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Delaware State Housing Authority (DSHA) Final 2011 Low Income Housing Tax Credit (LIHTC) Rankings

The Delaware State Housing Authority (DSHA) released its final 2011 Low Income Housing Tax Credit (LIHTC) rankings from the 2011 Qualified Allocation Plan (QAP).  You can see them here: 2011 LIHTC Rankings Dec 2011.  With one project returning its Low Income Housing Tax Credits (LIHTC), the ... read more...

Delaware State Housing Authority (DSHA) 2012 Qualified Allocation Plan (QAP) Presented to the Public

This past Monday, the Delaware State Housing Authority (DSHA) presented its draft 2012 Qualified Allocation Plan for the Low Income Housing Tax Credit (LIHTC) application to the public and received comments.  Overall, the meeting went very well and the tenor of the meetings and comments were ... read more...

November Delaware State Council on Housing (COH) Public Session

The monthly Delaware State Council on Housing (COH) meeting was held at the Buena Vista Conference Center in New Castle, Delaware.  Please see the agenda, funding requests and resolutions , October, 12, 2011 meeting minutes and 2012 proposed meeting schedule. The Delaware State Housing ... read more...

25th Anniversary of the Low Income Housing Tax Credit (LIHTC) Program

This month marks the 25th anniversary of the federal Low Income Housing Tax Credit (LIHTC) program, which was part of the Tax Reform Act of 1986 signed into law by Ronald Reagan on Oct. 22, 1986. Created to attract private financing for the construction and rehabilitation of affordable housing ... read more...

Temporary Housing Relief for Storm Victims in Pennsylvania

The Internal Revenue Service (IRS) suspended the income limitations, status of units, and non-transient requirements under Section 42 of the Internal Revenue Code for Low-Income Housing Tax Credit (LIHTC) projects in order to provide temporary housing to Pennsylvania individuals affected by ... read more...

Delaware State Housing Authority (DSHA) Releases Revised 2011 Low Income Housing Tax Credit (LIHTC) Application Rankings

Due to a return of credits from a 2010 tax credit project, the Delaware State Housing Authority (DSHA) released a revised list for the 2011 Low Income Housing Tax Credit (LIHTC) rankings.  Seven applications, as opposed to four applications, have now been selected for funding in 2011: No ... read more...

Legislation to Change Student Rule for Low Income Housing Tax Credit (LIHTC) Housing

U.S. Congressmen Jim McDermott (D-WA), Erik Paulsen (R-MN), and Keith Ellison (D-MN) introduced legislation (H.R. 3076) to allow formerly homeless young people to pursue a four-year college degree and still qualify for Low Income Housing Tax Credit (LIHTC) housing. Currently, Section 42 of ... read more...

The Affordable Housing Tax Credit Coalition (AHTCC) Releases Rebuttal to Senator Tom Coburn’s Proposal

Yesterday, the Affordable Housing Tax Credit Coalition (AHTCC) released a rebuttal to Senator Tom Coburn’s (R-Okla.) “Back in Black: A Deficit Reduction Plan” to cut federal tax expenditures by $1 trillion.  Their reply states that repealing the Low Income Housing Tax Credit (LIHTC) would ... read more...

Senator Coburn Releases Plan to Cut Federal Tax Expenditures by $1 Trillion

Senator Tom Coburn (R-Okla.) released a proposal named, “Back in Black: A Deficit Reduction Plan.”  The program plans to reduce the federal deficit by $9 trillion over the next ten years.  One of the plan’s goals is to eliminate $1 trillion in tax expenditures.  The proposal would ... read more...

With $14 Million in Added Funding, the Delaware State Housing Authority Ranks Allocation Priorities

Recently, the Delaware State Housing Authority (DSHA) received a $14 million allocation from the General Assembly to help create or improve affordable rental housing stock in Delaware. The following is a list of the Delaware State Housing Authorities’ (DSHA) top priorities for the $14 million ... read more...