Markell Announces Opening of Downtown Development Applications - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Markell Announces Opening of Downtown Development Applications

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DOVER, Del. - In Delaware Governor Jack Markell's weekly message, he announced the application process for the Downtown Development Districts program is officially open.

Cities and towns can apply to participate until November 1st.

“Downtown Development Districts will spur private capital investment in commercial business districts, stimulate job growth, help build a stable community of long term residents by improving housing opportunities; and strengthen our neighborhoods,” Markell said. “By spurring economic activity in our downtowns, Delaware will attract more talented people, innovative small businesses and residents from all walks of life. And that will keep Delaware moving forward.”

This program is funded by a bond bill at $7 million. According to a press release it "provides economic development and other incentives that promote revitalization of downtown areas and surrounding neighborhoods selected through the application process. Localities will be able to apply to have a portion of their city, town, or unincorporated area designated as a Downtown Development District (DDD)."

Selected cities would be given grants of up to 20 per cent of their construction costs for projects including residential, commercial and non-profit. The grants will be administered by the Delaware State Housing Authority (DSHA). More information is available at www.news.delaware.gov.

 

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