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Delaware’s 2019 Low-Income Housing Tax Credit Awards

12 July, 2019 by George Danneman in Affordable Housing and Tax Credit Developments in Delaware, Affordable Housing and Tax Credit Developments Nationally, Delaware Council on Housing, The Basics on Affordable Housing and Tax Credits, The Danneman Firm
The 9% Low-Income Housing Tax Credit (LIHTC) Application results are in. The Delaware State Housing Authority (DSHA) chose to award only three of the five applicants for total requests of $3,000,000. All three projects were under the Family distinction. They are: (1) Pennrose, LLC on behalf of ... read more...

Notable Milestone Reached for Habitat Home Owner

23 April, 2019 by George Danneman in The Danneman Firm
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

13 February, 2019 by George Danneman in Affordable Housing and Tax Credit Developments in Delaware, Affordable Housing and Tax Credit Developments Nationally, Delaware Council on Housing, The Basics on Affordable Housing and Tax Credits, The Danneman Firm
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

23 January, 2019 by George Danneman in Affordable Housing and Tax Credit Developments in Delaware, Affordable Housing and Tax Credit Developments Nationally, The Basics on Affordable Housing and Tax Credits, The Danneman Firm
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

2 January, 2019 by George Danneman in Affordable Housing and Tax Credit Developments in Delaware, Affordable Housing and Tax Credit Developments Nationally, Delaware Council on Housing, The Basics on Affordable Housing and Tax Credits, The Danneman Firm
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...

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...

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...