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Delaware’s 2019 Low-Income Housing Tax Credit Awards

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...

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...

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...

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...

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...

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...

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...

Strong Neighborhoods Housing Fund will strengthen communities throughout Delaware

Strong neighborhoods are built on solid foundations and residents who take pride in their community. That’s why we’re seeing a push from Gov. Jack Markell, the general assembly and local business and civic leaders to support residents inside the city cores in Delaware, as part of the Downtown ... 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...