Housing Development Fund (HDF)


The purpose of the Housing Development Fund (HDF) is to provide affordable, decent, safe and sanitary housing to responsible very low-, low- and moderate- income households.

The HDF program is designed to provide loan financing to developers of Low income Tax Credit Housing (LIHTC) projects. Types of developments that will be considered include, but are not limited to, new construction, acquisition and rehabilitation of existing rental housing, and the adaptive reuse of nonresidential buildings for the purpose of developing affordable rental housing.

Loan financing is also available to non-LIHTC developers who are interested in developing affordable or maintaining multi-family rental housing and/or Special Populations housing.

In addition to loan financing, the HDF program provides grant funding to sponsoring agencies to develop affordable homeownership opportunities, support Housing Support programs, and to assist with Energy and Accessibility improvements.

Because the HDF has limited funds, it is the applicant's responsibility to provide DSHA with evidence that other potential sources of funding have been explored or exhausted.


SUPPLEMENTAL FUNDING HOMEOWNERSHIP PRODUCTION New

DSHA recognizes that unprecedented increases in construction material and labor costs have created financing gaps in homeownership production programs statewide. Supplemental funding is now available to nonprofit homeownership production programs that can document these construction cost increases.

Funding Applications Accepted January 18, 2022 through February 4, 2022

Applications must be received by 3 pm on Friday, February 4, 2022. No late applications will be considered for review.

Application information will only be accepted electronically at AppDocs@destatehousing.com with the subject line: "Supplemental Funding Homeownership Production – Name of Nonprofit". Multiple emails should also be identified as "1 of x", "2 of x", etc.

Information on application materials is listed below.

  1. Program Description At-A-Glance
  2. Application Part I – General Information
  3. Application Part II – Narrative application for funding

If you have any questions or need further assistance about this program, please contact DSHA's Community Development Section at (302) 739-4263


HDF Grant and Loan Programs

How to Apply for a HDF Grant or a Loan

Instruction on how to apply for HDF funding, date and time deadlines, and eligibility requirements may be accessed below.


Application Materials for HDF Funding New

Please review the documentation below to learn more about the HDF program, eligibility requirements and to access and download applications and forms.

  1. HDF Homeownership Production and Preservation Grants Application Round Closed
    1. Program Guidelines
      1. Guidelines for Homeownership Production and Preservation Grants
    2. Overview
      1. Overview of HDF/SNHF Available Grant Funding
    3. Application
      1. HDF Homeownership Production Grant Application
      2. HDF Homeownership Preservation Funding Pool Reservation
        1. Part I – Approval to Participate in Preservation Pool
        2. Part II – Reservation for Owner-Occupied Rehab
    4. Homeownership Production
      1. Application Exhibit Checklist for Homeownership Production
        1. Exhibit #6: Project Description Form
        2. Exhibit #7: Homebuyer Affordability Analysis Form
        3. Exhibit #14: Marketing Strategy Form
        4. Exhibit #16: Government Jurisdiction Form
      2. Homeownership Production Score Sheet
      3. HDF Universal Design Score Sheet (Projects with 4 units or less)
      4. DSHA Homeownership Priority Area Map
        1. HPA Interactive Map
    5. Additional Documents for Grantees
      1. Word Template to Create Exhibit Cover Sheets
      2. Income Verification Worksheet for HDF Homeownership Production
      3. Income Verification Worksheet for HDF Homeownership Preservation/SERP
    6. DSHA Webinar Information
      1. Homeownership requirements for Truth in Lending Act (TILA), Real Estate Settlement Procedures Act (RESPA) and TRID (TILA/RESPA) Disclosure Requirements
        1. PowerPoint Presentation (6.1.2016)
        2. Handouts
          1. Closing Disclosure Sample 1
          2. Closing Disclosure Sample 2
          3. Closing Disclosure Sample 3
          4. HDF TIL Notice
          5. Understanding DSHA's Grant Restriction Agreement (FAQ)
          6. http://www.consumerfinance.gov/policy-compliance/guidance/implementation-guidance/tila-respa-disclosure-rule/
  2. HDF Loan
    1. HDF Pre-Development Loan New

      DSHA has set-aside $500,000 (subject to availability) in funding for the following eligible activities:

      • Nonprofit organizations interested in providing affordable multi-family rental housing and/or Special Populations* housing that do not have the financial capacity to apply for DSHA’s loan programs due to the pre-development requirements needed.
      • Eligible Activities: Pre-development expenses, including but not limited to appraisals, option and/or downpayments costs for acquisition of parcels, architectural and engineering plans and specifications, environmental audits/assessments, including wetland studies and capital needs assessments.
      • Eligible Applicants – 501(C)(3) nonprofit organizations
      • Applicants will be accepted on a rolling basis

