Yesterday, the Delaware State Housing Authority released it’s consolidated annual performance evaluation report. The report, required by the U.S. Department of Housing and Urban Development (HUD), is intended to evaluate the state’s performance in meeting its annual housing goals. Below is a resource summary:
The Delaware State Housing Authority (DSHA) announced a request for proposals to provide affordable housing to be funded by the Neighborhood Stabilization Program 3 (NSP 3). Here is the full RFP:
|REQUEST FOR PROPOSALS:
Acquisition and Rehabilitation of Foreclosed or Abandoned Residential Properties in Designated Census Tracts in Delaware to Provide Rental Housing for Special Needs Persons
The State of Delaware, through the Delaware State Housing Authority (DSHA), announces with this notice a Request for Proposals to provide permanent affordable rental housing for persons with special needs including the discrete category of persons earning less than 30% of area median income. Funding comes from Neighborhood Stabilization Program 3 (NSP 3) funds from the U.S. Department of Housing and Urban Development (HUD)
This RFP will allocate $1,250,000 in NSP 3 funds for the production of a minimum of five units of affordable rental housing, to house a minimum of 15 persons, using a maximum of $250,000 per unit. DSHA will work with successful applicants to identify suitable foreclosed or abandoned properties in selected Census tracts. Eligible applicants include qualified and experienced nonprofit developers, who may apply in partnership with forprofit developers.
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The Delaware State Housing Authority (DSHA) has released their application ranking for the 2011 Low Income Housing Tax Credit application cycle. Below is a pdf of the rankings for your viewing pleasure:
In an effort to increase transparency in the LIHTC application process, the Delaware State Housing Authority (DSHA) updated it’s LIHTC applicant list to include the amount of Housing Development Fund loans pledged by the Authority to each project. Below is the updated list:
2011 App Recieved-1
The Delaware State Housing Authority (DSHA) received 9 applications requesting a total of $6,153,259 in credits. The estimated 2011 tax credit authority for Delaware is $2,465,000. The projected over-subscription rate is 150%. Below is a list of the applicants (including 2 additional 4% credit applicants):
2011 App Recieved
The Delaware State Housing Authority (DSHA) received $6 million in federal funds from HUD to stop foreclosures. The funds will be announced today, at an official release. The details of the release are as follows:
What: Six Million in Funding Available to Stop Foreclosures
Who: Congressman John Carney and Governor Jack Markell will join HUD Regional
Administrator Jane Vincent, Department of Labor Secretary John McMahon
and DSHA Director Anas Ben Addi.
Where: McLane Gardens Community Building, 32 Monrovia Avenue, Smyrna, DE
When: 11:45 a.m. until 12:15 p.m., Tuesday, April 19, 2011
Why: To announce receipt of $6M from the U.S. Department of Housing &
Urban Development for the Delaware Emergency Mortgage Assistance Program.
According to a department email, the Delaware State Housing Authority will be:
undertaking a review and evaluation of Housing Development’s programs, policies and practices. Specifically… reviewing the Qualified Allocation Plan (QAP) and the policies and practices associated with the QAP and the Low Income Housing Tax Credit program/application.
The review will take place over the next several weeks and will involve feedback from DSHA staff, developers, and other member of the affordable housing community in Delaware. Additionally, DSHA has hired an independent contractor, “to help ensure that outcomes are relevant and meaningful”.
The reform measures could be a result of this year’s heated QAP approval process and the numerous concerns raised by Delaware’s LIHTC development community.