The Delaware State Housing Authority (DSHA) announced this week that it will offer approximately $2.5 million in federal housing tax credits to affordable rental developers. Applications will be accepted until April 9, 2010.
In addition, DSHA is requiring all applications submitted for the 2010 LIHTC application round to use an equity factor of $0.60 as the tax credit equity contribution amount. DSHA will use .60 cents to underwrite all applications. LIHTC applications submitted in the 2010 round must be financially feasible using the $0.60 equity factor assumption without making use of the 30% State Eligible Basis Boost. All other requirements, limits, procedures, etc. of the 2010 QAP remain unchanged. Read More…
