Funding available for Community Reinvestment in Delaware

The Community Reinvestment Fund is a capital grant program established by the Delaware General Assembly, designed to foster community redevelopment, revitalization, and investment capital projects. Its overarching mission is to improve the economic, cultural, historical, and recreational health of Delaware communities. This program aligns with a strategic priority to enhance local well-being and stimulate growth across various sectors within the state. The target beneficiaries of this grant program include county and local governments, community-based nonprofit organizations, and private sector nonprofit organizations that hold a 501(c)3 designation at the time of application. The program specifically excludes state agencies, school districts, charter schools, private schools, institutions of higher education, childcare facilities, churches, fire companies, fiscal agents, and for-profit organizations. The impact goals are broad, aiming for a holistic improvement in community health. The program prioritizes projects that involve preconstruction costs, land acquisition, building construction, reconstruction, rehabilitation, or restoration. It also supports the acquisition or installation of apparatus or equipment permanently attached to buildings, and the acquisition and improvement of land for project sites. Furthermore, the construction of sidewalks, sewers, or water mains connecting to public systems are eligible. These priorities demonstrate a focus on tangible, capital-intensive projects that build or restore essential community infrastructure. The expected outcomes and measurable results include the successful completion of capital projects that contribute to the economic, cultural, historical, and recreational health of Delaware communities. While specific metrics are not detailed, the emphasis on "redevelopment," "revitalization," and "investment" suggests a theory of change where targeted capital injections lead to observable improvements in community assets and overall quality of life. The program implicitly aims for a ripple effect, where improved infrastructure and facilities foster greater community engagement, economic activity, and cultural preservation.