Diamond State's Current Projects

Neighborhood Stabilization Program (NSP)

Diamond State CLT is a partner with Kent, New Castle, and Sussex Counties, as well as the Cities of Dover and Wilmington in the Neighborhood Stabilization Program, part of the Housing & Economic Recovery Act of 2008 passed by Congress and signed into law last summer. Delaware was awared $19.6 million in NSP funding through the Department of Housing & Urban Development in 2009. In January 2010, HUD announced that Delaware will be receiving an additional $10 million through NSP2.

The program is focused primarily on buying and rehabbing vacant, foreclosed homes in areas of the state hardest hit by the foreclosure crisis. Renovated homes will be sold or rented to households at 120% of the Area Median Income (AMI) and below. Twenty-five percent of the funding will serve households at 50% AMI and below.

Diamond State, as a partner with the five jurisdictions noted above, is recruiting and training buyers for some of the homes under NSP. Diamond State homes are priced significantly under market value and affordable to households at 80% AMI and below. To see if your family qualifies see -- see County by County Income Limit Chart. Diamond State homebuyers own their home and Diamond State owns the land parcel. Each Diamond State homeowner has a 99-year ground lease for exclusive use of the land for a nominal monthly fee.

These community land trust homes are available in 2010 - 2012. CLT homes, through the Neighborhood Stabilization Program are all over the state. Specific home addresses, descriptions and pricing information are posted on our Homes for Sale page.

If you think you may be interested in this unique homeownership program - please contact us at info@diamondstateclt.org. We can help get you started in the home-buying process. Now is the time to start.

New Horizons Community

In partnership with Delaware Housing Coalition, the Corporation for Enterprise Development and others we are developing a new neighborhood of 50 brand new homes on permanent foundations in Sussex County near Laurel. Homeowners will own their homes and enjoy all the benefits of homeownership. This new community will be home to the New Horizons Cooperative, an agricultural cooperative that will farm on nearby land. The University of Delaware Agricultural Extension Service is assisting New Horizons in this venture. Property has been secured. Site planning and engineering work is underway. We anticipate that homes will be for sale in 2011-13. See Innovations in Manufactured Homes article.

New and Rehabilitated Homes for Sale

Thoroughly renovated and new homes in Dover and Wilmington are underway. Diamond State has development partnerships with several groups including the Carper/City of Dover Homeownership Initiative, Interfaith Community Housing of Delaware, Habitat for Humanity New Castle County, Cornerstone West, ARC of Delaware, River's Edge Association and Edgemoor Revitalization Cooperative. See Homes for Sales page.

Before and after photos of a rehabilitated home.

Village at Colony South

In partnership with Interfaith Community Housing of Delaware and the Delaware State Housing Authority, we will be developing a new construction, 36 unit single-family project in Milford. Twenty-three of the homes will be CLT units for owner-occupants at 70% AMI and below. This $10 million dollar project is in predevelopment now. We anticipate homes for sale in 2011-13.