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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...

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...

Delaware State Housing Authority (DSHA) Increases Housing Development Funds (HDF) available for 4% Low Income Housing Tax Credit (LIHTC) Developments

The Delaware State Housing Authority (DSHA) increased the Housing Development Funds (HDF) available for 4% Low Income Housing Tax Credit (LIHTC) developments from $5 million to $8 million.  The Housing Development Fund (HDF) is a State loan fund that provides gap financing for affordable ... read more...

2014 Delaware Low Income Housing Tax Credit (LIHTC) Qualified Allocation Plan Approved

The 2014 State of Delaware Low Income Housing Tax Credit (LIHTC) Qualified Application Plan (QAP) was approved this week.  Delaware’s QAP details the guidelines and application process for affordable housing developers seeking Low Income Housing Tax Credits.  The Delaware State Housing ... read more...

USDA Rural Development (RD) – Rental Assistance (RA) Update

People have been talking for a long while now about the impact of Sequestration on everything from the Federal court system, to air control terminals, trains and affordable housing rent subsidies – and just about everything else.  With respect to the financial year 2013 and potentially ... read more...

2013 Delaware Qualified Allocation Plan (QAP) Final and Approved by Governor Jack Markell

The 2013 Delaware Qualified Allocation Plan (QAP) is now final and approved by Governor Jack Markell.  The QAP provides the process for applying for Federal Low Income Housing Tax Credits (LIHTC).  Low Income Housing Tax Credits (LIHTC’s) are a vital tool in financing quality affordable ... read more...

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...

Qualified Census Tracts (QCTs) for 2013 for the purpose of the Low-Income Housing Tax Credit (LIHTC)

On April 24, 2012 The U.S. Department of Housing and Urban Development (HUD) designated qualified census tracts (QCTs) for 2013 for the purpose of the low-income housing tax credit (LIHTC) under the Section 42 of the Internal Revenue Code (IRC). The LIHTC is a tax incentive intended to increase ... read more...

The President’s Framework for Business Tax Reform

The White House and the U.S. Department of the Treasury  released “The President’s Framework for Business Tax Reform.”on February 22, 2012. The document outlines President Obama’s five recommendations for business tax reform. The five elements include eliminating certain tax expenditures and ... 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...