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Low Income Housing Tax Credits (LIHTC)

This statewide program provides a direct federal income tax credit to qualified owners and investors to build, acquire or rehabilitate rental housing units to rent to working low-income Delawareans. It also allows low-income Delawareans who can afford a monthly rent payment, but cannot afford to pay market rate rents.

How To Apply

1. Make sure you (the borrower) meet all borrower requirements.
2. Ensure all tenant qualifications are met.
3. Download and review the provided program documents for further application instructions and forms.

Borrower Qualifications

1. This program allows both corporate and private investors to receive a fair return on their investment in affordable housing. The program design allows individuals, as well as limited partnerships who own rental housing for low-income families, to utilize the credit.
2. The equity raised through the tax credit investment make it possible for developers to attract the financing needed to create or restore low-income rental housing.

Tenant Qualifications

1. Working low-income families whose incomes do not exceed 60% of the median income based on family size and county location, are eligible to reside in tax credit properties. Rents are capped to remain affordable to families earning less than 60% of median income.

2010 LIHTC Funding Round Documentation
Please download and review the documents below to learn more about this program.

• 2010 LIHTC Application
  1. 2010 Preliminary LIHTC Application Ranking
  2. Notification of Ranking Extension
  3. 2010 LIHTC Applications
  4. 2010 Cover Letter
  5. 2010 Change Sheet
  6. 2010 Equity Rate Notice
  7. 2010 QAP
  8. 2010 Attachments to the QAP
  9. Income/Rents Limits
  10. Management Agent Qualifications
  11. Affirmative Fair Housing Marketing Plan Form
  12. Real Estate Owned/Developed Schedule
  13. Realty Transfer Tax
  14. IRS Form 8821
  15. 2010 QAP Points Worksheet
  16. LIHTC APP Part I
  17. LIHTC APP Part II
  18. LIHTC APP Part III
  19. Relocation Reimbursement Form
  20. Pre-Approved List of Market Study Providers
  21. QCT Map
  22. Housing Development Fund Supplement
  23. General Contractor Certification and Questionnaire

2009 LIHTC Funding Round Documentation
Please download and review the documents below to learn more about this program.

• 2009 LIHTC Application
  American Recovery and Reinvestment Act Notice
  02/20/09 Notice: Local and Community Notice for Acquisition /Rehabilitation Developments in New Castle County
  2009 LIHTC Allocations
  1. 2009 LIHTC Applications
  2. 2009 Change Sheet
  3. 2009 Cover sheet
  4. Equity Factor Notice as of 02/02/09
  5. Amended 2009 QAP
  6. 2009 QAP
  7. 2009 Attachments to the QAP
  8. LIHTC APP Part I
  9. LIHTC APP Part II
  10. LIHTC APP Part III
  11. Income/Rents Limits
  12. Management Agent Qualifications
  13. Affirmative Fair Housing Marketing Plan Form
  14. Real Estate Owned
  15. IRS form 8821
  16. Points Worksheet
  17. Housing Development Fund Supplement
  18. State of Delaware-Realty Tax Transfer Form
  19. Pre-Approved List of Market Study Providers
  20. QCT Map
  21. 2009 LIHTC Rankings

Previous Years' Funding Round Documentation
To see older funding round documentation and information, please visit the LIHTC Archival Funding Round Information Page.

Tax Credit Policies, Forms, and Compliance Documentation
Please download and review the documents below to learn more about tax credit policies, get forms, and understand compliance issues.

1. DSHA Tax Credit Compliance Monitoring Manual (2009)
   • DSHA TIC Form
   • DSHA Asset Certification
   • Employment Verification
   • Student Financial Aid Verification
   • Annuity Verification
   • Real Estate Verification
   • Asset (401K) Verification
   • Stocks and Bonds Verification
   • Child Support Affidavit
   • Income Asset Checklist.pdf
   • Casualty Loss Form
   • Revised IRS 8823 Guide September 2009
   • Self-Certification Form
   • Self-Certification of Unborn Child
   • Documentation of Decrease in Family Size
   • Annual Student Certification
   • Foster Care Verifications
   • Veteran's Benefits Verification
   • Military Pay Verifications
   • Certification of Zero Income
   • Request for Occupancy Waiver
2. Post - 15 Compliance Monitoring Procedures
3. Qualified Contract Process
   • Qualified Contract Price Worksheet
   • Qualified Contract Price Worksheet A
   • Qualified Contract Price Worksheet B
   • Qualified Contract Price Worksheet C
   • Qualified Contract Price Worksheet D
   • Qualified Contract Price Worksheet E

DSHA Program Contact Person
Do you have questions about this program? Would you like to suggest an improvement to this Web page? Please contact Lisa McCloskey, Housing Mortgage Loan Officer II, at 302.739.4263.

DSHA Compliance Issues Contact Person
Please contact Cindy Deakyne at 302.739.4263.

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Last Updated: Wednesday, 28-Jul-2010 15:29:33 EDT