West Court - Delaware Valley Development Company

West Court

3201 Lancaster Acenue, Wilmington, DE 19805
80 Units
General Occupancy

Sources of Funds

  • Low Income Housing Tax Credit (LIHTC) equity
  • Delaware State Housing Authority (DSHA) HDF
  • Permanent Loan from Delaware Community Investment Corporation (DCIC)
  • Conventional Construction loan
  • Delaware Department of Public Health
  • City of Wilmington HOME

Project Description

West Court is an acquisition and rehabilitation of an 80-unit community for general occupancy in Wilmington, Delaware.  With the original buildings built prior to WWII, the units underwent approximately $60,000 of construction improvements in each of the 1, 2 and 3 bedroom units.  Construction included replacement of all systems in the buildings and relocation of all residents.  Construction of the project took approximately 18 months including an extensive relocation process.  Sources of funding included tax credit equity, DSHA Housing Development Fund, City of Wilmington, a conventional loan from DCIC, and the Delaware Department of Public Health. 

Project Status:  Completed 2005