Current through 2024 Legislative Session Act Chapter 531
Section 4073 - Limitations and conditions(a) The availability of DWH Grants in any given year is subject to appropriation by the General Assembly.(b) Except as otherwise provided in subsection (c) of this section, DSHA may not approve a DWH Grant for a workforce housing unit that uses a federal low-income or state low-income housing tax credit.(c) DSHA may approve a DWH Grant for 1 or more workforce housing units in a multiple unit housing project so long as those workforce housing units do not utilize a federal low-income or state low-income housing tax credit.(d) In addition to its other powers and responsibilities, DSHA is expressly authorized to establish any other limitations and conditions with respect to DWH Grants as may be necessary or convenient to accomplish the purposes of this subchapter, including: (1) Amending the minimum qualified workforce investment threshold, except that the minimum qualified workforce investment threshold must not be less than $25,000.(2) Establishing caps or limits on DWH Grants available to any qualified workforce housing investor, alone or in combination with other local, state, or federal incentives for any workforce housing unit including State Historic Preservation Tax Credits pursuant to Chapter 18 of Title 30.(3) Establishing additional qualifying criteria with respect to residential uses or types of projects.(4) Incentivizing particular types of uses or projects in 1 or more workforce housing units.(5) Establishing such other limitations and conditions in 1 or more workforce housing units as DSHA may determine from time to time.(e) DSHA may use part of the allocations made for the Delaware Workforce Housing Program towards the administration of the program.(f) DSHA may establish or amend the foregoing limitations and conditions no more than once per year.Added by Laws 2023, ch. 352,s 2, eff. 8/9/2024.