1. Delaware State Housing Authority 18 The Green Dover, DE 19901 (302) 739-4263 ■ (888) 363-8808 Visit us at www.destatehousing.com Delaware State Housing Authority 1 Governor’s Conference on Housing October 11, 2012

2. Housing Market Review: Building Permits 2

3. Housing Market Review: Home Sales 3

4. 4 Housing Market Review: Foreclosure Filings

5. 5 Housing Market Review: Sheriff Sales

6. 6 Housing Market Review: Mortgage Loan Delinquencies

7. 7 Housing Market Review: Delinquencies and Unemployment

8. Thank you! Matthew Heckles Director of Policy and Planning 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 8 Contact Information

9. Delaware Foreclosure Response Plan 9 Governor’s Foreclosure Mitigation Initiative: 1.Before mortgage delinquency: education and outreach 2.During foreclosure: mortgage assistance programs 3.After foreclosure: help families and communities recover

10. Education and Outreach 10 1.Mass Media and Targeted Marketing TV / Radio Billboards / Bus Signs Mailing / Direct contact Internet / Hotline 2.Housing Counseling 6,000 homeowners served with DSHA funds since 2009 Shift to performance-based compensation Creation of new funding systems Development of network to increase consistency and quality

11. Delaware Emergency Mortgage Assistance Program 11 DEMAP began as a pilot program in 2007 Provides a bridge loan to homeowners Must be 90-days delinquent and demonstrate hardship Funded primarily with state Bond Bill funds since 2007 $6 million added in federal funds last year Assisted 121 homeowners in FY12 Low re-default rate Wilmington Senior Tax Assistance Program

12. Neighborhood Recovery 12 Federal Neighborhood Stabilization Program (NSP) $34 million in federal funds flowing through DSHA to local jurisdictions Acquire, rehab, sell foreclosed homes Over 200 units Exploring more ways to help families post-foreclosure

13. Mortgage Settlement Agreement 13 The Multi-State Mortgage Settlement Agreement will provide the funding for DSHA foreclosure prevention programs for the foreseeable future $3.5 million for Education/Outreach and Housing Counseling $4 million for Emergency Mortgage Assistance $888,000 for Legal Assistance to Homeowners

14. Thank you! Matthew Heckles Director of Policy and Planning 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 14 Contact Information