SB 22

  • Delaware Senate Bill
  • 152nd General Assembly (2023-2024)
  • Introduced in Senate May 14, 2024
  • Passed Senate May 09, 2024
  • Passed House Jun 30, 2024
  • Governor

An Act To Amend Title 31 Of The Delaware Code Relating To Establishing The Delaware Workforce Housing Program.

Abstract

This Act establishes the “Delaware Workforce Housing Program" (DWHP). Modeled after the Downtown Development District Program, the DWHP allows a qualified workforce housing investor to be reimbursed through a grant up to 20 percent of the capital costs associated with workforce housing units they create. To be eligible for a grant, the project must be located in Investment Levels 1 and 2 as established by the Delaware Strategies for State Policies and Spending. A grant may not be awarded for a housing unit that also uses a federal low-income or state low-income housing tax credit. This program will be administered by the Delaware State Housing Authority (DSHA) and requires the DSHA to provide an annual report on the effectiveness of the program. The Act provides the DSHA with the power to adopt regulations for the DWHP. The substitute bill differs from Senate Bill No. 22 by changing most references to the word “affordable” and replacing it with the word “workforce.” Accordingly, the substitute bill modifies “affordable housing unit” to “workforce housing unit” and modifies “qualified affordable housing investment” to “qualified workforce housing investment.” The change in terminology is to avoid confusion within the housing industry, where the word “affordable” is generally accepted to mean housing for a median income level of 80% and below. To be clear, this Act provides workforce housing for median income levels of 100% and below. References to “affordable” have been changed to “workforce” to reflect this distinction throughout the Act. The substitute further clarifies that, although DSHA may not award a DWH Grant for a housing unit that would also use a federal low-income or state low-income housing tax credit, DSHA may approve DWH Grants for workforce housing units in a multiple unit housing project so long as the DWH Grants are awarded to those specific units that do not use federal low-income or state low-income housing tax credits. The substitute allows for DSHA to use part of the allocations for the administrative costs of the DWHP.

Bill Sponsors (24)

Votes


Jun 30, 2024

May 09, 2024

Actions


Jun 30, 2024

House

Passed By House. Votes: 40 YES 1 ABSENT

Jun 12, 2024

House

Reported Out of Committee (Housing) in House with 1 Favorable, 7 On Its Merits

  • Committee-Passage
  • Committee-Passage-Favorable
Housing

May 14, 2024

House

Assigned to Housing Committee in House

  • Introduction
  • Referral-Committee
Housing

May 09, 2024

Senate

Passed By Senate. Votes: 20 YES 1 NOT VOTING

Apr 24, 2024

Senate

was introduced and adopted in lieu of SB 22

Bill Text

Bill Text Versions Format
Bill Text PDF HTML

Related Documents

Document Format
Fiscal Note PDF

Sources

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