DelawareAffordable housing applicants could seek Site Readiness Fund money
Applicants could be considered for Site Readiness Fund money if their housing meets income and cost limits and they show it would help Delaware’s economy.
What it does
Applicants seeking to create affordable housing could receive Site Readiness Fund money if they show it would help Delaware’s economy. The housing must meet income and cost limits, and approval is not guaranteed.
Argument forFunding could help approved applicants move housing projects forward for households at or below Delaware’s median income.
Argument againstSome affordable housing projects might miss out on funding if applicants cannot show how the homes would help Delaware’s economy.
More detail
Applicants seeking to create affordable housing could be approved for Site Readiness Fund money. The housing must be affordable to households with income at or below Delaware’s median state income. Applicants must show the housing would help Delaware’s economy. Housing costs may be no more than 30% of a household’s yearly income before taxes, counting rent and utilities or mortgage payments, property taxes, and required insurance.
Where do you stand?
Choose your position
Tell your reps
Take a position to see your representatives and ways to contact them.
Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- May 20Motion to Release FailedLatest
- May 15Introduced and Assigned to Housing Committee in HouseIntroduced
HousingEconomy & Jobs