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

Homeownership Program for First Time Homebuyers in Connecticut
The Connecticut Housing Finance Agency has established the Homeownership Program wherein it intends to provide reasonable home loans with below-market interest rates to tenants occupying publicly assisted housing who wish to transition from renting into homeownership.

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First Time Homebuyer Programs in Georgia
The state of Georgia offers a variety of programs to assist first time home buyers. The programs are offered primarily through the Georgia Department of Community Affairs.

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Government Grants within the United States Housing Sector
The government has established quite a slew of agencies that are specifically designed to administer housing programs and assist the needs of homebuyers, renters, and property developers.

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Downpayment Assistance Program for the First Time Home Buyers in North Carolina
In an attempt to contribute to the eradication of this problem, the North Carolina HFA has established the Downpayment Assistance Program for the First Time Home Buyers wherein they provide interest-free, deferred second mortgages up to $8,000 to cover the downpayment and closing costs of a chosen property.

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