Federal Grant Award Summary

The Delaware State Housing Authority received a Housing Trust Fund (CFDA 14.275) formula grant award of $3,134,373.20 from the U.S. Department of Housing and Urban Development (HUD), Assistant Secretary for Community Planning and Development, effective January 8, 2026, with a completion date of January 8, 2033. The award funds the production, preservation, and rehabilitation of affordable rental housing for extremely low-income and very low-income households in Delaware. Consistent with program requirements, at least 80 percent of the grant must be allocated to rental housing activities, with the remaining funds available for homeownership assistance (up to 10 percent) and administrative and planning costs (up to 10 percent). Additionally, up to 30 percent of grant funds may support operational expenses for rental housing acquired, constructed, or rehabilitated through the program.

The Delaware State Housing Authority will deploy these funds through grants, equity investments, or loans to develop affordable housing units targeting households with incomes at or below 30 percent of area median income or the federal poverty line, whichever is greater. All committed funds must be expended within five years of award, with specific drawdowns required to be expended within 15 days. The authority is required to submit an annual Housing Trust Fund allocation plan detailing project priorities and to maintain comprehensive records for five years beyond the affordability compliance period to demonstrate program compliance and housing production outcomes.