First Time Homebuyer Programs in Delaware

by: Michael Saunders

In the year 1968, The Delaware State Housing Authority was created as a public corporation under the Delaware State Department of Housing. The move was inspired by the need to address the concerns of the people in Delaware who seek homebuying-associated assistance.

The programs of the authority are all inspired by its general mission which is to "efficiently provide, and assist others to provide, quality, affordable housing opportunities and appropriate supportive services to responsible low- and moderate-income Delawareans."

Since its creation in 1968, The Delaware State Housing Authority, otherwise referred to as DSHA, has already turned its $100,000 start-up fund into more than $500 million.

At present, the authority has operates by making loans and grants to both for-profit and non-profit housing sponsors; making loans to mortgage lenders and requiring that they use the proceeds to make new residential mortgage loans; applying for and receiving subsidies from the federal government and other sources; and finally, issuing its own bonds and notes.

Among all of the first time homebuyer programs offered by the DSHA, some of the most notable are the following:

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First Time Homebuyer Programs in Delaware
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About The Author Michael Saunders is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. He also maintains Websites providing resources on civic engagement grants and philanthropy giving.

Additional Resources

category - Home Buying Programs

Construction Incentive Program for First Time Home Buyers in New York
The State of New York cares so much about its people. It looks out for them and constantly ascertains that their best interest is always protected. One of the ways in which the state has manifested this concern is through the establishment of the State of New York Mortgage Agency, more commonly referred to as SONYMA, which is a public authority established in 1970 designed to provide reasonable and affordable home-ownership opportunities to low and moderate income New Yorkers, especially to first time home buyers.

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Urban Rehabilitation Homeownership Program for Homebuyers in Connecticut
In accordance with this mission, the Connecticut Housing Finance Authority has established the Urban Rehabilitation Homeownership Program wherein it intends to home purchase loans at steady, below-market rates together with home improvement loans with no interest, all in an attempt to support homeownership and investment in selected Connecticut neighborhoods.

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Rehabilitation Mortgage Insurance Program
The Department of Housing and Urban Development, otherwise known as HUD, is a Cabinet department in the executive branch of the United States federal government.

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Keystone Home Loan PLUS Program
The Pennsylvania Housing Finance Agency, otherwise termed as PHFA, is an independent agency established in year 1972 in an attempt to assist the provision of reasonable and affordable housing opportunities the elderly, persons and families of modest means, and people suffering from disabilities.

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