in strengthening neighborhoods
vibrant downtowns hold for talented people, innovative small businesses, and residents from
Local governments can take advantage of this program by identifying a
irable for revitalization
revitalization of the area in accordance with the goals of the Act
designation as a Downtown Development District
State Planning Coordination. The applications are
State Planning Issues according to
the quality of the district plan (30%) and the local incentives (20%).
makes recommendations to the Governor who makes the final designation.
n round for designation as a D
applications were received from nine local governments: Clayton, Dover, Middletown, Milford, New
Castle County, Newark, Seaford, Smyrna, and Wilmington.
DOWNTOWN DEVELOPMENT DISTRICT
Annual Report
DDD Grant Program
INTRODUCTION
After decades of losing residents who moved out to the suburbs, Delaware’s cities and towns have
been working hard to reestablish their downtowns as places where people can live, work, and
thrive. However, poor building conditions, socioeconomic challenges, crime and perception of
safety have made redevelopment a daunting task for both communities and potential investors.
y, these same areas have desirable assets, such as designated historic districts,
traditional commercial corridors, compact walkable neighborhoods, parks, and architecturally
eautiful buildings. With strong coordinated effort to
and market opportunities
DOWNTOWN DEVELOPMENT DISTRICT
In April of 2014 the General Assembly passed Senate Bill 191, the Downtown Development
Act of 2014 (the Act), which was subsequently signed by Governor Markell on June 5, 2014.
Act created the Downtown Development Districts program
“Central Business District” in selected city, town, and county areas through the use of economic and
The purposes of the Act are to:
Spur private capital investments in commercial business districts and
Stimulate job growth and improve the commercial vitality of districts and neighborhoods;
Help build a stable community of long-term residents by improving housing opportunities; and,
Assist municipalities in strengthening neighborhoods
vibrant downtowns hold for talented people, innovative small businesses, and residents from
Local governments can take advantage of this program by identifying a
irable for revitalization and then developing a
in accordance with the goals of the Act
designation as a Downtown Development District
. The applications are
State Planning Issues according to three criteria, as specified in the Act: the need and impact (50%),
(30%) and the local incentives (20%).
makes recommendations to the Governor who makes the final designation.
n round for designation as a D
ved from nine local governments: Clayton, Dover, Middletown, Milford, New
Castle County, Newark, Seaford, Smyrna, and Wilmington.
1
DOWNTOWN DEVELOPMENT DISTRICT
Annual Report
Program
INTRODUCTION
After decades of losing residents who moved out to the suburbs, Delaware’s cities and towns have
their downtowns as places where people can live, work, and
thrive. However, poor building conditions, socioeconomic challenges, crime and perception of
safety have made redevelopment a daunting task for both communities and potential investors.
y, these same areas have desirable assets, such as designated historic districts,
traditional commercial corridors, compact walkable neighborhoods, parks, and architecturally
eautiful buildings. With strong coordinated effort to overcom
and market opportunities can be shifted back to the heart of Delaware’s
DOWNTOWN DEVELOPMENT DISTRICT
In April of 2014 the General Assembly passed Senate Bill 191, the Downtown Development
Act of 2014 (the Act), which was subsequently signed by Governor Markell on June 5, 2014.
Act created the Downtown Development Districts program
“Central Business District” in selected city, town, and county areas through the use of economic and
The purposes of the Act are to:
Spur private capital investments in commercial business districts and
Stimulate job growth and improve the commercial vitality of districts and neighborhoods;
term residents by improving housing opportunities; and,
Assist municipalities in strengthening neighborhoods while harnessing the attraction that
vibrant downtowns hold for talented people, innovative small businesses, and residents from
Local governments can take advantage of this program by identifying a
developing a
in accordance with the goals of the Act
designation as a Downtown Development District (DDD or District
. The applications are then evaluated
three criteria, as specified in the Act: the need and impact (50%),
(30%) and the local incentives (20%).
makes recommendations to the Governor who makes the final designation.
n round for designation as a DDD was held in the fall of 2014. Completed
ved from nine local governments: Clayton, Dover, Middletown, Milford, New
Castle County, Newark, Seaford, Smyrna, and Wilmington.
DOWNTOWN DEVELOPMENT DISTRICT
INTRODUCTION
After decades of losing residents who moved out to the suburbs, Delaware’s cities and towns have
their downtowns as places where people can live, work, and
thrive. However, poor building conditions, socioeconomic challenges, crime and perception of
safety have made redevelopment a daunting task for both communities and potential investors.
y, these same areas have desirable assets, such as designated historic districts,
traditional commercial corridors, compact walkable neighborhoods, parks, and architecturally
overcome these
can be shifted back to the heart of Delaware’s
DOWNTOWN DEVELOPMENT DISTRICT PROGRAM
In April of 2014 the General Assembly passed Senate Bill 191, the Downtown Development
Act of 2014 (the Act), which was subsequently signed by Governor Markell on June 5, 2014.
Act created the Downtown Development Districts program which seeks to revitalize the downtown
“Central Business District” in selected city, town, and county areas through the use of economic and
Spur private capital investments in commercial business districts and
Stimulate job growth and improve the commercial vitality of districts and neighborhoods;
term residents by improving housing opportunities; and,
while harnessing the attraction that
vibrant downtowns hold for talented people, innovative small businesses, and residents from
Local governments can take advantage of this program by identifying a
developing a district plan and incentives to support
in accordance with the goals of the Act. The application process for
or District) is fac
evaluated by the Cabinet Committee on
three criteria, as specified in the Act: the need and impact (50%),
(30%) and the local incentives (20%). The Cabinet Committee then
makes recommendations to the Governor who makes the final designation.
D was held in the fall of 2014. Completed
ved from nine local governments: Clayton, Dover, Middletown, Milford, New
DOWNTOWN DEVELOPMENT DISTRICT
After decades of losing residents who moved out to the suburbs, Delaware’s cities and towns have
their downtowns as places where people can live, work, and
thrive. However, poor building conditions, socioeconomic challenges, crime and perception of
safety have made redevelopment a daunting task for both communities and potential investors.
y, these same areas have desirable assets, such as designated historic districts,
traditional commercial corridors, compact walkable neighborhoods, parks, and architecturally
barriers to develop
can be shifted back to the heart of Delaware’s
PROGRAM OVERVIEW
In April of 2014 the General Assembly passed Senate Bill 191, the Downtown Development
Act of 2014 (the Act), which was subsequently signed by Governor Markell on June 5, 2014.
seeks to revitalize the downtown
“Central Business District” in selected city, town, and county areas through the use of economic and
Spur private capital investments in commercial business districts and other neighborhoods;
Stimulate job growth and improve the commercial vitality of districts and neighborhoods;
term residents by improving housing opportunities; and,
while harnessing the attraction that
vibrant downtowns hold for talented people, innovative small businesses, and residents from
Local governments can take advantage of this program by identifying an area in their
lan and incentives to support
The application process for
facilitated by the Office of
by the Cabinet Committee on
three criteria, as specified in the Act: the need and impact (50%),
The Cabinet Committee then
makes recommendations to the Governor who makes the final designation.
