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Milford Local Incentives

Waiver of sewer, water and electric impact fees
  • Eligible projects may qualify for full or partial waiver of impact fees.
Waiver of building permit fee and other associated City fees
  • Waivers available for projects within the DDD.
Tax Abatement
  • Rehabilitation projects that increase the assessed value by MORE than 50% receive full abatement of City Taxes for 10 years. Rehabilitation projects that increase the assessed value by LESS than 50% receive partial abatement of City Taxes for 10 years. New residential or commercial construction will receive full tax abatement for 5 years. Properties converted from rental units to owner occupied housing will receive a full tax abatement for 10 years.
Realty Transfer tax waiver for first-time homebuyers
  • Waiver of City realty transfer tax for first-time homebuyers.
Homes being built in Milford, Delaware.
Land Installment Contract
  • Council may enter into installment purchase agreement with developer for sale of city owned land or development projects.
DMI Revolving Loan Fund
  • Revolving loan ($25,000) offers small loans to businesses below market rates.

Website: City of Milford

Phone: (302) 424-3712