Community Development Digest


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Firm Nails $20.8M Refinance Deal for Apartment Complex

The loan is structured using the Department of Housing & Urban Developmentā€™s (HUD) Section 223(a)(7) program.

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Center to Provide Technical Assistance in Four States

The Office of Small and Disadvantaged Business Utilization (DOT) is offering a $190,000 grant for a Small Business Transportation Resource Center (SBTRC) in the Mid-Atlantic Region (Pennsylvania, New Jersey, Maryland and Delaware).

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Delaware Completes Housing Needs Assessment

The Delaware State Housing Authority unveils its long-awaited Delaware Housing Needs Assessment, a 200-page report outlining the state of affordable housing.

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(FINANCE) Awards Enable CDFIs to Preserve Affordable Housing

Chase, the consumer and commercial banking arm of JPMorgan Chase & Co., is in themidst of awarding seven Community Development Financial Institutions (CDFIs) in13 states funding to support affordable housing preservation efforts. Chase chose seven CDFIs, lenders who provide credit and financi...

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(STATES) Delaware Officials Set Application Deadline for Expected $2 Million in CDBG Funding

The Delaware counties looking to get funding from the state's Community Development Block Grant program have until Feb. 25 to file with the State Housing Authority (SHA).  About $2 million is expected to be available for the 2011 program year. State officials are crafting a draft program guide...

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(GREEN BUILDING) Delaware Community Earns Four-Star Certification

A Delaware waterfront townhome community is the first on the East Coast and only the fourth nationwide to earn a four-star land development certification under the new National Green Building Standard. Wharton's Bluff Parcel B, located on the banks of the Indian River in Millsboro, DE, h...

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(STATES) DE Housing Officials Award $2.2 Million in CDBG, HOME Funds

More than 200 families are being aided by a combined $2.2 million in Community Development Block Grant and HOME Investment Partnerships Program funding awarded by Delaware state housing officials. The Delaware State Housing Authority (DSHA) provides the money to 19 communities in Kent and Sussex co...

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(STATES) Grant, Loan Creating Jobs in Delaware

More than 130 full-time jobs are being created in Delaware thanks to a state grant to a heat- and cold-storage provider expanding operations in Milford, and a state loan provided to a contract aerosol filling company expanding its operations in Seaford. The Delaware Economic Development Office (DED...

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(HOUSING) Treasury Officials Send $90 Million in Sec. 1602 Funds to Five States

Treasury Dept. officials continue to move gap financing funds through the recent stimulus package, putting $90 million in the hands of state housing officials in five states. Deputy Secy. Neal Wolin made the announcement that the money to help create more affordable housing would be sent to state o...

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(BUDGET) Rural Housing Funds Looking Upward for 2010

Federal funds for rural housing in the Agriculture Department appear to be headed for a solid increase over the current fiscal year, although House and Senate bills look considerably different in how that will be done. The Senate Appropriators move their version to the floor on July 7, offering sig...

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