1. Downtown Development Districts Visit us at www.destatehousing.com
September 26, 2016
Delaware State Housing Authority 18 The Green Dover, DE (302) ■ (888)
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2. Downtown Development District (DDD) Program
Created to leverage state resources in designated downtown areas to:
Spur private investment
Improve commercial vitality
Build a stable community
of long-term residents

3. Downtown Development District (DDD) Program
Households are getting smaller
Redevelopment of downtown areas challenging
Advantages:
Walkable
Architecturally significant buildings
Downtown living attractive to younger Delawareans

4. Downtown Development District (DDD) Program
3 districts designated in January 2015
5 added in August 2016
Incentives offered by districts:
Expedited permitting
Fee waivers
Tax abatements
Façade improvement loans and grants

5. Program Requirements Threshold requirements:
Location within a designated DDD
Conformity with the DDD plan
Site control at time of application for Large Projects
Minimum investment of $15,000
Deducted from Large Project qualified investment
Small Projects include in qualified investment
Large Projects must submit, with final disbursement request, a Cost Attestation prepared by a CPA
No payments made until project is placed in service
We have $1 million in this set-aside and while there are several projects in the pipeline, there is still plenty of funds left here to support small mom and pop efforts.
Large Projects process is a little more involved:
Requests are due within 45 days of final project being placed in service
Includes an independent CPA Attestation of investments
DSHA will conduct compliance review of the final project – including site visit - to ensure final project conforms to project scope outlined in Reservation Agreement
Grant funds are disbursed within 60 days

6. Two Set-Asides Small Project Set-Aside
Qualified Real Property Investment less than $250,000 per building/ facility
Two ways to apply:
May receive a reservation good for 6 months if building permit issued
May submit an application after project is complete
Applications submitted on a rolling basis, as long as funds remain available
$1 million set-aside for small projects
Large Projects process is a little more involved:
Requests are due within 45 days of final project being placed in service
Includes an independent CPA Attestation of investments
DSHA will conduct compliance review of the final project – including site visit - to ensure final project conforms to project scope outlined in Reservation Agreement
Grant funds are disbursed within 60 days

7. Two Set-Asides Large Project Set-Aside
For projects with total investment over $265,000
Allocated through a Reservation process prior to beginning project
Assures investors their projects will be funded once successfully completed
Available funding split equally between District Pools and a General Pool
Each District guaranteed at least one eligible Large Project awarded from the District Pool each funding round

8. DDD Awards Number of Projects DDD Reservation Award Total Investment
Large Project (FY2015) 13
$5.6 M
$114.5 M
Large Project (FY2016) 22
$8.5 M
$176.5 M
Small Projects 8
$236,591
$1.2 M
Total 43
$14.3 M
$292.2 M

9. 608 Market Street Wilmington, DE

10. Delaware Historical Society Wilmington, DE

11. Grey Fox Grille Dover, DE

12. Midtown Parking Garage Wilmington, DE

13. Residences at River Place Seaford, DE

14. Susan Eliason, Director of Housing Development Delaware State Housing Authority 18 The Green Dover, Delaware