Aug 27 2019

#Delaware’s state capital ( #Video

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#Delaware’s #state #capital

Delaware’s state capital


State of Delaware – Search and Services/Information

Delaware State Housing Authority

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      Downtown Development Districts Rebate Program

      The Downtown Development Districts Act was created to leverage state resources in a limited number of designated areas in Delaware’s cities and towns to:

      • spur private capital investment in commercial business districts and other neighborhoods;
      • stimulate job growth and improve the commercial vitality of our cities and towns; and
      • help build a stable community of long-term residents in our downtowns and other neighborhoods.

      Under this Act, funding was allocated through the General Assembly to DSHA for the purpose of establishing and administering the DDD Rebate Program. Investors who make Qualified Real Property Investments (QRPI) to commercial, industrial, residential, and mixed-use buildings or facilities may apply to DSHA for a DDD Rebate.

      To be Eligible to Apply for a DDD Rebate

      • The QRPI must be made within the boundaries of a designated DDD.
      • The QRPI must be made in conformance with the approved District plan.
      • The QRPI must be in excess of the required MQIT (deductible) and minimum QRPI for the specific set-aside.
      • The QRPI must be made after the date the real property location is officially incorporated within the boundary of a designated District.
      • The Investor must meet site control requirements (e.g. legal title, sales agreement, or owner’s consent).

      Learn more about Delaware’s DDD Program
      StoryMap: View an interactive map with details about each district’s unique character and assets. Get details on DDD projects that have received rebates or are in the pipeline and see photos of the project sites. The StoryMap was developed in cooperation with the University of Delaware’s Institute of Public Administration and the Office of State Planning Coordination.

      View an Adobe Spark Page on Downtown Development Districts which highlights incentives offered by each of Delaware’s eight DDD communities designated in 2015 and 2016. Within the Spark Page, view statewide DDD and City of Dover interactive maps, a video on the City of Milford’s DDD, and project photos. This Spark Page was developed by the University of Delaware’s Institute of Public Administration in cooperation with the Delaware State Housing Authority, Office of State Planning Coordination, and Delaware Department of Transportation.

      Centralized DDD Incentives Site The Office of State Planning Coordination maintains this website, which includes information on all available incentives from state and local partners. Available incentives include DDD rebates, Delaware Historic Tax Credits, bridge loans, expedited permitting, funding for architectural and engineering work, property tax abatements and more.

      Grant Opportunities for Pursuing U.S. Green Building Council’s LEED Silver Certification
      DSHA received a Strategic Opportunity Funds for Adaptation (SOFA) grant to pay for third-party costs associated with achieving the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) Silver certification. This grant is capped at $30,000 per building or facility regardless of documented third-party costs.

      DDD Annual Report

      District Designations

      • January 11, 2015 The Governor announced the initial three DDD Districts: Dover, Seaford and Wilmington.
      • August 10, 2016 The Governor announced five additional DDD Districts: Georgetown, Harrington, Laurel, Milford and Smyrna.

      The corresponding District Plans for the newly designated Districts will serve as the focal point for coordinated action by state, local, and private entities.

      For additional information including District Plans and Maps for each of the designated Districts, please use the link below:
      Office of State Planning
      Interactive Map – Use this link to determine if a property is located within a designated District

      Available Funding

      • DSHA has established two funding set-asides for DDD Rebate selections, the Small Project Set-Aside and the Large Project Set-Aside, to ensure a variety of projects have ample access to the DDD funding.
      • The Large Project Set-Aside has been further divided into a General Pool and a District Pool to ensure all Districts have reasonable access to the DDD funding. DSHA has allocated 50% of the Large Project Set-Aside to each of the pools.
      • District allocations are based on the populations of each District.

      SOURCE: http://www.destatehousing.com/Developers/dv_ddd.php

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