D was held in the fall of 2014. Completed
ved from nine local governments: Clayton, Dover, Middletown, Milford, New
DOWNTOWN DEVELOPMENT DISTRICTS (DDD)
After decades of losing residents who moved out to the suburbs, Delaware’s cities and towns have
their downtowns as places where people can live, work, and
thrive. However, poor building conditions, socioeconomic challenges, crime and perception of
safety have made redevelopment a daunting task for both communities and potential investors.
y, these same areas have desirable assets, such as designated historic districts,
traditional commercial corridors, compact walkable neighborhoods, parks, and architecturally
development,
can be shifted back to the heart of Delaware’s
OVERVIEW
In April of 2014 the General Assembly passed Senate Bill 191, the Downtown Development Districts
Act of 2014 (the Act), which was subsequently signed by Governor Markell on June 5, 2014. This
seeks to revitalize the downtown
“Central Business District” in selected city, town, and county areas through the use of economic and
other neighborhoods;
Stimulate job growth and improve the commercial vitality of districts and neighborhoods;
term residents by improving housing opportunities; and,
while harnessing the attraction that
vibrant downtowns hold for talented people, innovative small businesses, and residents from
n area in their downtown
lan and incentives to support
The application process for
ilitated by the Office of
by the Cabinet Committee on
three criteria, as specified in the Act: the need and impact (50%),
The Cabinet Committee then
D was held in the fall of 2014. Completed
ved from nine local governments: Clayton, Dover, Middletown, Milford, New
(DDD)
After decades of losing residents who moved out to the suburbs, Delaware’s cities and towns have
thrive. However, poor building conditions, socioeconomic challenges, crime and perception of
safety have made redevelopment a daunting task for both communities and potential investors.
traditional commercial corridors, compact walkable neighborhoods, parks, and architecturally
ment,
can be shifted back to the heart of Delaware’s
Districts
This
seeks to revitalize the downtown
“Central Business District” in selected city, town, and county areas through the use of economic and
other neighborhoods;
term residents by improving housing opportunities; and,
vibrant downtowns hold for talented people, innovative small businesses, and residents from
owntowns
lan and incentives to support
ilitated by the Office of
by the Cabinet Committee on
three criteria, as specified in the Act: the need and impact (50%),
The Cabinet Committee then
ved from nine local governments: Clayton, Dover, Middletown, Milford, New
While many of the applications were very good, the high level of need demonstrated by three
municipalities distinguished thei
In January 2015, Governor Markell announced the first three DDDs: Dover, Seaford, and
Wilmington. Additional Districts can
Districts is limited to 15 at any one time.
can consider up to two five
Selection as a DDD entitles
residential, and mixed
and local incentives as well as a host of other benefits
• Downtown Development District Grant (DDD Grant
percent
Authority.
• Historic Preservation Tax Credits
allocation of Historic Preservation Tax Credits to be reserved for projects within a District.
• Municipal Incentives:
District within its jurisdiction and to the identified projects in the District Plan. Examples of
municipal incentives include, but are not limited to:
� reduction or waiver in fees or taxes
� permit process reform
� spec
� façade improvement grants
The DDD Grant Program award
Qualified Real Property Investments (QRPI) within the boundaries of a designated District and in
conformance with the District Plan.
expansion
or mixed
To qualify for a DDD
(MQIT) of
Investors making QRPIs are entitled to a D
excess of the MQIT up to $500,000 per building or facility. D
calculated at a lower
The DDD
period starting with the year in which a grant is first awarded or reserved.
PROGRAM DESIGN
Delaware was fortunate to have the highly successful Virginia
Enterprise Zon
DDD program for Delaware.
outreach to various stakeholde
considerations for De
While many of the applications were very good, the high level of need demonstrated by three
municipalities distinguished thei
In January 2015, Governor Markell announced the first three DDDs: Dover, Seaford, and
ngton. Additional Districts can
Districts is limited to 15 at any one time.
can consider up to two five
Selection as a DDD entitles
residential, and mixed
and local incentives as well as a host of other benefits
Downtown Development District Grant (DDD Grant
percent grant of capital construction costs and is administered by the Delaware S
Authority.
Historic Preservation Tax Credits
allocation of Historic Preservation Tax Credits to be reserved for projects within a District.
Municipal Incentives:
District within its jurisdiction and to the identified projects in the District Plan. Examples of
municipal incentives include, but are not limited to:
reduction or waiver in fees or taxes
permit process reform
special zoning districts or exemptions from local ordinances
façade improvement grants
he DDD Grant Program award
Qualified Real Property Investments (QRPI) within the boundaries of a designated District and in
conformance with the District Plan.
expansion, or new construction
mixed-use buildings or facilities
To qualify for a DDD Grant, an Investor must
(MQIT) of $15,000 or
Investors making QRPIs are entitled to a D
excess of the MQIT up to $500,000 per building or facility. D
calculated at a lower rate up to an additional
Grant is limited to $1,000,000 per building or facility within a five
period starting with the year in which a grant is first awarded or reserved.
PROGRAM DESIGN
Delaware was fortunate to have the highly successful Virginia
Enterprise Zone program as a starting point when structuring the
DDD program for Delaware.
outreach to various stakeholde
considerations for De
While many of the applications were very good, the high level of need demonstrated by three
municipalities distinguished their applications.
In January 2015, Governor Markell announced the first three DDDs: Dover, Seaford, and
ngton. Additional Districts can
Districts is limited to 15 at any one time.
can consider up to two five-year extensions.
Selection as a DDD entitles businesses and investors who invest in commercial, industrial,
residential, and mixed-used buildings or facilities located
and local incentives as well as a host of other benefits
Downtown Development District Grant (DDD Grant
capital construction costs and is administered by the Delaware S
Historic Preservation Tax Credits
allocation of Historic Preservation Tax Credits to be reserved for projects within a District.
Municipal Incentives: Each municipality implement
District within its jurisdiction and to the identified projects in the District Plan. Examples of
municipal incentives include, but are not limited to:
reduction or waiver in fees or taxes
permit process reform
ial zoning districts or exemptions from local ordinances
façade improvement grants
he DDD Grant Program awards grants to Qualified District Investors (Investors) who make
Qualified Real Property Investments (QRPI) within the boundaries of a designated District and in
conformance with the District Plan.
new construction
ildings or facilities
Grant, an Investor must
$15,000 or $25,000, depending on size of investment
Investors making QRPIs are entitled to a D
excess of the MQIT up to $500,000 per building or facility. D
rate up to an additional
Grant is limited to $1,000,000 per building or facility within a five
period starting with the year in which a grant is first awarded or reserved.
Delaware was fortunate to have the highly successful Virginia
e program as a starting point when structuring the
DDD program for Delaware. From there, DSHA con
outreach to various stakeholder groups to
considerations for Delaware’s program
While many of the applications were very good, the high level of need demonstrated by three
r applications.
In January 2015, Governor Markell announced the first three DDDs: Dover, Seaford, and
ngton. Additional Districts can be designated in future program years.
Districts is limited to 15 at any one time. District
year extensions.
businesses and investors who invest in commercial, industrial,
used buildings or facilities located
and local incentives as well as a host of other benefits
Downtown Development District Grant (DDD Grant
capital construction costs and is administered by the Delaware S
Historic Preservation Tax Credits: The Act allocates 30 percent of the State’s yearly
allocation of Historic Preservation Tax Credits to be reserved for projects within a District.
Each municipality implement
District within its jurisdiction and to the identified projects in the District Plan. Examples of
municipal incentives include, but are not limited to:
reduction or waiver in fees or taxes
ial zoning districts or exemptions from local ordinances
façade improvement grants
DDD GRANT SUMMARY
grants to Qualified District Investors (Investors) who make
Qualified Real Property Investments (QRPI) within the boundaries of a designated District and in
conformance with the District Plan. The investment
new construction of commercia
ildings or facilities.
Grant, an Investor must first
, depending on size of investment
Investors making QRPIs are entitled to a DDD
excess of the MQIT up to $500,000 per building or facility. D
rate up to an additional $500,000 for a maximum DDD
Grant is limited to $1,000,000 per building or facility within a five
period starting with the year in which a grant is first awarded or reserved.
Delaware was fortunate to have the highly successful Virginia
e program as a starting point when structuring the
From there, DSHA con
r groups to identify important
program. The following
2
While many of the applications were very good, the high level of need demonstrated by three
r applications.
In January 2015, Governor Markell announced the first three DDDs: Dover, Seaford, and
be designated in future program years.
District designations last for 10 years, and the Committee
businesses and investors who invest in commercial, industrial,
used buildings or facilities located within d
and local incentives as well as a host of other benefits.
Downtown Development District Grant (DDD Grant
capital construction costs and is administered by the Delaware S
: The Act allocates 30 percent of the State’s yearly
allocation of Historic Preservation Tax Credits to be reserved for projects within a District.
