Blog

Read what we are up to

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...

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...

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...

April is Fair Housing Month. Here’s why you should care.

April is Fair Housing Month. So join me, for a moment, as we use this excuse to help raise some awareness about fair housing. April is an opportunity for all of us within the affordable housing industry to step back, take stock and share some statistics and stories with people outside the ... 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...