Realizing that successful economic development goes hand in hand with strengthening distressed neighborhoods, the LRC and several partners applied for and received a Strong Neighborhoods Fund grant for $500,000.
The grant will be used to build four new homes and purchase and rehabilitate six additional homes in Laurel’s Old Town neighborhood, which is the area between Central Avenue and Oak Street (east-west) and the waterfront and Market Street (north-south). It is the oldest part of Laurel.
Milford Housing Development Corporation will build the four new homes. Sussex County Habitat for Humanity will purchase and rehabilitate six homes. The town is donating a vacant residential lot at the corner of Oak and Market streets, as well as a section of the town-owned parking lot on Second Street.
The LRC also received a $1 million line of credit from NCALL to help finance the work, if needed. The Strong Neighborhoods project represents an evolution in mission for the LRC.
Read the News Journal story.