1. Delaware State Housing Authority FY ’15 Joint Finance Committee Public Hearing February 11, 2014 Delaware State Housing Authority 18 The Green Dover, DE 19901 (302) 739-4263 ■ (888) 363-8808 Visit us at www.destatehousing.com

2. DSHA Presentation Presentation Summary – Core Businesses Accomplishments and Highlights Delaware Housing Market Overview State Budget Production Reports FY 15 Budget Request

3. DSHA Mission Our mission is to efficiently provide, and to assist others to provide quality, affordable housing opportunities and appropriate supportive services to low- and moderate-income Delawareans

4. DSHA Core Businesses Homeownership Homebuyer Mortgages Second Mortgage Assistance Foreclosure Mitigation Home Rehabilitation Rental Rental Housing Development Multi-Family Site Preservation Rental Subsidies Asset Management

5. DSHA Accomplishments and Highlights First-time homebuyer tax credit Mortgage Financing Partnerships Bond Restructuring ($2.5 M savings) $5 million in new rental subsidies

6. Delaware Housing Market Overview

7. Housing Market Review: Building Permits Source: U.S. Census Bureau, CenStats Database

8. Housing Market Review: Home Sales Source: County Board/Associations of REALTORS©

9. Housing Market Review: Home Prices Source: County Board/Associations of REALTORS©

10. Housing Market Review: Mortgage Delinquencies Source: Mortgage Bankers Association, National Delinquency Survey

11. Housing Market Review: Foreclosure Filings

12. Housing Market Review: Sheriff Sales Source: Lexis Nexis Database, compiled by Counties, AG, and DSHA

13. FY15 General Fund Request

14. State Rental Assistance Program Production Report $3,000,000 FY14 Budget $1,900,000 FY14 DSAMH Budget

15. SRAP Status Report (as of 1/31/2014) SRAP Vouchers Issued/Leased by Agency DHSS-DSAAPD378% DHSS-DMMA5412% DHSS-DDDS347% DHSS-DSAMH25655% DSCYF-Youth4710% DSCYF-Families358% TOTAL463100%

16. SRAP Production Report Applications Pending Vouchers IssuedUnits LeasedTotal Applications Pending (#) Funds Reserved ($) Vouchers Issued (#) Funds Reserved ($) Units Leased (#) Funds Encumbered ($) Application, Vouchers and Units (#) Total Funds Reserved and Encumbered ($) 24$204,00099$841,500364$2,865,228487$3,910,728 SRAP Production and Pipeline (as of 1/31/2014):

17. Program Recognition 2011 Governor’s Team Excellence Awards Finalist 2012 National Association of Housing and Redevelopment Officials (NAHRO) National Award of Merit 2013 National Council of State Housing Finance Agencies (NCSHA) National Annual Award for Program Excellence

18. State Rental Assistance Program SRAP DOE Pilot Program MOU with DOE and DSCYF to create 100 vouchers Vouchers will cover one 12-month period School homeless coordinators to make eligibility determination, referral, and provide services According to DOE, there are 3,000 homeless families with at least one child in school High cost to transport homeless students Students with stable housing perform better in school

19. SRAP FY 15 Request $3,000,000 DSHA request for $3 million in FY15 to maintain vouchers issued in FY13 and FY14 SRAP program expansion to meet needs of DHSS/DOJ Settlement $1.9 million allocated to the SRAP program by DHSS/DSAMH to maintain issued vouchers Funding for additional vouchers to comply with the Settlement if made available

20. FY15 General Fund Request

21. Housing Development Fund FY13 Production Report $4,070,000 Base Budget $6,000,000 ARHP (Bond Bill)

22. Housing Development Fund FY13 Unit Production Rental Housing Homeownership New Construction/Rehabilitation245 Units Rental / Security Deposit914 Units New Construction/Rehabilitation38 Units Pre-Purchase Counseling570 Units

23. Housing Development Fund FY13 Funding Leverage HDF FY13 Funding Summary: HDF Leveraged Amount $ 54 million (6.43 : 1 ratio) Economic Activity Created $ 58.8 million (7:1 ratio) Jobs Created or retained 294 HDF Dollars Allocated$8.4 million Low Income Housing Tax Credits$18.9 million Private Loans$12.2 million Other (Federal, Donations, Contributions)$22.9 million Total$62.4 million

24. Housing Development Fund FY15 Budget Request $4,070,000 Base Budget

25. Housing Development Fund Base Budget Request $4,070,000 1.Affordable Rental Housing Rehabilitation of existing units Creation of new units 2.Affordable Homeownership New units Owner-occupied rehabilitation Housing counseling

26. Stoneybrook Apartments Before Renovation During Construction

27. Cascades Foreclosed Development During Construction Completed Construction

28. Heron Run Before Renovation During Construction

29. Heron Run Completed

30. Heron Run Solar Panel Installation

31. Buford Manlove Manor Before After Renovation

32. William Coombs Video Testimonial

33. FY15 General Fund Request

34. Contact Information Anas Ben Addi, Director Delaware State Housing Authority 18 The Green Dover, Delaware 19901 Telephone: 739-4263  Fax: 739-6122 Toll Free: 888-363-8808 E-mail: Anas@destatehousing.com Thank you!