      Application Materials for HDF Pre-Development Funding New

      1. HDF Pre-Development Loan Guidelines
      2. HDF Pre-Development Application – Part I
      3. HDF Pre-Development Application – Part II Sources and Uses
      4. HDF Pre-Development Exhibit Checklist for HDF Pre-Development Loan
    2. HDF Loan for Special Populations New

      DSHA has set-aside $1,500,000 (subject to availability) in funding for the following eligible activities:

      • Emergency Homeless Shelter;
      • Permanent Supportive Housing for Persons with Disabilities (i.e. mental illness, physical disabilities, persons with intellectual/developmental disabilities, persons with HIV/Aids, etc.);
      • Re-Entry Housing;
      • Substance Abuse Recovery Housing/Facilities;
      • Youth Aging out of Foster Care; and
      • Other DSHA approved activities (must receive DSHA approval prior to application).

      3. Applications will be accepted on a rolling basis until funds are no longer available.

    3. Application
      1. HDF Loan Special Populations Guidelines
      2. HDF Loan Special Populations Loan Application - Part I – fillable Word
      3. HDF Loan Special Populations Application - Part II (Pro Forma) - excel
      4. HDF Loan Special Populations Exhibit Checklist
      5. HDF Loan Special Populations Score Sheet (excel)
    4. HDF Loan Special Populations DSHA Required Policy Documentations
      1. HDF Loan Universal Design Score Sheet (only required for applications with 4 units or less)
      2. DSHA HDF Underwriting Criteria
      3. DSHA Design and Construction Standards
      4. DSHA Capital Needs Assessment (CNA)
      5. General Contractor Certification and Questionnaire
      6. DSHA HDF Market Study Requirements
      7. DSHA Approved Market Study Analyst List
      8. DSHA Management Agent Requirements
      9. DSHA Management and Marketing Checklist
      10. DSHA Management Agent Questionnaire
      11. AFHMP HUD Form 935-2a
      12. Balanced Housing Maps
      13. Draw Requisition and Cost Certification
        1. DSHA Mortgagor's Draw Requisition and Cost Certification Guide
        2. Mortgagor Draw forms (D101-D102)
        3. Contractor Draw forms (D101-D106)
        4. Mortgagor Cost Certification forms (CC100-CC110)
        5. Contractor Cost Certification forms (CC101-103)
    5. HDF Area of Opportunity Land Bank Loan New
      DSHA has set-aside $5.000,000 (subject to availability) in funding for the following eligible activities:
      • Low Income Housing Tax Credit (LIHTC) experienced developers who have site control of a parcel in an Area of Opportunity and submitted a competitive, threshold-compliant, financially feasible LIHTC application for said parcel but was not successful in receiving a LIHTC preliminary allocation in the most recent allocation round.
      • Eligible Activities: Purchase of parcel located in an Area of Opportunity.
        • Developer must have site control that will expire within 90-days of loan application.
        • Developer cannot already own the parcel.
        • The entire parcel must be located in an Area of Opportunity.
      • Applications will be accepted on a rolling basis as long as funds are available

      Application Materials for HDF Area of Opportunity Land New
      1. HDF Area of Opportunity Land Bank Loan Program Guidelines
      2. HDF Area of Opportunity Land Bank Loan Program Exhibit Checklist

HDF - Statewide Emergency Repair Program (SERP)

DSHA is pleased to announce the release of a Notice of Funding Availability for experienced emergency repair 501(C)(3) nonprofits and/or Local jurisdictions responsible for CDBG Programs that included emergency repair programs. DSHA may select one or more agencies to manage the program for the State.

HDF funding will be is available for a Statewide Emergency Repair Program for repairs to low-income, owner-occupied housing units that address an emergency condition threatening the health or safety of an owner-occupied household’s occupants. An emergency is defined as an unexpected occurrence or combination of events calling for immediate action. All eligibility requirements for Applicants and homeowners are defined in the SERP Guidelines below.

Availability of Funds

Funds for the program $1,500,000 will be disbursed through a competitive process. Funds will be awarded by county up to a max of $500,000 per county.

FY23 SERP Award Announcement

How to Apply for a Grant

Please refer to the NOFA Guidelines listed below for instructions on how to apply, date and time deadlines, and application process and eligibility requirements.

Documentation

Please download and review the documents below to learn more about the NOFA for a Statewide Emergency Repair Program, get forms, and to determine if you qualify.

NOFA Statewide Emergency Repair Program Guidelines and Application – (Applications Due: November 30, 2023 by 4:00 p.m.)

  1. NOFA – Statewide Emergency Repair Guidelines
  2. SERP Application – Part I (Fillable Word Document)
  3. SERP Application – Part II (Excel Format)
  4. SERP Exhibit Checklist – Part III

DSHA Contact

If you have any questions or need further assistance about this program, please contact DSHA's Community Development Section at (302) 739-4263