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Summary of 2019 Low-Income Housing Tax Credit Applications

The Delaware State Housing Authority (DSHA) received five applications for the 9% 2019 Low-Income Housing Tax Credits (LIHTC) for a total request of $4,477,667 LIHTC.  All of these projects are applying under the Family dwelling category. Two non-profit applications (one of which is a New ... read more...

HUD Accuses Facebook of Perpetuating Housing Discrimination

“Discrimination in housing-related advertising is against the law” said Paul Compton, general counsel for The Department of Housing and Urban Development. This sentiment was further stated by HUD Secretary Ben Carson who made clear that using a computer to limit a person’s housing choices based ... read more...

Notable Milestone Reached for Habitat Home Owner

On Saturday, April 13th, April Porter of Wilmington, a Habitat homeowner of 20 years, paid off her mortgage.  In congratulatory tradition, Habitat for Humanity held a ceremonial mortgage burning at her home that was attended by family, friends, and Habitat staff and board members. This is an ... read more...

Delaware State Housing Authority Releases 2019 Qualified Allocation Plan (QAP) Deadline Reminders

It’s that time of the year. The Delaware State Housing Authority (DSHA) has released QAP application deadlines for the Low Income Housing Tax Credit (LIHTC) 2019 round. Important due dates are as follows: February 15, 2019: deadline to apply to Delaware Transit Corporation for Draft ... read more...

Uncertainty Looms for Low-Income Tenants

With the Department of Housing & Urban Development (HUD) shutdown, the 70% rent subsidy for low-income tenants is not being paid to private building owners. The Washington Post reported that HUD is suggesting to landlords that they should draw on their reserves to make up shortfalls. ... read more...

Failure To Reach Continuing Resolution Causes shutdown and Procedure Changes for The Department of Housing and Urban Development

Whether funding for a future border wall is approved or not, the current shutdown of affordable housing programs: Rural Development (RD), the Department of Housing and Urban Development (HUD), and the Department of Treasury, means limited inquiries and effectively prevents any loan/grant ... read more...

Turns Out Mitigation Costs Less Than Rebuilding

A report from the National Institute of Building Sciences found that each dollar spent on hazard mitigation can save the nation six dollars in disaster recovery costs. That’s the bottom line; making a structure resilient before a natural hazard (like a storm or flood) is far less expensive than ... read more...

“Outstanding Success” for Benevolence Fund

22 September, 2018 by George Danneman in Uncategorized
  George Danneman and the staff of The Danneman Firm were honored to sponsor the Ingleside Homes, 12th Annual Golf Outing, which helps raise money for their Benevolence Fund. This fund assists seniors without family or financial resources, so that they can continue to live independent, ... read more...

Preliminary Reservation Awards for 2018 Low Income Tax Credits posted on Delaware State Housing Authority website

The Preliminary Reservation Awards for the 2018 Low Income Tax Credits (LIHTC) were posted on the Delaware State Housing Authority (DSHA) website. As predicted, being one of the fewer than average applicants this year paid off, with every applicant for 2018 Low Income Housing Tax Credits having ... read more...

Frequently Asked Questions about Delaware Rapid Arbitration

28 October, 2016 by George Danneman in The Danneman Firm
Since Delaware Gov. Jack Markell signed the Delaware Rapid Arbitration Act (DRAA) into law last year, we continue to receive questions about what it means for our clients and how rapid arbitration can benefit businesses registered in Delaware. If you have any more questions about how it can be ... read more...