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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...

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...

Tiberi-Neal bill can and should create permanent credit floor for LIHTCs

Almost a month since it was introduced, my eyes continue to be on H.R. 1142, the bill introduced by Congressmen Pat Tiberi (R-OH) and Richard Neal (D-MA) that will, if passed, create a permanent credit floor in both 9% and 4% LIHTC programs. The bill currently has 19 additional co-sponsors, ... 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...

Affordable Housing Discussed on Comcast’s Newsmakers for Delaware

David Layfield, Principal of Green Street Housing and Board Member of the Council for Affordable and Rural Housing (CARH) appeared on Comcast’s Newsmakers for Delaware and discussed the benefits and importance of the Low Income Housing Tax Credit (LIHTC) Program administered locally by ... read more...