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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...

DSHA releases draft plan for next five years of housing needs

Looking for a snapshot of what Delaware housing market will look like over the next five years? You can find one inside the Delaware Housing Needs Assessment, 2015-2020, part of the proposed Delaware State Housing Authority Consolidated Plan. The Consolidated Plan, issued every five years, ... read more...

New Samuel Chase Apartments in Maryland show how Low Income Housing Tax Credits can rehabilitate community

If you want to see an excellent example of what can be accomplished with tax credits from the Low Income Housing Tax Credit (LIHTC) program, look just south of Delaware to Princess Anne, Maryland, where LIHTCs are being used to renovate and rehabilitate a 60-unit community. I was proud to work ... read more...

The Delaware State Housing Authority (DSHA) Received Nine Low Income Housing Tax Credit (LIHTC) Applications under the 2014 Qualified Allocation Plan (QAP)

The Delaware State Housing Authority (DSHA) received nine (9) Low Income Housing Tax Credit (LIHTC) applications under the 2014 Qualified Allocation Plan (QAP) approved by Governor Jack Markell.  Of the nine (9) applications, three (3) of them are seeking non-competitive 4% Low Income Housing ... read more...

Note for 2014 Delaware Low Income Housing Tax Credit (LIHTC) Applications also Seeking Housing Development Fund (HDF) Financing

The Delaware State Housing Authority (DSHA) sent out an e-mail requesting those Low Income Housing Tax Credit (LIHTC) Applicants for either 4% or 9% tax credits also seeking Housing Development Fund (HDF) financing to submit a request as soon as possible to the Delaware State Housing Authority ... read more...

2014 Low Income Housing Tax Credit Application Deadline for Delaware Approaching

Per the Qualified Allocation Plan (QAP) adopted by Governor Jack Markell, the 2014 Low Income Housing Tax Credit Application (LIHTC) deadline is quickly approaching for Delaware.  I thought this may be a good time to post a reminder.  Applications are due on or before April 30, 2014 at 3:00 PM ... read more...

Energy Audit Clarification for 2014 Delaware State Housing Authority (DSHA) Qualified Allocation Plan (QAP)

In response to questions about the required certification for an energy auditor under the 2014 Qualified Allocation Plan (QAP), the Delaware State Housing Authority (DSHA) released a statement allowing a certification by RESNET (Residential Energy Services Network) in addition to the Building ... read more...

Delaware State Housing Authority (DSHA) Increases Housing Development Funds (HDF) available for 4% Low Income Housing Tax Credit (LIHTC) Developments

The Delaware State Housing Authority (DSHA) increased the Housing Development Funds (HDF) available for 4% Low Income Housing Tax Credit (LIHTC) developments from $5 million to $8 million.  The Housing Development Fund (HDF) is a State loan fund that provides gap financing for affordable ... read more...

Delaware State Housing Authority (DSHA) Low Income Housing Tax Credits (LIHTC) Web Based Online Application

The Delaware State Housing Authority (DSHA) web based online application for Low Income Housing Tax Credits (LIHTC) is available here.  As you know, when completing the application, you should reference the approved 2014 Qualified Allocation Plan (QAP) which provides the framework for the ... read more...

2014 Delaware Low Income Housing Tax Credit (LIHTC) Qualified Allocation Plan Approved

The 2014 State of Delaware Low Income Housing Tax Credit (LIHTC) Qualified Application Plan (QAP) was approved this week.  Delaware’s QAP details the guidelines and application process for affordable housing developers seeking Low Income Housing Tax Credits.  The Delaware State Housing ... read more...