Our goal is to continue to provide affordable housing opportunities and help support a strong, local economy. A 2009 study by the National Association of Home Builders estimated that the construction of 100 single-family homes generates $21.1 million in local income, $2.2 million in taxes and other revenue for local government, and 324 local jobs.
Delaware State Housing Authority (DSHA) has made available $250 million in low-rate mortgages to First-Time Homebuyers. Currently, these mortgages are at a rate of 4.75%, 0 Points 30-year fixed. The rate drops down to 4.25%, 0 points 30-year fixed, if you are buying a new construction home.
Since the program announcement, three weeks ago, we have funded close to 100 mortgages totaling $18 million.
So who is eligible? If you haven’t owned a home in the past three years, if you are making up to $89,000, and looking to buy a house priced at no more than $366,000, you definitely should contact us!
To start the process, call DSHA at 888-363-8808 or visit our website at www.destatehousing.com
Helping you to achieve your dream of homeownership is our priority — Good Luck!
Written on: April 15th, 2010 in Effective & Efficient Government
Thank you and welcome to the first issue of Delaware Forward!
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From December of 2008 to November of 2009, Delawareans were hit particularly hard by three events. Our state’s Chrysler plant closed that December and our General Motors plant closed a few months later. Last November, we were told that Valero would be shutting down its facility in Delaware City.
But once again, we’ve seen what happens when Delawareans come together to solve a problem.
Last week, PBF Energy company announced that — in part because of the great teamwork from so many Delawareans — they will be buying the Valero facility, making significant investments in the plant and putting hundreds of people to work.
This builds on the success of the other two facilities: The Chrysler site now belongs to the University of Delaware, which is moving forward with its plan to put people to work to improve our economic future. Fisker Automotive is buying the old GM plant and expects to employ thousands to manufacture plug-in hybrid cars.
Learn more about how we are saving and creating quality jobs.
The U.S. Department of Education recently announced that Delaware achieved the highest score in the nation during the first phase of the rigorous “Race to the Top” competition. Delaware will receive about $100M over the next four years — we are one of only two states out of 41 applicants named “winners” in this phase.
One important reason for that is that teachers, the business community, school administrators, parents, school boards, legislators, charter schools and our congressional delegation all came together with a singular focus on what we need to do to improve our schools. In short, it was about the kids, not the adults.
What’s really important is where we go from here. Read more.
Here are three reasons why I am exploring and engaging through social media:
There are so many amazing things happening in our state, and we need to get the word out. Learn more about the grassroots discussion here.