West Center Village - Delaware Valley Development Company

West Center Village

225 West 4th Street, Suite 1, Wilmington, DE
55 Units

Subsidized General Occupancy

Sources of Funds

  • Low Income Housing Tax Credit (LIHTC) equity
  • Delaware State Housing Authority (DSHA) Housing Development Fund (HDF)
  • City of Wilmington HOME
  • Permanent Loan from Delaware Community Investment Corporation (DCIC)
  • Conventional Construction loan
  • DSHA American Recovery and Reinvestment Act (ARRA) Section 1602 Tax Credit Exchange Program

Project Description

West Center Village is an acquisition and substantial rehabilitation of a scattered site 55-unit Project-Based Section 8 assisted family community in the West Center City neighborhood of Wilmington, Delaware. Purchased from Interfaith Community Housing of Delaware, Inc.(Interfaith), and managed by DVDC’s sister company, Fairville Management Company, this project, along with Monroe Terrace, is part of a larger initiative for the neighborhood, focusing on urban infill, homeownership, and providing advancement opportunities in a neighborhood that has many challenges. With an award of 2009 LIHTC from the DSHA, DSHA HDF loan, City of Wilmington HOME funds, a private loan through WSFS and DCIC, and Section 1602 funds, DVDC acquired portions of an existing scattered site project, as well as vacant sites from Interfaith and the Wilmington Housing Authority, to provide infill development within the neighborhood. The development includes a mix of rehabilitation and new construction on vacant lots in the core of the community, and will also provide for a new construction community center with management space and resident community space and programming. The additional community space will be essential to assisting the residents in this challenging neighborhood. Project residents were relocated through a rolling rehabilitation and rehousing program. West Center Village is one of the more difficult projects DVDC has undertaken. Some of the more significant challenges encountered included the substitution of properties under the Project Based Section 8 contract, scattered site nature of the existing development, complex scope of work consisting of rehabilitation and new construction, relocation and rehousing of residents, and extensive HUD process and approvals.

Project Status: Completed 2012