The Delaware State Housing Authority awards housing tax credits
The Delaware State Housing Authority has awarded low-income housing tax credits to four of the nine nonprofits and for-profit companies that applied for help building their projects — Severn Development Company building Jefferson Estate II in Lewes, Delaware Center for Homeless Veterans for Pearl Center in Wilmington, Green Street Housing for Halls Heritage in Millsboro and the Ministry of Caring for Village of St. John in Wilmington.
Delaware has a limited amount of tax credits, which can be used against an investor’s federal tax liability. The awardee sells the credits, which are given every year for 10 years, to investors.
Jefferson Estates II was awarded $518,044 in low-income housing tax credits.
Pearl Center was awarded $913,337 in tax credits.
Halls Heritage was awarded $792,137 in tax credits.
Village of St. John was awarded $778,622 in tax credits.