Each municipality implements
District within its jurisdiction and to the identified projects in the District Plan. Examples of
municipal incentives include, but are not limited to:
ial zoning districts or exemptions from local ordinances
DDD GRANT SUMMARY
grants to Qualified District Investors (Investors) who make
Qualified Real Property Investments (QRPI) within the boundaries of a designated District and in
The investment must be
commercial, industrial
first meet a Minimum Qualified Investment Threshold
, depending on size of investment
Grant in an amount of 20 percent of the QRPI in
excess of the MQIT up to $500,000 per building or facility. D
$500,000 for a maximum DDD
Grant is limited to $1,000,000 per building or facility within a five
period starting with the year in which a grant is first awarded or reserved.
Delaware was fortunate to have the highly successful Virginia
e program as a starting point when structuring the
From there, DSHA conducted extensive
identify important
The following is a summary
While many of the applications were very good, the high level of need demonstrated by three
In January 2015, Governor Markell announced the first three DDDs: Dover, Seaford, and
be designated in future program years.
designations last for 10 years, and the Committee
businesses and investors who invest in commercial, industrial,
within designated DDD
Downtown Development District Grant (DDD Grant): The DDD Grant
capital construction costs and is administered by the Delaware S
: The Act allocates 30 percent of the State’s yearly
allocation of Historic Preservation Tax Credits to be reserved for projects within a District.
s incentives specific to the designated
District within its jurisdiction and to the identified projects in the District Plan. Examples of
ial zoning districts or exemptions from local ordinances
DDD GRANT SUMMARY
grants to Qualified District Investors (Investors) who make
Qualified Real Property Investments (QRPI) within the boundaries of a designated District and in
be necessary for the
industrial, residential
meet a Minimum Qualified Investment Threshold
, depending on size of investment.
Grant in an amount of 20 percent of the QRPI in
excess of the MQIT up to $500,000 per building or facility. DDD Grants in excess of $500,000 are
$500,000 for a maximum DDD
Grant is limited to $1,000,000 per building or facility within a five
period starting with the year in which a grant is first awarded or reserved.
Delaware was fortunate to have the highly successful Virginia
e program as a starting point when structuring the
ducted extensive
identify important
is a summary:
While many of the applications were very good, the high level of need demonstrated by three
In January 2015, Governor Markell announced the first three DDDs: Dover, Seaford, and
be designated in future program years. The number of
designations last for 10 years, and the Committee
businesses and investors who invest in commercial, industrial,
esignated DDDs access
): The DDD Grant provides
capital construction costs and is administered by the Delaware S
: The Act allocates 30 percent of the State’s yearly
allocation of Historic Preservation Tax Credits to be reserved for projects within a District.
incentives specific to the designated
District within its jurisdiction and to the identified projects in the District Plan. Examples of
grants to Qualified District Investors (Investors) who make
Qualified Real Property Investments (QRPI) within the boundaries of a designated District and in
necessary for the rehabilitation
residential (including multi
meet a Minimum Qualified Investment Threshold
Grant in an amount of 20 percent of the QRPI in
ts in excess of $500,000 are
$500,000 for a maximum DDD Grant of $1,000,000.
Grant is limited to $1,000,000 per building or facility within a five-consecutive
period starting with the year in which a grant is first awarded or reserved.
A key component of the
DDD Grant program is
funds are awarded only
after successful project
completion
While many of the applications were very good, the high level of need demonstrated by three
In January 2015, Governor Markell announced the first three DDDs: Dover, Seaford, and
The number of
designations last for 10 years, and the Committee
businesses and investors who invest in commercial, industrial,
s access to state
provides up to a 20
capital construction costs and is administered by the Delaware State Housing
: The Act allocates 30 percent of the State’s yearly
allocation of Historic Preservation Tax Credits to be reserved for projects within a District.
incentives specific to the designated
District within its jurisdiction and to the identified projects in the District Plan. Examples of
grants to Qualified District Investors (Investors) who make
Qualified Real Property Investments (QRPI) within the boundaries of a designated District and in
rehabilitation,
(including multi-family),
meet a Minimum Qualified Investment Threshold
Grant in an amount of 20 percent of the QRPI in
ts in excess of $500,000 are
Grant of $1,000,000.
consecutive-year
A key component of the
DDD Grant program is
funds are awarded only
successful project
completion.
designations last for 10 years, and the Committee
to state
20
tate Housing
incentives specific to the designated
District within its jurisdiction and to the identified projects in the District Plan. Examples of
Qualified Real Property Investments (QRPI) within the boundaries of a designated District and in
,
family),
meet a Minimum Qualified Investment Threshold
ts in excess of $500,000 are
Grant of $1,000,000.
A key component of the
DDD Grant program is
funds are awarded only
successful project
• Concern abou
• A variety of diverse projects are needed to reinvigorate distressed areas.
• Small investors
investors.
• Provide
• Ensure that investors in all DDDs have reasonable access to
• Provide incentives to projects that best meet local and state priorities.
As a result, the following components were
projects throughout the State and ensure State funds are used effectively and efficiently.
Reservation Process
A Reservation process was created to give Investors assurance that their project will be
once complete.
and a Lite
Flexibility and
Great effort was taken to incorporate flexibility in regard to eligibility of projects and applicants.
However
• The project
• The project
• The QRPI
• The Investor must demonstrate site control.
Small and Large Project Set
To ensure a variety of project
Small Project Set
• This set
with the complexities of larger scale projects.
receive from the Sm
on a capped QRPI (minus the MQIT
associated with a building or facility. Small Project
long as funding is available.
Large Project Set
• The maximum
$1,000,000 per building or facility.
for a DDD Grant
once per y
District Pool:
funding,
Pool. District allocations are based on the population of each District.
oncern about proceeding in hard
A variety of diverse projects are needed to reinvigorate distressed areas.
mall investors may not access the program if it is too complex
investors.
Provide flexibility and ease of use
Ensure that investors in all DDDs have reasonable access to
Provide incentives to projects that best meet local and state priorities.
As a result, the following components were
projects throughout the State and ensure State funds are used effectively and efficiently.
Reservation Process
A Reservation process was created to give Investors assurance that their project will be
once complete. A Reservation is required for Investors applying for the Large Project Set
and a Lite-Reservation is an option for Investors accessing the Small Project Set
Flexibility and Threshold Requirements
Great effort was taken to incorporate flexibility in regard to eligibility of projects and applicants.
However, there are four threshold requirements that must be met:
project must be made within the boundaries of a designated DDD.
The project must be
The QRPI must be in
The Investor must demonstrate site control.
Small and Large Project Set
To ensure a variety of project
Small Project Set-Aside
This set-aside is intended for Investors who may only use the program once, or are not familiar
with the complexities of larger scale projects.
receive from the Sm
on a capped QRPI (minus the MQIT
associated with a building or facility. Small Project
long as funding is available.
Project Set-Aside
The maximum DDD
$1,000,000 per building or facility.
for a DDD Grant from this
ce per year; however, DSHA can offer additional application rounds.
District Pool:
funding, the Large Project Set
Pool. District allocations are based on the population of each District.
t proceeding in hard
A variety of diverse projects are needed to reinvigorate distressed areas.
may not access the program if it is too complex
flexibility and ease of use
Ensure that investors in all DDDs have reasonable access to
Provide incentives to projects that best meet local and state priorities.
As a result, the following components were
projects throughout the State and ensure State funds are used effectively and efficiently.
Reservation Process
A Reservation process was created to give Investors assurance that their project will be
A Reservation is required for Investors applying for the Large Project Set
Reservation is an option for Investors accessing the Small Project Set
Threshold Requirements
Great effort was taken to incorporate flexibility in regard to eligibility of projects and applicants.
here are four threshold requirements that must be met:
must be made within the boundaries of a designated DDD.
must be in conformance with the District Plan.
must be in excess of the required
The Investor must demonstrate site control.
Small and Large Project Set-Asides
To ensure a variety of projects, DSHA establishe
Aside
aside is intended for Investors who may only use the program once, or are not familiar
with the complexities of larger scale projects.
receive from the Small Project Set
on a capped QRPI (minus the MQIT
associated with a building or facility. Small Project
long as funding is available.
Aside
DDD Grant award an
$1,000,000 per building or facility.
from this set-
owever, DSHA can offer additional application rounds.
