Affordable Housing and Tax Credit Developments in DelawareThe Delaware State Housing Authority (DSHA) received 12 applications for Low Income Housing Tax Credits (LIHTC)

April 19, 2010by George Danneman

The Delawaware State Housing Authority (DSHA) received 12 applications for affordable housing developments for Low Income Housing Tax Credits (LIHTC) in response to the 2010 Qualified Allocation Plan (QAP).  Annecdotedly, this may be the most applications ever received by the Delaware State Housing Authority in any single round.

In summary, it looks like 6 nonprofit applications competing in the nonprofit pool, 4 acquisition-rehabilitation applications competing in the rehabilitation pool and 2 new housing creation applications.  The nonprofit applications initially compete in the nonprofit pool but then also could potentially compete in the rehabilitation or new housing creation pools.  When eliminating the nonprofit characterization for purposes of discussion, there are 7 new housing creation applications and 5 rehabilitation applications.  For the 2010 Qualified Allocation Plan (QAP), the Delaware State Housing Authority added a new housing creation pool of credits to encourage new construction.  With 7 new construction applications, it looks like it worked.  This year DSHA also revised the QAP to encourage applications for elderly developments and included in the applications are 5 developments for elderly housing.

For your reference, the applications are as follows:  Bayard Plaza, Dover, Delaware (Henry Mast); B’nai B’rith House, Claymont, Delaware (William Connolly); Canterbury Estates, Bridgeville, Delaware (Donald Kirkpatrick); Cascades of Milford, Milford, Delaware (David Holden); Dunbarton Estates, Georgetown, Delaware (Donald Kirkpatrick); Middletown Manor Sr. Apts., Dover, Delaware (David Buches); Trinity House, Wilmington, Delaware (Catherine McKay); Greenside Manor Apartments, Seaford, Delaware (David F. Layfield, Jr.); Greenwood Acres II, Greenwood, Delaware (Russell Huxtable); H. Flether Brown Apartments, Wilmington, Delaware (Lawrence R. Cessna); Hampton Circle, Seaford, Delaware (William Roupp); and Heron Run, Smyrna, Delaware (David F. Layfield, Jr.).

A copy of the list is all attached here 2010_applications received.

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