Affordable Housing Impact in Delaware's Historic Communities
GrantID: 76218
Grant Funding Amount Low: Open
Deadline: Ongoing
Grant Amount High: Open
Summary
Grant Overview
Renovation of Historic Properties in Delaware
Delaware stands out with its rich historical heritage and an urgent need for affordable housing solutions. Recent studies indicate that many historic properties are underutilized or in disrepair, which not only threatens their cultural significance but also exacerbates housing shortages in areas experiencing population growth, like Wilmington. The preservation of these buildings as affordable housing units can serve a dual purpose: retaining the state’s historical character while meeting the demand for low-income housing.
Eligible applicants for funding in Delaware include local governments, non-profit organizations, and private developers engaged in the renovation of historic properties for affordable housing. The program emphasizes the importance of creating units that cater to very low-income families, specifically ensuring that at least 50% of renovated units will be affordable for this demographic. This targeted approach recognizes the unique housing challenges faced by low-income populations across the state.
The application process involves detailed proposals that outline the scope of renovation projects and adherence to historical preservation standards. Additionally, applicants must demonstrate their ability to comply with state requirements, including commitment to providing housing for very low-income households. This ensures that the funding allocation directly contributes to addressing the state's pressing housing needs.
Renovating historical properties into affordable housing units in Delaware has the potential to yield numerous positive outcomes. By preserving cultural assets while addressing housing shortages, the state can stimulate local economies and promote sustainable community growth. Collaboration between local heritage groups and developers will be crucial to achieving these objectives, ensuring that renovations honor historical significance while providing safe, affordable housing options for residents.
Eligible Regions
Interests
Eligible Requirements