To ensure that Investors from
the Large Project Set
Pool. District allocations are based on the population of each District.
t proceeding in hard-to-develop areas without assurance
A variety of diverse projects are needed to reinvigorate distressed areas.
may not access the program if it is too complex
flexibility and ease of use to the greatest extent possible
Ensure that investors in all DDDs have reasonable access to
Provide incentives to projects that best meet local and state priorities.
As a result, the following components were incorporated into the program to su
projects throughout the State and ensure State funds are used effectively and efficiently.
A Reservation process was created to give Investors assurance that their project will be
A Reservation is required for Investors applying for the Large Project Set
Reservation is an option for Investors accessing the Small Project Set
Threshold Requirements
Great effort was taken to incorporate flexibility in regard to eligibility of projects and applicants.
here are four threshold requirements that must be met:
must be made within the boundaries of a designated DDD.
in conformance with the District Plan.
of the required
The Investor must demonstrate site control.
Asides
DSHA establishe
aside is intended for Investors who may only use the program once, or are not familiar
with the complexities of larger scale projects.
all Project Set-Aside is
on a capped QRPI (minus the MQIT of $15,000
associated with a building or facility. Small Project
Grant award an Investor
$1,000,000 per building or facility. An Investor must apply for a Reservation
-aside. Applications for Large Project Reservations are accepted
owever, DSHA can offer additional application rounds.
hat Investors from
the Large Project Set-Aside is further divided into a General Pool and a District
Pool. District allocations are based on the population of each District.
3
develop areas without assurance
A variety of diverse projects are needed to reinvigorate distressed areas.
may not access the program if it is too complex
to the greatest extent possible
Ensure that investors in all DDDs have reasonable access to
Provide incentives to projects that best meet local and state priorities.
incorporated into the program to su
projects throughout the State and ensure State funds are used effectively and efficiently.
A Reservation process was created to give Investors assurance that their project will be
A Reservation is required for Investors applying for the Large Project Set
Reservation is an option for Investors accessing the Small Project Set
Great effort was taken to incorporate flexibility in regard to eligibility of projects and applicants.
here are four threshold requirements that must be met:
must be made within the boundaries of a designated DDD.
in conformance with the District Plan.
of the required MQIT ($15,000 for Small; $25,000 for Large)
The Investor must demonstrate site control.
DSHA established two funding set
aside is intended for Investors who may only use the program once, or are not familiar
with the complexities of larger scale projects. The maximum DDD Grant award an
Aside is $50,000 per building or facility. This award is based
of $15,000) of $250,000 regardless of the actual QRPI
associated with a building or facility. Small Project Investors can apply throughout the year,
nvestor can receive from the Large Project Set
An Investor must apply for a Reservation
Applications for Large Project Reservations are accepted
owever, DSHA can offer additional application rounds.
hat Investors from all Districts have reasonable access to DDD
Aside is further divided into a General Pool and a District
Pool. District allocations are based on the population of each District.
develop areas without assurance
A variety of diverse projects are needed to reinvigorate distressed areas.
may not access the program if it is too complex or if compet
to the greatest extent possible.
Ensure that investors in all DDDs have reasonable access to funds.
Provide incentives to projects that best meet local and state priorities.
incorporated into the program to su
projects throughout the State and ensure State funds are used effectively and efficiently.
A Reservation process was created to give Investors assurance that their project will be
A Reservation is required for Investors applying for the Large Project Set
Reservation is an option for Investors accessing the Small Project Set
Great effort was taken to incorporate flexibility in regard to eligibility of projects and applicants.
here are four threshold requirements that must be met:
must be made within the boundaries of a designated DDD.
in conformance with the District Plan.
MQIT ($15,000 for Small; $25,000 for Large)
d two funding set-asides for D
aside is intended for Investors who may only use the program once, or are not familiar
The maximum DDD Grant award an
$50,000 per building or facility. This award is based
) of $250,000 regardless of the actual QRPI
Investors can apply throughout the year,
receive from the Large Project Set
An Investor must apply for a Reservation
Applications for Large Project Reservations are accepted
owever, DSHA can offer additional application rounds.
all Districts have reasonable access to DDD
Aside is further divided into a General Pool and a District
Pool. District allocations are based on the population of each District.
develop areas without assurance of funds
A variety of diverse projects are needed to reinvigorate distressed areas.
or if competing
Provide incentives to projects that best meet local and state priorities.
incorporated into the program to support a variety of
projects throughout the State and ensure State funds are used effectively and efficiently.
A Reservation process was created to give Investors assurance that their project will be
A Reservation is required for Investors applying for the Large Project Set
Reservation is an option for Investors accessing the Small Project Set-Aside.
Great effort was taken to incorporate flexibility in regard to eligibility of projects and applicants.
must be made within the boundaries of a designated DDD.
MQIT ($15,000 for Small; $25,000 for Large)
asides for DDD Grant awards.
aside is intended for Investors who may only use the program once, or are not familiar
The maximum DDD Grant award an
$50,000 per building or facility. This award is based
) of $250,000 regardless of the actual QRPI
Investors can apply throughout the year,
receive from the Large Project Set
An Investor must apply for a Reservation to
Applications for Large Project Reservations are accepted
owever, DSHA can offer additional application rounds.
all Districts have reasonable access to DDD
Aside is further divided into a General Pool and a District
Pool. District allocations are based on the population of each District.
s.
ing with large
pport a variety of
projects throughout the State and ensure State funds are used effectively and efficiently.
A Reservation process was created to give Investors assurance that their project will be funded
A Reservation is required for Investors applying for the Large Project Set-Aside
Aside.
Great effort was taken to incorporate flexibility in regard to eligibility of projects and applicants.
MQIT ($15,000 for Small; $25,000 for Large).
Grant awards.
aside is intended for Investors who may only use the program once, or are not familiar
The maximum DDD Grant award an Investor can
$50,000 per building or facility. This award is based
) of $250,000 regardless of the actual QRPI
Investors can apply throughout the year,
receive from the Large Project Set-Aside is
to be considered
Applications for Large Project Reservations are accepted
all Districts have reasonable access to DDD
Aside is further divided into a General Pool and a District
pport a variety of
funded
Aside
Great effort was taken to incorporate flexibility in regard to eligibility of projects and applicants.
Grant awards.
aside is intended for Investors who may only use the program once, or are not familiar
Investor can
$50,000 per building or facility. This award is based
Investors can apply throughout the year, as
Aside is
be considered
Applications for Large Project Reservations are accepted
Priority Consideration
In cases where Reservation requests
highest quality projects would receive a DDD Grant. This is done by giving projects priority
consideration when they meet additional state and local community
were developed in collaboration with local governments with DDDs.
• Identified as a Priority Project in District Plan
• Readiness to proceed
• Creates permanent jobs
• Provides mixed
• Expands housing opportunities
• Protects historic resources
• Actively reuses existing structures
• Promotes sustainable practices.
iority Consideration
In cases where Reservation requests
highest quality projects would receive a DDD Grant. This is done by giving projects priority
consideration when they meet additional state and local community
were developed in collaboration with local governments with DDDs.
Identified as a Priority Project in District Plan
Readiness to proceed
Creates permanent jobs
Provides mixed-use development
Expands housing opportunities
ects historic resources
Actively reuses existing structures
Promotes sustainable practices.
The historic Priscilla Block building, at a key intersection in downtown Dover,
received a Large Grant Reservation that will result in mixed
office space, retail, restaurant, and apartments.
iority Consideration
In cases where Reservation requests
highest quality projects would receive a DDD Grant. This is done by giving projects priority
consideration when they meet additional state and local community
were developed in collaboration with local governments with DDDs.
Identified as a Priority Project in District Plan
Readiness to proceed
Creates permanent jobs
use development
Expands housing opportunities
ects historic resources
Actively reuses existing structures
Promotes sustainable practices.
The historic Priscilla Block building, at a key intersection in downtown Dover,
received a Large Grant Reservation that will result in mixed
office space, retail, restaurant, and apartments.
In cases where Reservation requests exceed the funding available,
highest quality projects would receive a DDD Grant. This is done by giving projects priority
consideration when they meet additional state and local community
were developed in collaboration with local governments with DDDs.
Identified as a Priority Project in District Plan
use development
Expands housing opportunities
Actively reuses existing structures
Promotes sustainable practices.
