Delaware

The Internal Revenue Service (IRS) announced in Revenue Procedure 2012-41 that it has set the inflation-adjusted State credit ceiling for the Low-Income Housing Tax Credit (LIHTC) program and private activity bond caps for calendar year 2013.

The Internal Revenue Service (IRS) recently published Revenue Procedure 2012-42, which indicates the amounts of unused Low-Income Housing Tax Credit (LIHTC) carryovers for 2012. These carryovers, which amounts to nearly $2.43 million in unused credits, have been allocated to 34 states.

Representative Chris Gibson (R-NY) recently introduced the Irene and Lee Tax Relief Strom Recovery Act, H.R. 3769, which would increase the amount of Low-Income Housing Tax Credits (LIHTCs) to be allocated in states damaged by Hurricane Irene or Tropical Storm Lee in 2011.

The Delaware State Housing Authority (DSHA) announced that applications for Low-Income Housing Tax Credits (LIHTCs) are now being accepted.

The Delaware State Housing Authority has released its 2012 Qualified Allocation Plan for administering the low-income housing tax credit allocation process, as well as a cover letter, change sheet, attachments, and a summary of public comments.

Last week, the Delaware State Housing Authority (DSHA) released its draft 2012 Qualified Allocation Plan for the Low Income Housing Tax Credit (LIHTC) program. Approximately $1.9 million will be available.

The Internal Revenue Service (IRS) published Revenue Service 2011-57 which dictates the amounts of unused housing credit carryover allowances allocated to qualified states. Nearly $3.66 million of unused credits were divided among the states in the National Pool.

Delaware State Housing Authority (DSHA) is currently offering approximately $2.1 million in federal housing tax credits to affordable rental housing developers.

The Delaware State Housing Authority recently launched an online question-and-answer forum that allows users to post questions and feedback for DSHA development staff about the 2011 Low Income Housing Tax Credit program and Qualified Allocation Plan (QAP).

NH&RA Historic Preservation Development Council Member MacRostie Historic Advisors has posted an excellent state historic tax credit update on its website.

The Delaware State Housing Authority recently released its 2011 QAP and supporting materials for administering its 2011 low-income housing tax credit program.

U.S. Department of Housing and Urban Development Secretary Shaun Donovan recently announced President Obama’s selection of Jane Vincent to serve as HUD Regional Administrator the Mid-Atlantic region.