Delaware

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

Delaware’s Downtown Development District (DDD) Program is currently accepting applications for large project grants through December 15.

Vanessa McCall has joined the agency as its new Director of Housing Finance.

The conference will include speakers from across Delaware and the region sharing the latest trends, best practices and information that impact the affordable housing industry.

Delaware State Housing Authority has published a Draft Allocation Plan for the anticipated $3M of funds it will receive through the National Housing Trust Fund.

Completed applications are due to appdocs@destatehousing.com by 4 p.m. on June 15, 2016. Applicants who submit Proposal applications that DSHA deems successful will be invited to submit a Final application that will be due to DSHA by August 19, 2016.

Grant rebates of up to 20 percent are available on qualified investments in commercial, industrial, residential or mixed-use buildings or facilities located within the designed downtown districts in Wilmington, Dover and Seaford. Large Project applications will be due to to the Delaware State Housing Authority by 4 p.m. on Monday, May 16, 2016.

A public meeting will be held for the purpose of obtaining the views of interested citizens on housing needs and comments on the NHTF. An Allocation Plan for the NHTF will subsequently be developed and a draft released for public comment.

Delaware State Housing Authority (DSHA) is in the process of finalizing the State of Delaware’s 2016 Low Income Housing Tax Credit (LIHTC) Qualified Allocation Plan (QAP). DSHA will hold a public hearing to discuss the proposed QAP on Thursday, December 17, 2015.

The Internal Revenue Service divided $2.59 million in unused Low Income Housing Tax Credits from calendar year 2015 among 30 states.

The Bank’s 2015 Affordable Housing Program (AHP) funding round opened June 8 with approximately $23 million in funding available. Applications are due August 11. Funding is available for projects in Delaware, Pennsylvania, and West Virginia.

DSHA announces that the 2015 LIHTC QAP has been approved and is effective as of January 7, 2015. The application process is now open and submissions for the 2015 LIHTC application cycle will be accepted until 3:00 p.m. on April 30, 2015 at 18 The Green, Dover, DE 19901.

On December 3, the Delaware State Housing Authority (DSHA) issued the first of three tax-exempt multi-family bonds for the 4% LIHTC that DSHA plans to issue in December 2014. By issuing the bond, DSHA was able to generate $201,000 in LIHTC that generated an additional $2 million in LIHTC equity. This, combined with other financing, […]