Through the Community Development program, the City administers the following:
Office Hours: Monday – Thursday 8:30 am to 5:30 pm. Friday 8:30 am to 4:00 pm.
Dave Carpenter, Community Development Planner
Mission Statement - Community Development Office
Create a viable urban environment through the improvement of housing and employment opportunities for low and moderate income people and through improving and/or expanding public facilities and services.
Major Service Responsibilities for the Community Development Office
- Review loan applications to the Housing & Economic Loan Programs.
- Preparation of all closing documents and payment administration of all approved loans.
- Prepare scope of work, solicit bids, prepare bid analysis/results, contracts and change orders and inspection reports of projects.
- Develop annual CDBG grant application to HUD.
- Solicit Community Development Grant proposals.
- Verify compliance with Federal laws (Davis-Bacon Wage Rates) for all CDBG-funded projects.
- Develop the annual Grantee Performance Report.
- Create Annual Consolidated Plan Performance Report for HUD.
- Monitor 30 to 50 outstanding loans, projects, and subrecipients.
Dover Economic Loan Program
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Entrepreneurial spirit in a community reflects the economic health of business and can provide job opportunities to residents. Good business ideas, however, need support from many sources in order to prosper. The Dover Economic Loan Program can provide partial financial assistance needed to ensure the viability of promising business ventures. If you are planning to expand a business, or even to start a new one, this program can help turn your plans into a reality.
• Increased employment opportunities for low and moderate income residents
• Expansion of Dover's business community.
• Improved appearance of commercial/industrial properties
• Sole proprietorships.
• Expansion of existing businesses
• Acquisitions of land and buildings
• Construction and rehabilitation
• Modernization of processes
• Acquisition of equipment and machinery
• Leasehold improvements
• Job training
• Working capital
• Interest: Fixed at time of commitment usually not to exceed 75% of prime
• Loan Amount: Up to$50,000, not to exceed 25% of project costs. Exceptions for substantial benefit
• Term: Flexible, up to 25 years. Tailored to economic life of financed assets
• Collateral: Secured position usually secondary to first lien holder. Local lending considerations will determine form and substance of security requirements.
• Benefit: At least 51% of jobs created or retained must be filled by low or moderate income residents
• Financing Availability: Other financing must not be available for total project