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City of Dover Downtown Development District

Learn about the Downtown Development District Act in Dover, including cash rebates, fee waivers, tax abatements, and other incentives for construction and property improvements.

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City of Dover Downtown Development District

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  1. City of DoverDowntown Development District

  2. Downtown Development District Act • Approved unanimously by General Assembly in June 2014 • Designation of Downtown Development Districts (no more than 3 in first year) • Funding of Downtown Development District Grants ($7 million appropriated for FY15)

  3. Selection of Districts • Application Process • Need and Impact • District Plan • Local Incentives • Reviewed by Cabinet Committee on State Planning Issues

  4. Dover’s Downtown Development District Plan

  5. Dover’s Downtown Development District • Includes Central Business District and Adjacent Neighborhoods • Need demonstrated • 84% rental rate • High crime concentrations • Vacancy • Condemned Buildings

  6. What Does This Mean? • Cash Rebates on Construction Costs • Fee Waivers • Tax Abatements and Credits • Façade Improvement and Architectural Grants And More!!!

  7. Cash Rebates • State of Delaware - 20% cash rebates (once rebate amount reaches $500,000, percentage decreases) • Kent County will match State rebate up to $10,000 • Capital construction costs only • Rebate eligible for costs over $25,000

  8. Fee Waivers – City of Dover • Building Permit Fees • Sewer and Water Impact Fees (City only) • Business License Fees for New Businesses (3 years)

  9. Tax Benefits • Rebate of buyer transfer tax at Certificate of Occupancy • Tax abatement on the value of improvements for 10 years • State Historic Preservation Tax Credits • City Tax Credits for Historic Properties

  10. Homeownership Incentives • Property tax waiver for owner-occupied homes • Phase in over 5 years • Must stay in home for 4-year period • Transfer tax waiver for first-time buyers • Seller also eligible in District • May be eligible for Dover First Start down payment assistance

  11. Other Incentives • Downtown Dover Partnership • Architectural assistance up to $5,000 • Façade Improvement Grant Program • Sustainable Energy Utility • Reduced cost energy audits • High rebates for energy efficiency improvements

  12. Incentive Value Example

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