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Lewes, Delaware
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November 19, 2004     Cape Gazette
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November 19, 2004
 

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CAPE GAZETTE, Friday, Nov. 19 - Nov. 22, 2004 - 51 Delaware now offers below-market mortgage rates Gov. Ruth Ann Minner recently announced that $100 million worth of below-market interest rate mortgages will be made available before the end of the year to first-time homebuyers with low and moderate incomes through Delaware State Housing Authority (DSHA). The upcom- ing series is the largest single- family mortgage revenue nonre- funding bond issue ever released Agricultural mentoring program enters Phase II In Phase II of the mentoring program started earlier this year, the University of Delaware (UD) Cooperative Extension is looking for people interested in working with an agricultural business mentor. In today's agriculture there is less opportunity to connect with mentors outside of the family, and there are fewer neighbors and friends in farming. There are many small- to medium-sized farming enterprises that could benefit from having a mentor. Often new farmers or farm fami- lies wanting to start alternative agricultural enterprises have a tough time making them prof- itable. Smaller farmers and those new to the land may not have the depth of resources, technical skill or agribusiness knowledge to make their venture a success. The University of Delaware Coopera- tive Extension has trained men- tors ready to help. This program is designed to improve profitabil- ity for small to medium produc- ers. The university will match agriculture mentors with farmers wanting to start a new agriculture enterprise or expand an existing one. Specifically, UD will be work- ing with those who are interested in direct on-farm marketing - sales from the farm; sales through the internet; value added produc- tion - turning farm raised animals or crops into retail products; farm-based entertainment; and tourism. While similar in concept to the SCORE Program, Delaware Agri- cultural Business Mentoring em- phasis is on agriculture. Under this new program partic- ipating farmers will receive one- on-one counseling with a trained mentor during a six-month peri- od. At the end of this period, the participating farmers will have a completed marketing plan and overall business plan for their new or expanded enterprise. Those interested in exploring the unique opportunity to help mentor farm families should con- tact Gordon Johnson or Nancy Petitt at 302-730-4000 or email gj0hn@udel.edu or npetitt @udel.edu. by DSHA. "It is exciting to be able to pull together a financing package that helps Delaware's hard-working families purchase their first home and invest in their future," Minner said. "In making homeownership affordable to a greater number of families, we are increasing the impact on Delaware's overall economy and social structure." The funds are nearly double the amount announced last year at this time. DSHA expects to serve nearly 1,000 families with this se- ties, which is more than any pre- vious single bond issue. This will bring the total number of families assisted with low-interest mort- gages to nearly 2,200 under the current administration. "Becoming a homeowner for the first time is important to the residents we serve," said DSHA Director Sandy Johnson. "Ac- cording to a 2003 U.S. Census Bureau housing survey, Delaware is tied in second place with Min- nesota for the highest homeown- ership rate - 77.2 percent. Many families are able to afford a mort- gage, but face challenges in meet- ing the up-front costs in the home buying process and finding homes within their reach - especially in Sussex County where the average 12 Oak Meadows, Miilsboro [ Fantastic 3 BK 2 BA home on lovely landscaped land with mature trees. All new: deck, vinyl ] flooring, counter'tops and wallpaper in kitchen, crown molding throughout. Visit www.tansev.com [ for photos I " Asking price of $169,000 includes the land. I I DIRECTIONS: From Rt. 1 in Rehoboth, take 24 West. Turn left at the iniersection with the I a Nanticoke Indian Museum on the corner. Turn right on Oak Meadows Drive. House on right. ]   ,,,:, ,.,., home price is over $3001000. To help them attain the American Dream, this bond issue wilt again include grants equal to 4 percent of the loan to assist with down payment and settlement costs." Under Minner's tenure, DSHA has issued approximately $160 million in low-interest mortgage money. The additional $100 mil- lion in mortgage money will be released in increments to remain current with market conditions. The first round of funding will be in the amount of $10 million. For information on affordable homeownership programs, visit www2.state.de.us/dsha. 302-381-5565 (cell) www.allisonstine.com Open House Saturday, November 20th NOON - 3PM Ready for Immediate Occupancy-Villages of Five Points-West Village Large bungalow with modern floorplan, 4 BR, 2 1/2 BA with ground floor Master suite, family room with tray ceiling and gas fireplace, formal living and dining rooms, terrace with pergola and full basement. Short drive to Lewes and Rehoboth beach- es and ferry. Walk to retail shops, dining, community pool. $479,000 (geo) 00=m=mllj Rt 1, Lem Hickman's Beach Plaza, Bethany Beach, DE I1 800.928.8800" 302.539.8600 [] Christiana Home Loan offers help for Home Owners $ The Time to Purchase or Refinance is NOW! $ $ i 1 RE,00,00WE : Receive $350 rebate off ! dosing eost* when refinancing or pur- ! chasing your home with [ Chsffana Home Loan ! *Must present this coupon I at time of application. I Rates subjedl to change without notice. I APR5.76% I Ik mm mm m m m m m mm mm  m mm mill mm mm m mm m m mm -JI -Save Thousands of Dollars in