Delaware News


Market Pressure Relief Fund Application Deadline Has Been Extended To Friday, February 3

Delaware State Housing Authority | Date Posted: Wednesday, February 1, 2023



Delaware Affordable Housing Developers Facing Cost Increases Encouraged To Apply

 

Dover, Del., February 1, 2023 – The Delaware State Housing Authority (DSHA) is extending the submission deadline for the Market Pressure Relief Fund (MPRF) to 3:00 p.m. on Friday, February 3, 2023.

Application materials can be found here: http://destatehousing.com/Developers/Developers.php.

MPRF was announced in July 2022 and created using $9 million in State and Local Fiscal Recovery Funds program, a part of the American Rescue Plan Act (ARPA). It is just one part of a multi-tiered approach to addressing the affordable housing crises across Delaware.

The MPRF program aims to relieve economic cost pressures caused by the COVID-19 pandemic on Delaware’s affordable housing development community. Owners of affordable multifamily rental projects currently under construction that have faced construction cost increases due to supply chain disruptions and inflation can receive additional financing to ensure these projects are completed, and affordable housing units are added to the state’s inventory.

All other program guidelines remain as published on the destatehousing.com website. Funds will be awarded on a first-come, first-served basis, with applications being reviewed in the order in which they were received.

For more information or to learn more about DSHA housing development investments, please visit destatehousing.com.

About the Delaware State Housing Authority

The Delaware State Housing Authority (DSHA), formed in 1968, is dedicated to providing quality, affordable housing opportunities and appropriate supportive services to low- and moderate-income Delawareans. In addition to its role as the State’s Housing Finance Agency, DSHA is unique in that it serves as a Public Housing Authority and a Community Development and Planning Agency. As a Public Housing Authority, DSHA receives funding from HUD to build, own, and operate public housing in Kent and Sussex counties, two of Delaware’s three counties. For more information about the Delaware State Housing Authority, please call: (888) 363-8808 or visit our website at www.destatehousing.com.

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Market Pressure Relief Fund Application Deadline Has Been Extended To Friday, February 3

Delaware State Housing Authority | Date Posted: Wednesday, February 1, 2023



Delaware Affordable Housing Developers Facing Cost Increases Encouraged To Apply

 

Dover, Del., February 1, 2023 – The Delaware State Housing Authority (DSHA) is extending the submission deadline for the Market Pressure Relief Fund (MPRF) to 3:00 p.m. on Friday, February 3, 2023.

Application materials can be found here: http://destatehousing.com/Developers/Developers.php.

MPRF was announced in July 2022 and created using $9 million in State and Local Fiscal Recovery Funds program, a part of the American Rescue Plan Act (ARPA). It is just one part of a multi-tiered approach to addressing the affordable housing crises across Delaware.

The MPRF program aims to relieve economic cost pressures caused by the COVID-19 pandemic on Delaware’s affordable housing development community. Owners of affordable multifamily rental projects currently under construction that have faced construction cost increases due to supply chain disruptions and inflation can receive additional financing to ensure these projects are completed, and affordable housing units are added to the state’s inventory.

All other program guidelines remain as published on the destatehousing.com website. Funds will be awarded on a first-come, first-served basis, with applications being reviewed in the order in which they were received.

For more information or to learn more about DSHA housing development investments, please visit destatehousing.com.

About the Delaware State Housing Authority

The Delaware State Housing Authority (DSHA), formed in 1968, is dedicated to providing quality, affordable housing opportunities and appropriate supportive services to low- and moderate-income Delawareans. In addition to its role as the State’s Housing Finance Agency, DSHA is unique in that it serves as a Public Housing Authority and a Community Development and Planning Agency. As a Public Housing Authority, DSHA receives funding from HUD to build, own, and operate public housing in Kent and Sussex counties, two of Delaware’s three counties. For more information about the Delaware State Housing Authority, please call: (888) 363-8808 or visit our website at www.destatehousing.com.

image_printPrint

Related Topics:  ,


Graphic that represents delaware news on a mobile phone

Keep up to date by receiving a daily digest email, around noon, of current news release posts from state agencies on news.delaware.gov.

Here you can subscribe to future news updates.