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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...

Rural Development seeks applications for 538 Guaranteed Loan Program

USDA’s Rural Development (RD) published a notice last week in the Federal Register calling for applications for loan guarantees under the Section 538 Guaranteed Rural Rental Housing Program (538 Program) for FY 2016. The 538 Program works with qualified private-sector lenders to provide ... read more...

New information and approaching deadlines from the DSHA

Recently, the Delaware State Housing Authority (“DSHA”) posted some new information on its 2016 QAP Question and Answer Forum. Here is a brief summary of the information posted: • Liberty Court Apartments, Dover: DSHA has received preliminary approval from HUD to convert the Liberty Court ... read more...

Welcoming Stephen M. Kessler as Director of Title Operations and Senior Counsel

16 February, 2016 by George Danneman in The Danneman Firm
Today, The Danneman Firm is pleased to welcome Stephen M. Kessler as the firm’s Director of Title Operations and Senior Counsel. Kessler will work out of The Danneman Firm’s office in Wilmington, Delaware. Kessler brings broad experience in commercial real estate law, title expertise and ... read more...

Second round of Downtown Development District grants opens March 1

It was just over a year ago that Gov. Jack Markell announced the creation of the Downtown Development District Grant Program. Last year, the state announced the first 13 projects to receive funding. Now, the governor has announced another 11 projects for 2016 – and there is so much interest in ... read more...

Affordable Housing: The most effective tool to fight homelessness

This week, the National Coalition for the Homeless recognizes National Hunger and Homelessness Awareness Week, held every year in the week before Thanksgiving. It’s a powerful message and reminder of the realities of our world, as we prepare to celebrate the season with food and family at home. ... read more...

Congress needs to act to prevent rental assistance (RA) crisis

Around the country, property managers of low-income housing developments have been receiving letters from the Rural Housing Service of the United States Department of Agriculture, warning them that the funding for their Rental Assistance (RA) contracts will be exhausted before the end of the ... read more...

Delaware State Housing Authority (DSHA) announces preliminary rankings for 2015 LIHTCs

Delaware State Housing Authority (DSHA) has just released the 2015 Low-Income Housing Tax Credit (LIHTC) preliminary rankings for the competitive 9% applications. Three projects are preliminarily ranked to receive credits totaling $2,491,923: Our Lady of Grace Apartments on East Chestnut Hill ... read more...

First draft of federal spending bill slashes affordable housing programs

How will affordable housing programs fare as the new Republican Congress and the president wrestle over the 2016 budget? Not well, if the first draft of the Transportation, Housing and Urban Development, and Related Agencies Appropriations bill is taken at face value. The bill coming out of the ... read more...