The historic Priscilla Block building, at a key intersection in downtown Dover,
received a Large Grant Reservation that will result in mixed
office space, retail, restaurant, and apartments.
4
the funding available,
highest quality projects would receive a DDD Grant. This is done by giving projects priority
consideration when they meet additional state and local community
were developed in collaboration with local governments with DDDs.
Identified as a Priority Project in District Plan
The historic Priscilla Block building, at a key intersection in downtown Dover,
received a Large Grant Reservation that will result in mixed
office space, retail, restaurant, and apartments.
the funding available, DSHA
highest quality projects would receive a DDD Grant. This is done by giving projects priority
consideration when they meet additional state and local community objectives.
were developed in collaboration with local governments with DDDs.
The historic Priscilla Block building, at a key intersection in downtown Dover,
received a Large Grant Reservation that will result in mixed
office space, retail, restaurant, and apartments.
DSHA wanted to ensure that the
highest quality projects would receive a DDD Grant. This is done by giving projects priority
objectives. These priorities
The historic Priscilla Block building, at a key intersection in downtown Dover,
received a Large Grant Reservation that will result in mixed-use commercial
wanted to ensure that the
highest quality projects would receive a DDD Grant. This is done by giving projects priority
These priorities
The historic Priscilla Block building, at a key intersection in downtown Dover,
use commercial
wanted to ensure that the
These priorities
5
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Dover Seaford Wilmington Total
Other Investments $985,822 $10,742,235 $97,107,374 $108,835,431
DDD Funds $164,068 $671,000 $4,806,137 $5,641,205
Private Investment Leverage
% o
f T
ota
l D
ev
elo
pm
en
t C
ost
s
(TD
C)
FISCAL YEAR 2015
When the DDD Act was enacted, the initial allocation was $7 million to fund and administer the
DDD Grant program. These funds were divided into the following categories:
TOTAL ALLOCATION: $7,000,000
Administration* $350,000
SMALL Project Set-Aside $1,000,000
LARGE Project Set-Aside $5,650,000
* Represents 5 percent to DSHA for administration.
LARGE PROJECTS SET-ASIDE
In April, the recipients of the inaugural round of DDD Grants were announced for Large Projects. A
total of 13 projects in the three DDDs were selected to receive $5.6 million. While the intent of the
DDD program is to leverage private investment, the demand for the funds and extent to which
private investment is leveraged through this program is impressive. Sixteen applications were
received requesting nearly $8 million in funding. In addition, this initial $5.6 reservation will
leverage more than $114 million dollars – in other words for every state DDD dollar invested, it is
anticipated to be met with $20 in private investment.
Total Development Costs $1,149,890 $11,413,235 $101,913,511 $114,476,636
The District Pool ensures that each District has fair access to grant funds. From the applications
received in the first round, the majority of funds were awarded to projects located in Wilmington.
Those funds will leverage over $101 million dollars.
The projects that received a Reservation reflect a broad range of activities. Residential
development received the largest Reservation amount with $2.26 million and represents a wide
range of housing opportunities: single-family homes intended for homeownership; rental
apartments above small
Applications for mixed
million dollars. Approximately 75 percent
existing buildings.
projects.
and project descriptions.
DISTRICT/INVESTOR
Dover
Central Delaware Habitat for
Humanity
G & J Holdings, LLC
Seaford
The Residences at River Place, LLC
Wilmington
608 Market LLC
627 Market LLC
Connections CSP
Delmar Affordable Housing Partners
Historical Society of Delaware
Market Street Village LLC
Midtown Parking
Sacred Heart Village II
STM II
Wilmington Housing Partnership
Grand Total
apartments above small
lications for mixed
million dollars. Approximately 75 percent
existing buildings. The following
Additional information is then detailed in the next two tables by District, Investor, costs,
and project descriptions.
DISTRICT/INVESTOR
Central Delaware Habitat for
Humanity
G & J Holdings, LLC
The Residences at River Place, LLC
Wilmington
608 Market LLC
627 Market LLC
Connections CSP
Delmar Affordable Housing Partners
Historical Society of Delaware
Market Street Village LLC
Midtown Parking LLC
Sacred Heart Village II
Wilmington Housing Partnership
Grand Total
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
apartments above small-scale retail; and both market rate and affordable rental apartment units.
lications for mixed-use projects
million dollars. Approximately 75 percent
The following chart
Additional information is then detailed in the next two tables by District, Investor, costs,
and project descriptions.
DISTRICT/INVESTOR
Central Delaware Habitat for
The Residences at River Place, LLC
Delmar Affordable Housing Partners
Historical Society of Delaware
Market Street Village LLC
Wilmington Housing Partnership
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
Rehabilitation
DDD Funds by Type and Use
Commercial
scale retail; and both market rate and affordable rental apartment units.
projects received the next largest Reservation award with
million dollars. Approximately 75 percent of all mixed use project will involve the rehabilitation of
chart is a summary of
Additional information is then detailed in the next two tables by District, Investor, costs,
APPLICATIONTOTAL DEV.
$
$
$101
$11,851,171
$29,122,842
$
$1
Rehabilitation
DDD Funds by Type and Use
Commercial
6
scale retail; and both market rate and affordable rental apartment units.
received the next largest Reservation award with
of all mixed use project will involve the rehabilitation of
is a summary of Reservations awarded by type and use of
Additional information is then detailed in the next two tables by District, Investor, costs,
LICATION EV. COSTS
$1,149,890
$680,300
$469,590
$11,413,235
$11,413,235
$101,913,511
$7,698,809
$11,851,171
$3,874,784
$6,310,671
$6,800,000
$29,122,842
$25,922,644
$8,071,166
$327,205
$1,934,219
$114,476,636
New Construction
DDD Funds by Type and Use
Mixed Use
scale retail; and both market rate and affordable rental apartment units.
received the next largest Reservation award with
of all mixed use project will involve the rehabilitation of
eservations awarded by type and use of
Additional information is then detailed in the next two tables by District, Investor, costs,
APPLICATIONQRPI
$820,340
$375,750
$444,590
$9,089,846
$9,089,846
$55,
$3,977,003
$5,743,135
$1,557,530
$2,004,883
$1,811,511
$11,727,622
$22
$4,700,509
$302,205
$1,219,557
$65,549
New Construction
DDD Funds by Type and Use
Residential
scale retail; and both market rate and affordable rental apartment units.
received the next largest Reservation award with
of all mixed use project will involve the rehabilitation of
eservations awarded by type and use of
Additional information is then detailed in the next two tables by District, Investor, costs,
LICATION QRPI RESERVATION
$820,340
$375,750
$444,590
$9,089,846
$9,089,846
$55,639,688
$3,977,003
$5,743,135
$1,557,530
$2,004,883
$1,811,511
$11,727,622
22,595,733
$4,700,509
$302,205
$1,219,557
549,874
Total
Residential
scale retail; and both market rate and affordable rental apartment units.
received the next largest Reservation award with just over $2
of all mixed use project will involve the rehabilitation of
eservations awarded by type and use of
Additional information is then detailed in the next two tables by District, Investor, costs,
AWARDEDRESERVATION
$164,068
$75,150
$88,918
$671,000
$671,000
$4,806,137
$528,000
$585,000
$311,506
$400,977
$362,302
$757,000
$1,000,000
$557,000
$60,441
$243,911
$5,641,205
scale retail; and both market rate and affordable rental apartment units.
just over $2
of all mixed use project will involve the rehabilitation of
eservations awarded by type and use of
Additional information is then detailed in the next two tables by District, Investor, costs,
AWARDED RESERVATION
$164,068
$75,150
$88,918
$671,000
$671,000
$4,806,137
$528,000
$585,000
$311,506
$400,977
$362,302
$757,000
$1,000,000
$557,000
$60,441
$243,911
$5,641,205
PROJECT DESCRIPTIONS
Dover
• Construction of 5 single family homes on South Kirkwood Street for
• Rehabilitation of historic Priscilla Block Building/Annex at Loockerman and State Streets resulting in
mixed
Seaford
• Construction of 72 market rate apartment units within two
Wilmington
• Mixed use construction of 24 market rate apartments units and 2,811 sf ground floor retail
• Mixed use rehabilitation of 46 market rate apartments and 4,470 sf ground floor retail
• Rehabilitation of 3
establish housing for artists.
