- Associated Press - Friday, October 10, 2014

WILMINGTON, Del. (AP) - State housing officials are kicking off a series of meetings regarding efforts to spur development of Delaware’s downtown areas.

In his State of the State address earlier this year, Gov. Jack Markell proposed dedicating $7 million in state funds to spur investment in designated downtown development districts.

Housing officials are now soliciting feedback on a draft grant program with public meetings in all three counties, beginning Friday in Wilmington.

Following the designation of a downtown development district, homeowners, businesses, builders and other investors in the selected districts will be entitled to grants of up 20 percent of their construction costs.

Officials say the state money will help leverage tens of millions of dollars in private capital to improve both business opportunities and the state’s housing stock.

LOAD COMMENTS ()

 

Click to Read More

Click to Hide