Affordable Housing and Tax Credit Developments in DelawareDelaware State Housing Authority revises the Housing Development Fund (HDF) Application

January 13, 2011by George Danneman

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.

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