Category: Kent County Levy Court

New CLT Homes in Rodney Village

SamPaynter

We have created six permanently affordable homes in the Rodney Village community and have made a commitment to reach the goal of at least ten CLT homes there. We are about to begin work on the seventh home.

We have many partners to thank for our progress.

Kent County Levy Court
Working with Kent County Levy Court, we have been reinvesting program income from the Neighborhood Stabilization Program (NSP) federal funds there. Since this will not provide us with sufficient funds to reach ten homes, we have begun soliciting private and other public funds to supplement the NSP income.

Longwood Foundation
Diamond State has received a grant of $125,000 from the Longwood Foundation for use in Rodney Village, allowing us to provide gap development funds in the homes we are developing.

Delaware Community Foundation
The Delaware Community Foundation is providing gap subsidy to be used in Rodney Village CLT homes.

Laffey-McHugh Foundation
The Laffey-McHugh Foundation gave us a special operating grant in Fiscal Year 2015.

Discover Bank
Discover Bank has supported our operating and development budgets over the past two years, as we have continued to rebuild foreclosed homes in Rodney Village.

NCALL Loan Fund
Along with additional project gap funding, we have been utilizing a revolving line of credit from NCALL Loan Fund for acquisition and rehabilitation of homes in Rodney Village.

Deutsche Bank
The Deutsche Bank Trust Company of Delaware provided operating funds specifically for work on the Rodney Village Homes.

Housing Development Fund
Most recently, we received funds from the Governor’s Council on Housing and the Delaware State Housing Authority to invest in the next four homes.

We are understandably grateful to all who have helped us and the community of Rodney Village.

We are thankful.

2015-11-24-walls-welcome
Left to right, Shalisa Alexander, is welcomed by Jo Ann Zorb of Diamond State CLT and Mary Ellen Gray of Kent County Planning Department, as is her mother, Francine Walls.

At Thanksgiving 2015, we were happy to announce our newest community land trust members and home owners.

That week, Francine Walls and her daughter, Shalisa Alexander, and grand-daughter, Patience, became the most recent Diamond State CLT home owners.

The family took possession of a home in the Rodney Village neighborhood that was acquired, completely rehabilitated, and sold with the financial support of the federal Neighborhood Stabilization Program, administered by the Kent County Levy Court.

A grant from the Longwood Foundation and funds from Discover Bank and Deutsche Bank Trust Company Delaware also contributed to making home ownership possible for the Walls family. Project financing came from the NCALL Loan Fund.

Shortly after settlement, the family was visited by the Diamond State Welcome Wagon Committee which brought a house-warming basket, including a fresh turkey generously donated by TA Farms, Camden-Wyoming.

We at Diamond State CLT are grateful to have the Walls family join our CLT community.
We are also grateful to everyone who helped us create this new home and offer it to the Walls family.