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Neighborhood Revitalization Fund (NRF)
The goal of this program is to help entire communities restore their homes to State Housing Code standards. Neighborhoods and communities apply to receive a set aside of funds that their home owners can access in the form of low-interest loans. Home owners residing in approved neighborhoods can access deferred low-interest rate loans of up to $35,000; landlords can borrow up to $25,000.
How To Apply
- Applications for new NRF funding are not being accepted at this time.
Availability of Funds
New NRF funding is currently unavailable. Please contact the DSHA Contact Person below with your information if you want to be notified when new NRF funding becomes available.
Borrower Qualifications
To qualify as a community, communities must have properties in need of State Housing Code-related repairs or require handicap-accessible modifications. (Community groups, or an organization acting on behalf of a community, may apply for Neighborhood Revitalization Funding.)
To qualify as a homeowner, the homeowner's current household income cannot exceed:
| County | Homeowner's Adjusted Income by Family Size | |||||||
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | |||
| New Castle | $58,075 | $66,355 | $74,635 | $84,915 | $89,585 | $96,140 | ||
| Kent | $40,595 | $46,345 | $52,210 | $57,960 | $62,560 | $67,275 | ||
| Sussex | $37,835 | $43,240 | $48,645 | $54,050 | $58,420 | $62,675 | ||
Notes
- These are at 80% or less of median income.
- Home owners may apply for Neighborhood Revitalization Funds and be in a community that was awarded Neighborhood Revitalization Funds.
To qualify as an investor or landlord, the income of a tenant (living in an investor- or landlord-owned property) cannot exceed:
| County | Tenant's Adjusted Income by Family Size for Investor-Owner Properties | |||||||
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | |||
| New Castle | $36,750 | $42,000 | $47,250 | $52,400 | $56,700 | $60,900 | ||
| Kent | $28,200 | $32,250 | $36,300 | $40,300 | $43,550 | $46,750 | ||
| Sussex | $26,300 | $30,100 | $33,850 | $37,600 | $40,600 | $43,600 | ||
Notes
- These are at 115% or less of median income.
- Landlords renting to low-income Delaware families may apply for Neighborhood Revitalization Funds. Properties must be in need of rehabilitation.
- Applicants must first qualify under the Housing Rehabilitation Loan Program (HRLP).
Loan Terms
- Approved communities must have a comprehensive revitalization plan.
- Home owners, whose property is in an approved community, may borrow up to $35,000 per unit at an interest rate of 3% for State Housing Code-related repairs and handicap-accessible modifications. Some home owners may qualify for loans with principal and interest repayment deferred until transfer or sale of property.
- Landlords, whose property is in an approved community, may borrow up to $25,000 per unit at an interest rate of 3%.
Documentation
Please download and review the documents below to learn more about this program, get forms, and determine if you qualify.
- Neighborhood Revitalization Fund Application - PDF [88K]
Neighborhoods Awarded Funds Between 1996 and 2001
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+ Appoquinimink Development, Inc. + Brack-Ex + Brandywine Gateway Neighbors + Briar Park + Brookmont Farms + Browntown + Canby Park + Capitol Park + Castle Hills + City of Dover + City of Milford + City of Seaford + Community Coordinating Council (Dunleith, Overview Gardens, Garfield Park, Minquidale, Belvedere) + Community Partners + Coverdale Crossroads + Delaware City + Eastside/Southbridge + Eden Park/Hamilton Park + Edgemoor Gardens + Forrest Park |
+ Harlan Park + Harrington + Hedgeville + Hickman Row + Historic Georgetown + Inter-Neighborhood Foundation + Kent Acres + Knollwood + Latin American Community Center + Lucas + New Castle + New Hope + Ninth Ward Civic Association + Oakmont + Overlook Colony + Pinetown + Port Penn + Quaker Hill + Rosegate + Roselle + Rose Hill Civic Association |
+ Simonds Gardens + Slaughter Neck + Star Hill + Town of Bethel + Town of Blades + Town of Ellendale + Town of Houston + Town of Laurel + Town of Lincoln + Town of Odessa + Tuxedo Park + Union Park Gardens + We The People Community + West Center City Neighborhood Planning Advisory Council + West End Neighborhood House + West Rehoboth + Westview + Westside Neighborhood Revitalization Community Development Corporation + Willow Run |
DSHA Contact Person
If you qualify and want to participate, please contact Janice Porter-Brathwaite, Housing Rehabilitation Loan Supervisor, at 302.577.5001