• Rehabilitation of Quaker Hill Apartments that will increase by 1 unit to 45 apartment units
• Several renovations as well as construction of a phys
and Delaware History Museum
• Rehabilitation of 3 historic building to be adapted and used for residential and commercial purposes.
Total 76 apartment units, community center and Walgreens Pharmacy
• Constr
• Construction of three
• Renovations for upgraded fire suppression system for historic building comprised of 86
and 20 commercial units
• Construction of 7 townhomes on formerly blighted 800 block of Bennett St. to be sold to homebuyers
with incomes at 120% of area median income.
PROJECT DESCRIPTIONS
Construction of 5 single family homes on South Kirkwood Street for
Rehabilitation of historic Priscilla Block Building/Annex at Loockerman and State Streets resulting in
mixed-use commercial office space, retail, restaurant, and apartments
Construction of 72 market rate apartment units within two
Wilmington
Mixed use construction of 24 market rate apartments units and 2,811 sf ground floor retail
Mixed use rehabilitation of 46 market rate apartments and 4,470 sf ground floor retail
Rehabilitation of 3
establish housing for artists.
Rehabilitation of Quaker Hill Apartments that will increase by 1 unit to 45 apartment units
Several renovations as well as construction of a phys
and Delaware History Museum
Rehabilitation of 3 historic building to be adapted and used for residential and commercial purposes.
Total 76 apartment units, community center and Walgreens Pharmacy
Construction of 3-
Construction of three
Renovations for upgraded fire suppression system for historic building comprised of 86
and 20 commercial units
Construction of 7 townhomes on formerly blighted 800 block of Bennett St. to be sold to homebuyers
with incomes at 120% of area median income.
PROJECT DESCRIPTIONS
Construction of 5 single family homes on South Kirkwood Street for
Rehabilitation of historic Priscilla Block Building/Annex at Loockerman and State Streets resulting in
use commercial office space, retail, restaurant, and apartments
Construction of 72 market rate apartment units within two
Mixed use construction of 24 market rate apartments units and 2,811 sf ground floor retail
Mixed use rehabilitation of 46 market rate apartments and 4,470 sf ground floor retail
Rehabilitation of 3 properties to expand permanent housing for individuals with special needs and
establish housing for artists.
Rehabilitation of Quaker Hill Apartments that will increase by 1 unit to 45 apartment units
Several renovations as well as construction of a phys
and Delaware History Museum
Rehabilitation of 3 historic building to be adapted and used for residential and commercial purposes.
Total 76 apartment units, community center and Walgreens Pharmacy
-level, 355-space parking garage available to the public
Construction of three-story building to offer 25 apartment units for very low
Renovations for upgraded fire suppression system for historic building comprised of 86
and 20 commercial units
Construction of 7 townhomes on formerly blighted 800 block of Bennett St. to be sold to homebuyers
with incomes at 120% of area median income.
Construction of 5 single family homes on South Kirkwood Street for
Rehabilitation of historic Priscilla Block Building/Annex at Loockerman and State Streets resulting in
use commercial office space, retail, restaurant, and apartments
Construction of 72 market rate apartment units within two
Mixed use construction of 24 market rate apartments units and 2,811 sf ground floor retail
Mixed use rehabilitation of 46 market rate apartments and 4,470 sf ground floor retail
properties to expand permanent housing for individuals with special needs and
Rehabilitation of Quaker Hill Apartments that will increase by 1 unit to 45 apartment units
Several renovations as well as construction of a phys
Rehabilitation of 3 historic building to be adapted and used for residential and commercial purposes.
Total 76 apartment units, community center and Walgreens Pharmacy
space parking garage available to the public
story building to offer 25 apartment units for very low
Renovations for upgraded fire suppression system for historic building comprised of 86
Construction of 7 townhomes on formerly blighted 800 block of Bennett St. to be sold to homebuyers
with incomes at 120% of area median income.
7
Construction of 5 single family homes on South Kirkwood Street for
Rehabilitation of historic Priscilla Block Building/Annex at Loockerman and State Streets resulting in
use commercial office space, retail, restaurant, and apartments
Construction of 72 market rate apartment units within two
Mixed use construction of 24 market rate apartments units and 2,811 sf ground floor retail
Mixed use rehabilitation of 46 market rate apartments and 4,470 sf ground floor retail
properties to expand permanent housing for individuals with special needs and
Rehabilitation of Quaker Hill Apartments that will increase by 1 unit to 45 apartment units
Several renovations as well as construction of a physical glass connector between historic Old Town Hall
Rehabilitation of 3 historic building to be adapted and used for residential and commercial purposes.
Total 76 apartment units, community center and Walgreens Pharmacy
space parking garage available to the public
story building to offer 25 apartment units for very low
Renovations for upgraded fire suppression system for historic building comprised of 86
Construction of 7 townhomes on formerly blighted 800 block of Bennett St. to be sold to homebuyers
with incomes at 120% of area median income.
Construction of 5 single family homes on South Kirkwood Street for homeownership
Rehabilitation of historic Priscilla Block Building/Annex at Loockerman and State Streets resulting in
use commercial office space, retail, restaurant, and apartments
Construction of 72 market rate apartment units within two buildings, pool, clubhouse, and marina
Mixed use construction of 24 market rate apartments units and 2,811 sf ground floor retail
Mixed use rehabilitation of 46 market rate apartments and 4,470 sf ground floor retail
properties to expand permanent housing for individuals with special needs and
Rehabilitation of Quaker Hill Apartments that will increase by 1 unit to 45 apartment units
ical glass connector between historic Old Town Hall
Rehabilitation of 3 historic building to be adapted and used for residential and commercial purposes.
Total 76 apartment units, community center and Walgreens Pharmacy
space parking garage available to the public
story building to offer 25 apartment units for very low
Renovations for upgraded fire suppression system for historic building comprised of 86
Construction of 7 townhomes on formerly blighted 800 block of Bennett St. to be sold to homebuyers
homeownership
Rehabilitation of historic Priscilla Block Building/Annex at Loockerman and State Streets resulting in
buildings, pool, clubhouse, and marina
Mixed use construction of 24 market rate apartments units and 2,811 sf ground floor retail
Mixed use rehabilitation of 46 market rate apartments and 4,470 sf ground floor retail
properties to expand permanent housing for individuals with special needs and
Rehabilitation of Quaker Hill Apartments that will increase by 1 unit to 45 apartment units
ical glass connector between historic Old Town Hall
Rehabilitation of 3 historic building to be adapted and used for residential and commercial purposes.
space parking garage available to the public
story building to offer 25 apartment units for very low-income seniors
Renovations for upgraded fire suppression system for historic building comprised of 86
Construction of 7 townhomes on formerly blighted 800 block of Bennett St. to be sold to homebuyers
The rehabilitation of
the existing building at
627 N. Market
will provide a mix of
uses
small scale and ground
floor retail. This vital
combination
preserve
Wilmington’s
traditional commercial
corridor.
Rehabilitation of historic Priscilla Block Building/Annex at Loockerman and State Streets resulting in
buildings, pool, clubhouse, and marina
Mixed use construction of 24 market rate apartments units and 2,811 sf ground floor retail
Mixed use rehabilitation of 46 market rate apartments and 4,470 sf ground floor retail
properties to expand permanent housing for individuals with special needs and
Rehabilitation of Quaker Hill Apartments that will increase by 1 unit to 45 apartment units
ical glass connector between historic Old Town Hall
Rehabilitation of 3 historic building to be adapted and used for residential and commercial purposes.
income seniors
Renovations for upgraded fire suppression system for historic building comprised of 86 residential units
Construction of 7 townhomes on formerly blighted 800 block of Bennett St. to be sold to homebuyers
The rehabilitation of
the existing building at
627 N. Market Street
will provide a mix of
uses – residential on a
small scale and ground
floor retail. This vital
combination helps to
preserve and enhance
Wilmington’s
traditional commercial
ridor.
