2016 Designated Towns
2015 Designated Towns
The Downtown Development Districts Act of 2014 (the Act) was enacted by the General Assembly in order to:
- Spur private capital investment in commercial business districts and other neighborhoods;
- Stimulate job growth and improve the commercial vitality of such districts and neighborhoods;
- Help build a stable community of long 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 all walks of life.
What's Going On...
Downtown Development Districts Funding Availability – Fall 2016
The Delaware State Housing Authority (DSHA) is pleased to announce that the Fall 2016 funding round for the Downtown Development Districts (DDD) grant program is now open!
Grant rebates of up to 20 percent are available to qualified investors with qualified real property investments associated with commercial, industrial, residential or mixed-use buildings or facilities located within any of the eight designated Downtown Development Districts: Dover, Georgetown, Harrington, Laurel, Milford, Seaford, Smyrna and Wilmington.
Investors making qualified real property investment greater than $250,000 must apply for a Large Project Reservation no later than December 12, 2016 by 4:00 pm. Investors making a qualified real property investment between $15,000 and $250,000 may apply on a rolling basis, as long as funding is available.
Five New Downtown Development Districts Announced
Governor Jack Markell, on August 10, 2016, announced a statewide expansion of Delaware's Downtown Development Districts program, significantly building on the state's efforts to redevelop Delaware's commercial business districts and drive private investment in towns and cities.
Governor Markell officially designated five new Downtown Development Districts - in Smyrna, Harrington, Milford, Georgetown and Laurel. Investors who make qualified improvements to residential, commercial, or industrial properties in those districts now may qualify for state and local development incentives, including 20 percent state grant rebates. See the full article.
Grant and Incentive Information
Information and links to all incentives available to real property investors within designated Downtown Development Districts. Contact information, phone numbers, and email addresses are provided so that you can get in touch with the appropriate person.