Affordable Housing and Tax Credit Developments in DelawareDelaware State Housing Authority (DSHA) announces preliminary rankings for 2015 LIHTCs

July 3, 2015by George Danneman

Delaware State Housing Authority (DSHA) has just released the 2015 Low-Income Housing Tax Credit (LIHTC) preliminary rankings for the competitive 9% applications.

Three projects are preliminarily ranked to receive credits totaling $2,491,923:

  • Our Lady of Grace Apartments on East Chestnut Hill Road in Newark, for new construction of 60 family apartments. Tax credit request: $774,946
  • Marydale Retirement Village on Jeandell Drive in Newark, for the preservation of 108 dwellings for seniors. Tax credit request: $886,448
  • Whatcoat Village Apartments on Whatcoat Drive in Dover, for the preservation, acquisition and rehabilitation of 78 family apartments. Tax credit request: $830,529

It is unfortunate that there’s only enough funding to support three of these projects, when five other affordable housing projects around the state – each of which would benefit their communities – are ready to move forward, but cannot.

Two other Wilmington projects that applied for 4% LIHTCs are still under review.

The Danneman Firm, LLC provides clients with a high-quality alternative to “big-firm” legal services. We combine past experience working with institutional clients at large national law firms together with the personal service and cost effectiveness of a smaller organization.

3411 Silverside Road | Baynard Building, Suite 108 | Wilmington, DE 19810

© 2022 The Danneman Firm