Rehabilitation of historic Priscilla Block Building/Annex at Loockerman and State Streets resulting in
properties to expand permanent housing for individuals with special needs and
ical glass connector between historic Old Town Hall
Rehabilitation of 3 historic building to be adapted and used for residential and commercial purposes.
residential units
Construction of 7 townhomes on formerly blighted 800 block of Bennett St. to be sold to homebuyers
The rehabilitation of
the existing building at
Street
will provide a mix of
residential on a
small scale and ground
floor retail. This vital
helps to
and enhance
traditional commercial
SMALL PROJECT SET
While both set
Set-Aside d
in September of 2015 for
As a result,
project completion.
Aside in August and September.
DISTRICT/INVESTOR
Dover
Carmen Hardcastle
John and Karen Marble
Event Horizons LLC (Grey
Seaford
Craig de Marlana Aleman
Wilmington
Jamestown Hospitality Group, LLC
Grand Total
* Indicate applications are currently under review.
While active
in each DDD
PROJECT SET
While both set-asides requir
Aside does not require a Reservation
in September of 2015 for
As a result, it has been difficult to determine the number of projects accessing the funds until
project completion. However, Investors began submitting applications for
Aside in August and September.
DISTRICT/INVESTOR
Carmen Hardcastle
John and Karen Marble
Event Horizons LLC (Grey
Craig de Marlana Aleman
Wilmington
Jamestown Hospitality Group, LLC
Grand Total
Indicate applications are currently under review.
While active communication with officials from each DDD indicate several small projects underway
in each DDD, only projects with a submitted application are included in this report.
This newly constructed home on Mary Street received a Small DDD Grant to
bring homeownership to an area of Dover experiencing a very
PROJECT SET-ASIDE
asides require project completion before
oes not require a Reservation
in September of 2015 for Investors
it has been difficult to determine the number of projects accessing the funds until
However, Investors began submitting applications for
Aside in August and September.
DISTRICT/INVESTOR
Event Horizons LLC (Grey Fox Grille)
Craig de Marlana Aleman
Jamestown Hospitality Group, LLC
Indicate applications are currently under review.
communication with officials from each DDD indicate several small projects underway
projects with a submitted application are included in this report.
This newly constructed home on Mary Street received a Small DDD Grant to
homeownership to an area of Dover experiencing a very
e project completion before
oes not require a Reservation. The
Investors with a building permit.
it has been difficult to determine the number of projects accessing the funds until
However, Investors began submitting applications for
DESCRIPTION
Residential
Residential
Commercial
Mixed use
Commercial
Indicate applications are currently under review.
communication with officials from each DDD indicate several small projects underway
projects with a submitted application are included in this report.
This newly constructed home on Mary Street received a Small DDD Grant to
homeownership to an area of Dover experiencing a very
8
e project completion before funds are distributed,
. The option for a Lite
with a building permit.
it has been difficult to determine the number of projects accessing the funds until
However, Investors began submitting applications for
DESCRIPTION TOTAL DEV. C
Residential
Residential
Commercial
Mixed use
Commercial
Indicate applications are currently under review.
communication with officials from each DDD indicate several small projects underway
projects with a submitted application are included in this report.
This newly constructed home on Mary Street received a Small DDD Grant to
homeownership to an area of Dover experiencing a very
funds are distributed,
for a Lite-Reservation
with a building permit.
it has been difficult to determine the number of projects accessing the funds until
However, Investors began submitting applications for
TOTAL DEV. COSTS
$357,187
$50,933
$157,889
$148,365
$321,090
$321,090
$250,000
$250,000
$928,277
communication with officials from each DDD indicate several small projects underway
projects with a submitted application are included in this report.
This newly constructed home on Mary Street received a Small DDD Grant to
homeownership to an area of Dover experiencing a very
funds are distributed, the Small Project
Reservation just became available
it has been difficult to determine the number of projects accessing the funds until
However, Investors began submitting applications for the Small Project Set
OSTS FINAL QRPI
$357,187 $178,822
$50,933 $35,933
$157,889 $142,889
$148,365 *
$321,090
$321,090 *
$250,000
$250,000 *
8,277 $178,822
communication with officials from each DDD indicate several small projects underway
projects with a submitted application are included in this report.
This newly constructed home on Mary Street received a Small DDD Grant to
homeownership to an area of Dover experiencing a very high rental rate.
the Small Project
just became available
it has been difficult to determine the number of projects accessing the funds until
the Small Project Set
FINAL QRPI DDD GRANT
$178,822
$35,933
$142,889
$178,822
communication with officials from each DDD indicate several small projects underway
projects with a submitted application are included in this report.
This newly constructed home on Mary Street received a Small DDD Grant to
rental rate.
the Small Project
just became available
the Small Project Set-
DDD GRANT
$35,765
$7,187
$28,578
*
*
*
$35,765
communication with officials from each DDD indicate several small projects underway
Just one year after the first Districts were announced, the DDD program has proven to be a true
public-private partnership. Local governments with designated DDDs have demonstrated
tremendous leadership in
seeking additional expertise
examples include:
• The City of Dover worked closely with local realtors to implement a real
their designated DDD
whether the property is for sale or rent and contact
• Seeing the potential to accelerate revitalization in the State’s most distressed areas, other
entities have since stepped fo
� Kent County
� Delaware’s Sustainable Energy Utility increased rebates for their Home Performance with
ENERGY STAR program by 50 percent
residential program, they extended the same to commercial units that are less than 2,500
square feet in mixed use buildings.
� Cinnaire, a community development financial institution,
economic void in financing projects in DDDs.
This infusion of partnerships, private inv
and economic returns in the form of new retail and commercial development,
residential
redevelopment as the barriers to redevelopment continue to dissolve.
With the
Investor
Riverfront received a Reservation for $671,000 in DDD Grant funds and is the first of several
proposals that will redefine downtown Seaford.
Just one year after the first Districts were announced, the DDD program has proven to be a true
private partnership. Local governments with designated DDDs have demonstrated
tremendous leadership in
seeking additional expertise
examples include:
he City of Dover worked closely with local realtors to implement a real
their designated DDD
whether the property is for sale or rent and contact
Seeing the potential to accelerate revitalization in the State’s most distressed areas, other
entities have since stepped fo
Kent County allocated $200,000 to match the DDD Grant up to $10,000 per project.
Delaware’s Sustainable Energy Utility increased rebates for their Home Performance with
ENERGY STAR program by 50 percent
residential program, they extended the same to commercial units that are less than 2,500
square feet in mixed use buildings.
Cinnaire, a community development financial institution,
economic void in financing projects in DDDs.
This infusion of partnerships, private inv
and economic returns in the form of new retail and commercial development,
residential opportunities
redevelopment as the barriers to redevelopment continue to dissolve.
With the smalles
Investor with a powerful
Riverfront received a Reservation for $671,000 in DDD Grant funds and is the first of several
proposals that will redefine downtown Seaford.
Just one year after the first Districts were announced, the DDD program has proven to be a true
private partnership. Local governments with designated DDDs have demonstrated
tremendous leadership in marketing to potential Investors,
seeking additional expertise – all to
he City of Dover worked closely with local realtors to implement a real
their designated DDD that shows not only the incentives available to each property, but
whether the property is for sale or rent and contact
Seeing the potential to accelerate revitalization in the State’s most distressed areas, other
entities have since stepped forward with additional incentives to offer Investors:
allocated $200,000 to match the DDD Grant up to $10,000 per project.
Delaware’s Sustainable Energy Utility increased rebates for their Home Performance with
ENERGY STAR program by 50 percent
residential program, they extended the same to commercial units that are less than 2,500
square feet in mixed use buildings.
Cinnaire, a community development financial institution,
economic void in financing projects in DDDs.
This infusion of partnerships, private inv
and economic returns in the form of new retail and commercial development,
opportunities, improved
redevelopment as the barriers to redevelopment continue to dissolve.
smallest District, Seaford’s leadership leveraged
powerful vision
Riverfront received a Reservation for $671,000 in DDD Grant funds and is the first of several
proposals that will redefine downtown Seaford.
