Strong Neighborhoods Housing Fund Recipients Announced - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Strong Neighborhoods Housing Fund Recipients Announced

Posted:
Gov. Jack Markell Gov. Jack Markell
DOVER, Del. – State officials announced the recipients of $2.755M from the Strong Neighborhoods Housing Fund.

Governor Jack Markell joined Delaware State Housing Authority Director Anas Ben Addi and Attorney General Matt Denn for the announcement on Feb. 12. In conjunction with Downtown Development District designations, the newly created Strong Neighborhoods Housing Fund is another incentive to strengthen communities and rebuild neighborhoods.

Last year, Delaware received funds from the JPMorgan Chase Mortgage Settlement. The General Assembly allocated $2.755 million to establish the housing fund. This fund aims to support community development, address crime strategies, and transform neighborhoods that are experiencing blight or other forms of stress.

“It's a good use of the settlement funds which will allow a lot of nonprofits to move forward with developments in at-risk areas,” said Steven Martin, Executive Director of Wilmington Housing Partnership.

Applications for the funding were received from nonprofit organizations, local jurisdictions, and for-profit developers partnering with nonprofit organizations.

“DSHA received seven applications requesting more than three times the amount of money we had available,” stated DSHA Director Anas Ben Addi. “We were only able to award four applications. This demonstrates there is a real interest in investing in our communities.”

Today, Governor Markell and Addi announced the four applications which were chosen for funding:

Markell explains these funds will be used for the acquisition, renovation, and sale of vacant, abandoned, and foreclosed properties throughout the State.

Governor Markell said, “We talk a lot about teamwork and public-private partnerships. The Strong Neighborhoods program is the perfect example of what we mean by that. Each Strong Neighborhoods application is a collaboration of multiple partners, with each partner bringing a unique skill to the table, whether it be counseling, construction, labor, or financing. Alone, they are worthy agencies, with proven track records. By partnering together, they will make a greater, more visible impact in our communities.”

Attorney General Matt Denn added, “This program is an excellent model of how my proposed plan to address the issues facing Delaware will work by using settlement funds to turn around our declining neighborhoods. Redevelopment not only creates safe and affordable housing, it also generates employment and financial stability–which reduces the root causes of addiction and crime.”

To learn more about the Strong Neighborhoods Housing Fund, please visit http://www.destatehousing.com/Developers/dv_snhf.php or call DSHA's Public Information Office at (888) 363-8808.

Powered by Frankly

All content © Copyright 2000 - 2018 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices