Strong Neighborhoods Housing Fund (SNHF)
The Delaware State Housing Authority (DSHA) received approximately $5,500,000 from various financial mortgage settlements to maintain the Strong Neighborhoods Housing Fund (SNHF). The SNHF is set up as a revolving fund to be used for the acquisition, renovation, and sale of vacant, abandoned, foreclosed or blighted property throughout the State. The funds are targeted for efforts that:
- Support community development, and/or
- Transform neighborhoods that are experiencing blight or other forms of stress, including high crime.
Availability of Funds
Funds for the Program will be disbursed through a competitive process, with preference given to:
- Acquisition: Purchase abandoned vacant, foreclosed or blighted homes and residential properties, in order to sell, rent or redevelop such homes and properties. The purchase of vacant parcels for the purpose of holding for future development will only be considered if it is part of an affordable housing, neighborhood revitalization development strategy that includes other eligible activities. * Land banking activities may only be included if the applicant (or partner) is considered a land bank in a Delaware jurisdiction.
- Rehabilitation: Rehabilitate abandoned, vacant, foreclosed or blighted homes and residential properties, in order to sell, rent or redevelop such homes and properties. This includes properties currently owned or planning to acquire.*
- Owner-Occupied Rehabilitation: Improvements to low-income owner-occupied housing units that allow units to meet local housing code standards, significant modifications that maintain affordability, and/or modifications that allow owners to age in place. Façade/external improvements to housing units may only be included in partnership with interior modifications. This work must be part of a neighborhood revitalization development strategy that includes other SNHF eligible activities.
- Financing: Provide funds for new construction, acquisition or rehabilitation activities, including bridge financing, construction financing, or mortgage affordability targeting.
- Demolition: Demolish blighted structures when part of a neighborhood revitalization development strategy that includes other eligible activities.
- Redevelopment: Redevelop demolished or undeveloped properties; includes new construction on previously demolished sites.
* DSHA has elected to consider only voluntary acquisitions. Foreclosed properties that are not vacant will not be considered for acquisition under this program.
How to Apply for a Grant or a Loan
Please refer to the SNHF Guideline listed below for instructions on how to apply, date and time deadlines, and application process and eligibility requirements.
Please download and review the documents below to learn more about the SNHF program, get forms, and to determine if you qualify.
SNHF Guidelines and Application (Applications Due: December 2, 2016 by 4:00 p.m.)
- SNHF Guidelines
- SNHF Application – Part I (Fillable Word Document)
- SNHF Application – Part II (Excel Format)
- SNHF Universal Design Self-Score Sheet
SNHF Targeted Area Maps
Interested in additional Neighborhood Development funding opportunities? Please visit the Delaware Economic Development Office's Neighborhood Building Blocks Program.