The January 31, 2011, deadline to submit Housing Development Fund (HDF) Applications is fast- approaching. The Housing Development Fund’s (HDF) loans enable both for-profit and non-profit developers to provide affordable, decent, safe and sanitary housing to responsible low and moderate income households. The application provides:
Non-Tax Credit loans: (Set-aside* $1,125,000- for January 2011 cycle) – Both for profit and non-profit applicants may apply and allowable activities are limited to the production of housing units. Funds shall be limited to $35,000 per unit or appraised value for special needs projects. Delaware State Housing Authority (DSHA) is available for technical assistance prior to submitting the application. *$750,000 is standard semi-annual estimate.
To learn more look here.