DELAWARE STATE HOUSING AUTHORITY TO BEGIN ISSUING FINAL FEDERAL HOMEOWNER AND HOMEBUYER FUNDING
DELAWARE STATE HOUSING AUTHORITY TO BEGIN ISSUING FINAL FEDERAL HOMEOWNER AND HOMEBUYER FUNDING
Final Federal Assistance Is Available Through Early 2024; State-Funded Assistance Is Still Available and Ongoing
As part of the state’s ongoing response to the COVID-19 public health emergency, the Delaware State Housing Authority (DSHA) launched three new temporary programs to address barriers to achieving and maintaining homeownership for affected populations.
The Delaware Mortgage Relief Program (DEMRP), Delaware Diamonds Home Loan, and Home Sweet Home Program are now nearing the end of their allocated funding. Delawareans are encouraged to apply now or explore alternative assistance programs offered by DSHA.
DEMRP provides up to $50,000 for housing-related delinquencies such as mortgage, property tax, homeowners association, and homeowner insurance payments, and up to $20,000 for critical home repairs, including mold and mildew remediation, lead-based paint removal, roof replacement, heating, cooling, electrical, and plumbing repairs, and the repair, replacement, or installation of accessibility aids such as hand railings, ramps, grab bars and wider doorways.
DEMRP is expected to exhaust its funds by early 2024, if not sooner. Homeowners are being encouraged to apply for assistance as quickly as possible as funding is limited. An application for the DEMRP Program can be found here: : https://demortgagehelp.com/
Program uses Maximum Assistance Amount Application Status
Housing-related delinquencies such as:
- mortgage,
- property tax, $50,000 Application Open
- homeowner’s association,
- and homeowner insurance payments
Home repairs, including:
- mold and mildew remediation New Castle County - Waitlist Available
- lead paint removal
- pest abatement $20,000 Kent County – Application Open
- heating, cooling, electrical, plumbing repairs,
- and the repair, replacement, or installation of accessibility aids Sussex County – Waitlist Available
To date, DEMRP has disbursed over $30 million in financial assistance to more than 12,000 Delawareans across the state. Read a program participant testimonial here Read a program participant testimonial here or view the program’s data dashboard here
The Delaware Diamonds Home Loan and Home Sweet Home Program have exhausted their available funding. Both programs offered potential homebuyers a zero-interest forgivable second loan of $12,000 to $15,000 and were funded by a $5 million allocation from Governor Carney to DSHA.
The Delaware Diamonds Home Loan and Home Sweet Home Program helped 136 Delawareans achieve homeownership throughout the state. Read a success story here
Potential homebuyers can still receive alternative assistance from DSHA through the Smart State Home Loan and First State Home Loan Program. Subsidized revenues from DSHA fund these programs, and both will remain active for the foreseeable future.
For more information or to learn about other homeownership programs offered by DSHA, please visit https://kissyourlandlordgoodbye.com/
"Supporting homebuyers and homeowners is at the core of our agency's mission,” said Eugene Young Jr., Director of DSHA. "We knew that these programs would eventually end and are incredibly proud of the impact we were able to have. Our team remains committed to serving Delaware families and is exploring all options to ensure every resident can access a safe, affordable home."
About the Delaware State Housing Authority
The Delaware State Housing Authority (DSHA), formed in 1968, provides 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 because it serves as a Public Housing Authority in Kent and Sussex County and a Community Development and Planning Agency. For more information about the Delaware State Housing Authority, please call (302) 739-4263 or visit www.destatehousing.com