COLLECTIVE IMPACT
Just one year after the first Districts were announced, the DDD program has proven to be a true
private partnership. Local governments with designated DDDs have demonstrated
marketing to potential Investors,
to capitalize
he City of Dover worked closely with local realtors to implement a real
hows not only the incentives available to each property, but
whether the property is for sale or rent and contact
Seeing the potential to accelerate revitalization in the State’s most distressed areas, other
rward with additional incentives to offer Investors:
allocated $200,000 to match the DDD Grant up to $10,000 per project.
Delaware’s Sustainable Energy Utility increased rebates for their Home Performance with
ENERGY STAR program by 50 percent
residential program, they extended the same to commercial units that are less than 2,500
square feet in mixed use buildings.
Cinnaire, a community development financial institution,
economic void in financing projects in DDDs.
This infusion of partnerships, private investments and public incentives is
and economic returns in the form of new retail and commercial development,
ed quality of life for current resident
redevelopment as the barriers to redevelopment continue to dissolve.
t District, Seaford’s leadership leveraged
vision who is transforming
Riverfront received a Reservation for $671,000 in DDD Grant funds and is the first of several
proposals that will redefine downtown Seaford.
9
COLLECTIVE IMPACT
Just one year after the first Districts were announced, the DDD program has proven to be a true
private partnership. Local governments with designated DDDs have demonstrated
marketing to potential Investors,
ize on the potential of the DDD Program.
he City of Dover worked closely with local realtors to implement a real
hows not only the incentives available to each property, but
whether the property is for sale or rent and contact information
Seeing the potential to accelerate revitalization in the State’s most distressed areas, other
rward with additional incentives to offer Investors:
allocated $200,000 to match the DDD Grant up to $10,000 per project.
Delaware’s Sustainable Energy Utility increased rebates for their Home Performance with
ENERGY STAR program by 50 percent for projects located in DDDs. Also, primarily a
residential program, they extended the same to commercial units that are less than 2,500
Cinnaire, a community development financial institution,
economic void in financing projects in DDDs.
estments and public incentives is
and economic returns in the form of new retail and commercial development,
quality of life for current resident
redevelopment as the barriers to redevelopment continue to dissolve.
t District, Seaford’s leadership leveraged
transforming Seaford’s riverfront.
Riverfront received a Reservation for $671,000 in DDD Grant funds and is the first of several
proposals that will redefine downtown Seaford.
COLLECTIVE IMPACT
Just one year after the first Districts were announced, the DDD program has proven to be a true
private partnership. Local governments with designated DDDs have demonstrated
marketing to potential Investors, creating meanin
the potential of the DDD Program.
he City of Dover worked closely with local realtors to implement a real
hows not only the incentives available to each property, but
information.
Seeing the potential to accelerate revitalization in the State’s most distressed areas, other
rward with additional incentives to offer Investors:
allocated $200,000 to match the DDD Grant up to $10,000 per project.
Delaware’s Sustainable Energy Utility increased rebates for their Home Performance with
for projects located in DDDs. Also, primarily a
residential program, they extended the same to commercial units that are less than 2,500
Cinnaire, a community development financial institution, created a program to fill
estments and public incentives is
and economic returns in the form of new retail and commercial development,
quality of life for current residents
redevelopment as the barriers to redevelopment continue to dissolve.
t District, Seaford’s leadership leveraged the DDD Grant
Seaford’s riverfront.
Riverfront received a Reservation for $671,000 in DDD Grant funds and is the first of several
Just one year after the first Districts were announced, the DDD program has proven to be a true
private partnership. Local governments with designated DDDs have demonstrated
creating meaningful incentives, and
the potential of the DDD Program.
he City of Dover worked closely with local realtors to implement a real-time interactive
hows not only the incentives available to each property, but
Seeing the potential to accelerate revitalization in the State’s most distressed areas, other
rward with additional incentives to offer Investors:
allocated $200,000 to match the DDD Grant up to $10,000 per project.
Delaware’s Sustainable Energy Utility increased rebates for their Home Performance with
for projects located in DDDs. Also, primarily a
residential program, they extended the same to commercial units that are less than 2,500
created a program to fill
estments and public incentives is achieving
and economic returns in the form of new retail and commercial development, new and enhanced
s, and additional
redevelopment as the barriers to redevelopment continue to dissolve.
the DDD Grant program to attract
Seaford’s riverfront. The Residences at
Riverfront received a Reservation for $671,000 in DDD Grant funds and is the first of several
Just one year after the first Districts were announced, the DDD program has proven to be a true
private partnership. Local governments with designated DDDs have demonstrated
gful incentives, and
the potential of the DDD Program. Some
time interactive map of
hows not only the incentives available to each property, but also
Seeing the potential to accelerate revitalization in the State’s most distressed areas, other
rward with additional incentives to offer Investors:
allocated $200,000 to match the DDD Grant up to $10,000 per project.
Delaware’s Sustainable Energy Utility increased rebates for their Home Performance with
for projects located in DDDs. Also, primarily a
residential program, they extended the same to commercial units that are less than 2,500
created a program to fill the
achieving multiple social
new and enhanced
additional
program to attract an
The Residences at
Riverfront received a Reservation for $671,000 in DDD Grant funds and is the first of several
Just one year after the first Districts were announced, the DDD program has proven to be a true
gful incentives, and
map of
also
Delaware’s Sustainable Energy Utility increased rebates for their Home Performance with
residential program, they extended the same to commercial units that are less than 2,500
social
new and enhanced
an
10
DOWNTOWN DEVELOPMENT DISTRICT – DOVER PROJECTS AWARDED
11
DOWNTOWN DEVELOPMENT DISTRICT – SEAFORD PROJECTS AWARDED
12
DOWNTOWN DEVELOPMENT DISTRICT – WILMINGTON PROJECTS AWARDED
13
DISTRICT INCENTIVES
DISTRICT/INCENTIVES DESCRIPTION
Dover
• First Time Homebuyer Transfer
Tax Exemption
Transfer tax exemption for first time homebuyers if property is used as principal
residence.
• Tax Abatement for Owner-
Occupied Properties
4-year property tax abatement as long as home is principal residence. The first
year is a 100% tax reduction and is reduced 25% each subsequent year.
• Waiver of Water/Sewer Fees Expanded beyond multistory, mixed use to include residential, office, commercial
uses.
• Business License Fee Waiver Waives business license fees for new businesses for three years.
• Property Tax Abatement 10-year abatement of City property tax on the value of improvements.
• Transfer Tax Abatement for
businesses 50% transfer tax rebate upon issuance of Certificate of Occupancy.
• Façade Improvement Grants Architectural support services up to $5,000 for renovation for new business or
expansion.
Seaford
• Reinvestment Tax Incentive Substantial qualifying improvements may receive a 10-year rebate (upfront cash
payment) from the City for taxable value of improvements.
• Sidewalk Loan Program 4-year, no interest loan up to $2,000 for sidewalk/curb repairs.
• C-3 Riverfront Enterprise Zone Mixed–use zoning district encompassing 50-acre Riverfront area that allows for
downtown style development.
• Fee Reduction Incentive Fee reduction for water capacity charge, downstream sewer assessment and
electric system cost recovery fee.
• C-3 Zone Façade Improvement
Program
5-year tax reduction on expenses above $25,000 – cannot exceed 50%. The
percentage “would equate to the amount of tax reduction the property the
property owner would receive for the 5-year period.
• Fee Waiver for Water and
Sewer Tap Fees Waives the tap fees for water and sewer for large project investors.
Wilmington
• Expedited Permitting
Permit applications in DDD are walked through multi-department approval
process to ensure shortest possible review time. A City-wide permitting reform
process is underway to reduce review time further in the DDD.
• Architectural and Engineering
(A&E) Feasibility Assistance
50% match (up to $20,000k) for architectural and engineering feasibility work for
for-profit small business developers to explore capital Investments in DDD. (Total
development cost capped at $1 million, program allocation of $100,000, approval-
based). [City-wide]
• Grow Wilmington Fund SBA 7(a) loan that offers 3.75% rate for qualified borrowers making investments in
downtown that result in new jobs or capital improvements. [City-wide]
• Creative District Mixed-Use
Overlay Zone
Special DDD-specific zoning overlay to facilitate mixed-use development. This
zone is in the process of being written and is not yet adopted.