Interest! $ CamS00UmB IOXl LO&gd$ -L Call Us Now! Don't Wait 302.227-8222 Liseensed Mortgage Broker DE, MD, PA I I I CamS00UmB HOLES LOANdL db CAPE GAZETTE, Friday, Nov. 19 - Nov. 22, 2004 - 51 Delaware now offers below-market mortgage rates Gov. Ruth Ann Minner recently announced that $100 million worth of below-market interest rate mortgages will be made available before the end of the year to first-time homebuyers with low and moderate incomes through Delaware State Housing Authority (DSHA). The upcom- ing series is the largest single- family mortgage revenue nonre- funding bond issue ever released Agricultural mentoring program enters Phase II In Phase II of the mentoring program started earlier this year, the University of Delaware (UD) Cooperative Extension is looking for people interested in working with an agricultural business mentor. In today's agriculture there is less opportunity to connect with mentors outside of the family, and there are fewer neighbors and friends in farming. There are many small- to medium-sized farming enterprises that could benefit from having a mentor. Often new farmers or farm fami- lies wanting to start alternative agricultural enterprises have a tough time making them prof- itable. Smaller farmers and those new to the land may not have the depth of resources, technical skill or agribusiness knowledge to make their venture a success. The University of Delaware Coopera- tive Extension has trained men- tors ready to help. This program is designed to improve profitabil- ity for small to medium produc- ers. The university will match agriculture mentors with farmers wanting to start a new agriculture enterprise or expand an existing one. Specifically, UD will be work- ing with those who are interested in direct on-farm marketing - sales from the farm; sales through the internet; value added produc- tion - turning farm raised animals or crops into retail products; farm-based entertainment; and tourism. While similar in concept to the SCORE Program, Delaware Agri- cultural Business Mentoring em- phasis is on agriculture. Under this new program partic- ipating farmers will receive one- on-one counseling with a trained mentor during a six-month peri- od. At the end of this period, the participating farmers will have a completed marketing plan and overall business plan for their new or expanded enterprise. Those interested in exploring the unique opportunity to help mentor farm families should con- tact Gordon Johnson or Nancy Petitt at 302-730-4000 or email gj0hn@udel.edu or npetitt @udel.edu. by DSHA. "It is exciting to be able to pull together a financing package that helps Delaware's hard-working families purchase their first home and invest in their future," Minner said. "In making homeownership affordable to a greater number of families, we are increasing the impact on Delaware's overall economy and social structure." The funds are nearly double the amount announced last year at this time. DSHA expects to serve nearly 1,000 families with this se- ties, which is more than any pre- vious single bond issue. This will bring the total number of families assisted with low-interest mort- gages to nearly 2,200 under the current administration. "Becoming a homeowner for the first time is important to the residents we serve," said DSHA Director Sandy Johnson. "Ac- cording to a 2003 U.S. Census Bureau housing survey, Delaware is tied in second place with Min- nesota for the highest homeown- ership rate - 77.2 percent. Many families are able to afford a mort- gage, but face challenges in meet- ing the up-front costs in the home buying process and finding homes within their reach - especially in Sussex County where the average 12 Oak Meadows, Miilsboro [ Fantastic 3 BK 2 BA home on lovely landscaped land with mature trees. All new: deck, vinyl ] flooring, counter'tops and wallpaper in kitchen, crown molding throughout. Visit www.tansev.com [ for photos I " Asking price of $169,000 includes the land. I I DIRECTIONS: From Rt. 1 in Rehoboth, take 24 West. Turn left at the iniersection with the I a Nanticoke Indian Museum on the corner. Turn right on Oak Meadows Drive. House on right. ]   ,,,:, ,.,., home price is over $3001000. To help them attain the American Dream, this bond issue wilt again include grants equal to 4 percent of the loan to assist with down payment and settlement costs." Under Minner's tenure, DSHA has issued approximately $160 million in low-interest mortgage money. The additional $100 mil- lion in mortgage money will be released in increments to remain current with market conditions. The first round of funding will be in the amount of $10 million. For information on affordable homeownership programs, visit www2.state.de.us/dsha. 302-381-5565 (cell) www.allisonstine.com Open House Saturday, November 20th NOON - 3PM Ready for Immediate Occupancy-Villages of Five Points-West Village Large bungalow with modern floorplan, 4 BR, 2 1/2 BA with ground floor Master suite, family room with tray ceiling and gas fireplace, formal living and dining rooms, terrace with pergola and full basement. Short drive to Lewes and Rehoboth beach- es and ferry. Walk to retail shops, dining, community pool. $479,000 (geo) 00=m=mllj Rt 1, Lem Hickman's Beach Plaza, Bethany Beach, DE I1 800.928.8800" 302.539.8600 [] Christiana Home Loan offers help for Home Owners $ The Time to Purchase or Refinance is NOW! $ $ i 1 RE,00,00WE : Receive $350 rebate off ! dosing eost* when refinancing or pur- ! chasing your home with [ Chsffana Home Loan ! *Must present this coupon I at time of application. I Rates subjedl to change without notice. I APR5.76% I Ik mm mm m m m m m mm mm  m mm mill mm mm m mm m m mm -JI -Save Thousands of Dollars in Interest! $ CamS00UmB IOXl LO&gd$ -L Call Us Now! Don't Wait 302.227-8222 Liseensed Mortgage Broker DE, MD, PA I I I CamS00UmB HOLES LOANdL db