The Housing Development Fund (HDF) of the Delaware State Housing Authority (DSHA) provided additional monies to assist DSCLT homebuyers purchasing homes in Rodney Village.
So far DSCLT has acquired nine homes and rehabilitated six, making them permanently affordable. We are working toward completing at least ten homes in the community.
HDF funding will help make the remaining Rodney Village homes affordable to low-income first-time homebuyers.
Kent County Neighborhood Revitalization Program
The work in Rodney Village has been made possible by Kent County Levy Court which works closely with DSCLT to reinvest program income from the Neighborhood Stabilization Program (NSP) in Rodney Village.
Additional funds were provided by the Longwood Foundation, Discover Bank, NCALL Loan Fund, Deutsche Bank, the Delaware Community Foundation, and the Laffey-McHugh Foundation.
Applicants like this diverse, engaged community, which is close to parks, within walking distance of retail, and is in a good school district.
Most of our home buyers find their monthly mortgage payments to be lower than what they were previously paying in rent.