Catalyst Fund Application Round Opening May 1, 2024!

new apartments under construction
Laurie Stovall
Posted By: Laurie Stovall

The Catalyst Fund is a program funded by an allocation of State and Local Fiscal Recovery Funds (SLFRF) from the State of Delaware to the Delaware State Housing Authority. The Fund is designed to support efforts to address vacant property in communities disproportionately impacted by the COVID-19 pandemic. The Catalyst Fund will promote neighborhood revitalization and an equitable recovery by providing developers with gap funding to renovate vacant homes and/or build new homes on vacant land, for sale to homeowners.

Are you an established non-profit developer that has construction funding and is interested in potential sales gap subsidy? Check out the Self-Funded Catalyst Fund track below. If you have questions, please send an email to: [email protected].

Are you a smaller, emerging developer looking for a source of construction financing? Check out Cinnaire Lending Corporation’s Catalyst Fund loan program. If you have questions, please email Cinnaire at: [email protected].

Important Dates:

·       April 22 (11:00 AM-12:30 PM) – Workshop 1 : RSVP here.

·       April 29 (11:00 AM-12:30 PM) – Workshop 2 : RSVP here.

·       May 1 – Round 2 Application Open

·       May 15 – Notice of Intent to Apply Deadline

·       May 30 – Round 2 Application Submission Deadline

Important Note: Eligible properties or sites must be located inside a Qualified Census Tract (QCT), Downtown Development District (DDD), or DSHA designated Strong Neighborhood.

Catalyst Fund Workshop Details
Delaware State Housing Authority and Cinnaire will be hosting a comprehensive Catalyst Fund workshops on April 22nd and April 29th from 11:00 AM to 12:30 PM via zoom. This workshop is intended for developers who plan to submit an application in this upcoming funding round.

RSVP for the workshop here. Hear from our staff on topics such as:

·       Application Requirements

·       Due Diligence Check List

·       Tips and Tricks for submitting a strong application.

·       General Program Updates and Timeline

Media inquiries

Laurie M. Stovall
Director of Public Relations
Toll-Free (888) 363-8808

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