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.
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.