income tax form
income tax form
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Contact Our Housing Program Specialist

Eligible Types of Housing

How To Apply

Make sure the Applicant/Developer/Borrower meets all LIHTC requirements.

Ensure all resident or potential low-income resident qualifications are met.

Download and complete DSHA’s LIHTC application package including all relevant exhibits and submit to DSHA by the applicable program year deadline.

Applicant Qualifications

Nonprofit and for-profit developers may apply for the LIHTC program.

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.

Resident Qualifications

At minimum, all LIHTC projects must meet IRS and DSHA household/resident restrictions:

Households 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.

The owner of a qualified low-income building must rent at a minimum either 20 percent of the units to households with incomes of 50 percent or less of the area median income or 40 percent of the units to households with incomes of 60 percent or less of the area median income.

A certain percentage of all units must be set aside to serve the needs of some of Delaware’s most vulnerable populations.

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.

Area of Opportunity Land Bank Program

DSHA set-aside $5,000,000 (subject to availability) in funding for the Area of Opportunity Land Bank program. The Area of Opportunity Land Bank Loan (“AO Land Bank”) program aims to help facilitate the creation of affordable rental housing in high-opportunity areas. Applications will be accepted on a rolling basis as long as funds are available.

LIHTC Funding Round Documentation

2023 – 2024

Public Hearing Documents

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