Affordable Housing and Tax Credit Developments in DelawareSustainable Energy Utility – Financing Opportunity

March 16, 2010by George Danneman

The Sustainable Energy Utility released the following notice today:

Delaware Sustainable Energy Utility

The Delaware Sustainable Energy Utility (SEU) is offering construction financing opportunities to encourage developers to design for maximum energy efficiencies in the construction/rehabilitation of their multi-family buildings in Delaware.  At this time, the SEU is accepting applications for construction financing in amounts up to $1,000,000 per project, but no more than 20% of the total development costs, for those projects that are also applying for 2010 Low Income Housing Tax Credits and Housing Development Fund financing from the Delaware State Housing Authority.  A total of $2,000,000 up to $5,000,000 will be available for this program.
To obtain an application with application criteria or if you have questions, please contact Ralph Nigro in writing at the following e-mail address  You may also call 302-504-3071 for further information, but all requests for applications must be in writing.  The application deadline is 4:00 PM on Monday, March 29, 2010.  Final financing decisions will be subject to SEU Board approval.

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