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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.

2008 LIHTC Funding Round Documentation
Please download and review the documents below to learn more about this program.

• 2008 LIHTC Application
  1. 2008 LIHTC Applications
  2. 2008 Cover sheet
  3. 2008 QAP Change Sheet
  4. 2008 QAP Final
  5. 2008 Attachments to the QAP
  6. Income Limits and Rents
  7. Management Agent Qualifications
  8. Affirmative Fair Housing Marketing Plan
  9. Real Estate Owned/Developed Schedule
  10. Realty Transfer Tax
  11. IRS form 8821
  12. 2008 QAP Points Worksheet
  13. LIHTC APP Part I
  14. LIHTC APP Part II
  15. LIHTC APP Part III
  16. Relocation Policy
  17. Relocation Notice 1
  18. Relocation Notice 2
  19. Relocation Reimbursement Form
  20. Pre-Approved List of Market Study Providers
  21. 2008 LIHTC Ranking
  22. QCT Map
  23. HDF Application
  24. HDFSUP. A

2007 LIHTC Funding Round Documentation
Please download and review the documents below to learn more about this program.

• 2007 LIHTC Application
  1. 2007 LIHTC Applicants - PDF [28K]
  2. 2007 Cover sheet
  3. 2007 QAP Change Sheet
  4. 2007 QAP final
  5. QCT Map
  6. 2007 Attachments to the QAP
  7. Income Limits and Rents
  8. Management Agent Qualifications
  9. Affirmative Fair Housing Marketing Plan
  10. Real Estate Owned/Developed Schedule
  11. IRS form 8821
  12. 2007 QAP Points Worksheet
  13. LIHTC APP part I
  14. LIHTC APP part II
  15. LIHTC APP part III
  16. Relocation Policy
  17. Relocation Notice 1
  18. Relocation Notice 2
  19. Relocation Reimbursement Form
  20. Pre-Approved List of Market Study Providers
  21. 2007 LIHTC Allocations

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 (2008) - PDF
   • DSHA TIC Form - PDF
   • DSHA Asset Certification - PDF
   • Employment Verification - updated - PDF
   • Student Verification - updated - PDF
   • Annuity Verification - updated - PDF
   • Real Estate Verification - PDF
   • Asset (401K) Verification - PDF
   • Stocks and Bonds Verification - PDF
   • Child Support Affidavit - new - PDF
   • Income Asset Checklist.pdf - new - PDF
   • Casualty Loss Form - PDF
   • Authorization to Apply for Recertification Waiver - PDF
   • Waiver Request Letter - PDF
2. Recertification Waiver Procedure Information - PDF [112K]
   • Recertification Waiver Application (2005) - PDF [24K]
   • DSHA Sample Recertification Waiver Letter - PDF [12K]
   • IRS Form 8877 - PDF [120K]
3. Post - 15 Compliance Monitoring Procedures - PDF [24K]

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, 02-Jul-2008 15:10:55 EDT