Nonprofit developers seeking to build or renovate affordable residences can apply for the Catalyst Fund through the Delaware State Housing Authority.

The program aims to promote neighborhood revitalization and equitable recovery by supporting efforts to address vacant properties in communities disproportionately impacted by the pandemic.

State and Local Fiscal Recovery Funds and the American Rescue Plan Act finance the initiative, announced by Gov. John Carney and the housing authority in July 2022, along with other similar efforts.

Applicants must be 501(c)(3) nonprofits, demonstrate a stable source of construction financing and complete an application at destatehousing.com/Developers/dv_cf.php.

Funds are also available for for-profit developers, who must apply through Cinnaire, the state’s Catalyst Fund partner.

For information, email catalystfund@destatehousing.com. Eligible development areas can be found at arcg.is/afy5r0.