State: DE
Resource Intensity: Medium
Co-founding: No
Cost Share: N/A
Sector: Greening and Land Use
Support Stage: Implementation
Support to: Local Governments
Type of Funding: Loan

This program is administered by the Department of Natural Resources and Environmental Control. Depending on the land parcel selected, DDA and/or DNREC land conservation program staff will provide the necessary land conservation program application, explain program criteria, and enter into sponsorship agreements with municipalities. Necessary land appraisals and negotiations with land owners will be arranged or conducted by DDA and/or DNREC land conservation program staff. Loan settlement will be facilitated by Environmental Finance in consultation with attorneys representing the municipality, the and owner, and the WPCRF program. Municipalities shall begin loan repayment 30 days after loan settlement based on semi-annual loan debt service payments.