Received 10 Applications
On November 1, 2014, 10 local governments submitted applications to be considered for designation as a Downtown Development District. Applications were received from Clayton, Dover, Middletown, Milford, Milton, New Castle County, Newark, Seaford, Smyrna and Wilmington. The Office of State Planning Coordination is managing the review of these applications for eventual consideration by the Governor.
Public Comment Period
The public comment period is open for the “Guidelines Governing the Administration and Review of Applications for Designation as DDDs”.
For more information visit the Office of State Planning Coordination’s website, http://stateplanning.delaware.gov/ddd/.
A new study from the Center for Neighborhood Technology affirms that homes located near public transportation maintain their property values better than homes without transit access. The study found that residential property values hold their value 42 percent better on average if located within a half-mile of public transportation that has high-frequency service. Studies have also shown that consumers are willing to pay more for housing located in areas that exemplify new urbanist principles or are “traditional neighborhood developments.” These neighborhoods are walkable, higher density, and have a mix of uses as well as access to jobs and amenities such as transit.
The National Association of Realtors publishes On Common Ground twice yearly to focus on topics of Smart Growth, including enhancing the existing assets of a community, the long-term implications of various development patterns, and the fiscal impacts of these patterns. The following issues focus on:
- Sustainable Housing, including the need for affordable housing
- The New Norm, which describes how the real estate market is evolving toward a new normal marked by growing urbanization, greater sustainability, and more transportation choices
- Placemaking and Economic Development details the economic importance of place and how “placemaking” is being used as an economic development strategy. Cities are finding that providing appealing places where people can interact — parks, plazas, main streets, markets — can spur economic prosperity and jobs.
- Megatrends for the Decade highlights changes in demographics and consumer behavior—characterized as a cultural and demographic shift away from suburban sprawl—that will impact transportation preferences and real estate market demands.