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Delaware State Housing Authority (DSHA) will hold its 2013 Low Income Housing Tax Credit (LIHTC) Qualified Allocation Plan (QAP) Public Hearing December 14, 2012

On December 14, 2012 from 9:30 AM – 11:00 AM, the Delaware State Housing Authority (DSHA) will hold its 2013 Low Income Housing Tax Credit (LIHTC) Qualified Allocation Plan (QAP) public hearing at the Department of Natural Resources & Environmental Control’s (DNREC) Auditorium ... read more...

Hurricane Sandy and Low Income Housing Tax Credit (LIHTC) Properties

The Internal Revenue Service (IRS) and the Department of Treasury will be waiving the low-income and non-transient requirements for Low Income Housing Tax Credit (LIHTC) Properties providing temporary housing to disaster victims rendered homeless by Hurricane Sandy in certain counties.  Without ... read more...

Delaware State Housing Authority (DSHA) Annouces Preliminary Rankings for 2012 Low Income Housing Tax Credits

The Delaware State Housing Authority (DSHA) announced preliminary rankings for the 2012 Low Income Housing Tax Credit (LIHTC) round in response to its Qualified Allocation Plan (QAP).  The low income housing tax credits are an essential tool in providing quality affordable housing opportunities ... read more...

Three Affordable Housing Developments Earn The Department of Housing and Urban Development’s (HUD) Design Award

Three affordable housing developments earned the prestigious HUD Secretary’s Housing and Community Design Award. The U.S. Department of Housing and Urban Development (HUD) and the American Institute of Architects (AIA) selected Richardson Apartments in San Francisco, California; Bud Clark ... read more...

Rural Development’s Section 538 Program and Obama’s New Budget Proposal

The U.S. Department of Agriculture (USDA) Rural Housing Service (RHS) is planning to meet regarding Section 538 program. Section 538 program is to designed to promote commercial financing of rural affordable housing for low and moderate income people. Through the 538 program, the USDA ... read more...

2012 Delaware State Housing Authority Low Income Housing Tax Credit (LIHTC) Applications Received

The Delaware State Housing Authority (DSHA) received eight applications for 2012 Low Income Housing Tax Credits (LIHTC) in response to the 2012 Qualified Allocation Plan (QAP) for a total request of $4,160,226 LIHTC.  It could be said that this is the year of the new construction project.  Of ... read more...

Delaware’s 2012 Qualified Allocation Plan (QAP) – Clarifications by the Delaware State Housing Authority (DSHA)

In response to questions by developers, the Delaware State Housing Authority (DSHA) provided some clarifications to its 2012 Qualified Allocation Plan (QAP) for Delaware’s annual allocation of low income housing tax credits (LIHTC). Pool Limit – A tax credit application should not request more ... read more...

2012 Rent and Income Limit Calculator

Novogradac & Company LLP has released the final version of the Rent & Income Limit Calculator© featuring the U.S. Department of Housing and Urban Development’s (HUD) 2012 rent and income limit data. The Rent & Income Limit Calculator© can calculate IRC Section 42(i)(3)(A) ... read more...

Housing Credit Percentage Reverting Back to Floating Federal Rate

Many of you are already aware, the applicable housing credit percentage will revert back to the floating federal rate for tax credit developments that do not place in service by December 30, 2013. The Delaware State Housing Authority’s (DSHA’s) low income housing tax credit (LIHTC) ... read more...

Low Income Housing Tax Credit (LIHTC) Qualified Allocation Plan (QAP) Has Been Approved

The Delaware State Housing Authority (DSHA) announced the 2012 Low Income Housing Tax Credit (LIHTC) Qualified Allocation Plan (QAP) has been approved and is effective as of January 3, 2012.  The application process is now open and submissions for the 2012 LIHTC application cycle will be ... read more...