Victoria Mews - Delaware Valley Development Company

Victoria Mews

13 D O’ Daniel Avenue, Newark, DE 19711
103 Units, Multifamily Housing

General Occupancy

Sources of Funds

  • Delaware State Housing Authority (DSHA) Housing Development Fund (HDF)
  • Conventional loan Delaware Community Investment Corporation (DCIC)
  • New Castle County HOME
  • City of Wilmington Community Development Block Grant (CDBG) and HOME

Project Description

Victoria Mews is an acquisition/rehabilitation of a 103-unit affordable community for general occupancy located in Newark, Delaware.  Acquired and rehabilitated in 2006 and 2007, Victoria Mews Apartments received the largest tax credit award in Delaware’s history.  Victoria Mews was a complex transaction involving multiple sources of funding such as DSHA HDF, DSHA HOME, conventional debt from Delaware Community Investment Corporation (DCIC), New Castle County HOME, City of Wilmington CDBG and HOME funds.  The project was fully occupied at the time of acquisition.  Testament to the development capabilities of DVDC is the fact that for the first time in the history of the state of Delaware, all three levels of government (i.e. local, County and State) provided financing on a project.

Project Status:  Completed 2007

1 and 2 Bedroom Apartments
(302) 368-2357