USDA-Rural Development - Section 515 Direct Loan
Delaware State Housing Authority - 9% LIHTC, HDF, TCAP, 1602 Exchange Funds
Project TeamGeneral Contractor Gillis Gilkerson Architect Architectural Alliance Equity Investor Fulton Financial Corporation Management Severn Management Company Co-Developer Severn Development Company
Seaford Apartments is an acquisition and substantial rehabilitation of an existing 37 unit USDA Rural Development community that was originally built in 1990. The project underwent a comprehensive rehabilitation in 2010 with a scope of work that included gutting the building to provide an completely redesigned floor plan and facades, new kitchens, appliances, mechanical systems and many energy efficiency upgrades. The project exterior enhancements included new landscaping, new paving, a maintenance building and site-wide ADA compliance. The rehab also involved the demolition of an existing office and new construction of a large multi purpose clubhouse that includes a laundry room, meeting room, business center and management office. The property benefits from a 36 kW solar PV system was installed to offset the communities electricity consumption.