DE West Center Village

West Center Village
225 W. 4th Street, Wilmington, DE 19801

55 Units
Subsidized General Occupancy
Placed in Service: 2013

West Center Village was 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. With an award of 2009 Low Income Housing Tax Credits 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. 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. Residents were relocated through a rolling rehabilitation and rehousing program.

Source of Funds:

• LIHTC Equity
• Delaware State Housing Authority (DSHA) Housing Development Fund (HDF) Loan
• City of Wilmington HOME Loan
• Federal Historic Tax Credits
• Delaware State Historic Tax Credits
• DSHA American Recovery and Reinvestment Act (ARRA) Section 1602 Tax Credit Exchange Program
• Conventional First Mortgage
• Conventional Construction Loan