Carper, Delaware National Bank to Announce Housing Grants: Nearly $700,000 to help fund projects in Laurel, Seaford

Carper, Delaware National Bank to Announce Housing Grants: Nearly $700,000 to help fund projects in Laurel, Seaford

Georgetown, DE – January 27, 2009 – (RealEstateRama) — U.S. Sen. Thomas R. Carper (D-DE) will announce the awarding of nearly $700,000 in affordable housing grants to Sussex County Habitat for Humanity  at noon Friday, January 30, at the Habitat for Humanity ReStore facility, 107 Depot Street in Georgetown, DE.

Delaware National Bank, along with the Federal Home Loan Bank of Pittsburgh (FHLBank), is making the funds available to Habitat to complete the final phase of the Concord Village neighborhood in Seaford and for the West Laurel Revitalization Project. Both projects are sponsored by Sussex County Habitat.

Concord Village, a 19-home subdivision, will add five single-family ranch style homes in its final phase and will receive $242,858 in grant money. The West Laurel project, which will receive $440,000, involves the construction of eight twin town homes.

As with all its projects, Habitat has enlisted plentiful volunteer support, including labor from college students and construction materials from business sponsors. Future homeowners  provide “sweat equity” as they chip in with construction. Homeowners range from single mothers to longtime area families.

Speakers at Friday’s event will include Sen. Carper, former member of the Senate Banking Committee and an advocate of affordable housing; Kevin Gilmore, executive director of Sussex County Habitat; and officials of Delaware National Bank and FHLBank Pittsburgh. Area housing, economic and community development leaders will also attend the event.

Since 1991, Sussex County Habitat for Humanity has built 37 homes for those in need. 162 individuals – 58 adults and 104 children – currently live in these Habitat homes.

The site of Friday’s event, ReStore, is a resale center for building materials, home fixtures, appliances, tools, furniture and household items. These and other items are offered to the public at prices at least 50 percent below retail. Proceeds from the ReStore go directly into the construction of affordable homes for Sussex County families.

Directions to the ReStore and Friday’s event can be found at: www.sussexcountyhabitat.org

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