The Community Redevelopment Fund, a matching capital grant program, was signed into law by Governor Thomas R. Carper on July 11, 1995 as Title 29 Chapter 6102A (i) of the Delaware Code as amended by Volume 70, Chapter 210, Laws of Delaware. This fund is administered by the Office of Management and Budget with the assistance of the Office of the Controller General. Grants awarded from the Community Redevelopment Fund are to be used for:
Community-based non-profit organizations and county and local governments are eligible to receive capital matching grants from the Community Redevelopment Fund.
State agencies, institutions of higher education, public libraries, churches, for-profit organizations and private schools are NOT eligible for funds from the Community Redevelopment Fund.
Grants from the Community Redevelopment Fund are to match funds provided by other non-state sources. Community-based non-profit organizations and county and local governments can receive State grants to cover up to 40 percent match of project costs. The applicant must supply 60 percent of the total project costs in-cash or in-kind from non-state sources.
Community Redevelopment Fund questions should be directed to Damian DeStefano.