Delaware housing and borrowing

Amends Executive Order 18 to authorize updates to the Delaware Permitting Accelerator with the governor’s written approval and consultation with affected agencies. Requires prompt online publication of the current version with its version number and effective date. Preserves the other provisions of Order 18 and states that the accelerator creates no enforceable private right. Projects already accepted that satisfy the version promulgated on this date are deemed eligible as of their original acceptance or designation. Updates require written approval, affected-agency consultation and prompt publication with a version and effective date. Previously accepted projects qualify only under the stated version conditions. Current published versions, individual approvals and implementation still need review. The chart does not isolate this action’s effect.

Retained Delaware evidence context: housing-borrowing · reviewed Delaware policy context · real-gdp · reviewed Delaware policy context · energy · reviewed Delaware policy context. This record’s connection to the topic does not establish an effect on the measured result.

subject to the Governor's written approval

Implements the attached Delaware Permitting Accelerator for qualifying housing, mixed-use, energy, broadband, water and sewer projects. Establishes coordinated agency review, priority-project selection, a public dashboard and reporting. The original housing framework calls for determinations within 120 business days after application completeness, subject to documented extensions. Preserves statutory procedures, public participation, substantive environmental and safety standards, and local land-use authority. Order 23 later authorizes controlled updates; this record describes the original attached framework, not every later version or completed project. Source note: attachment section 4(h) refers to section 2(e) for mixed-use development, while the mixed-use definition is in section 2(d); no corrected legal cross-reference is inferred. Housing determinations generally run from application completeness, with documented extensions. Energy determinations generally allow 120 business days after completeness or the required hearing/comment close, and 180 for complex projects. Substantive laws, public participation and local land-use authority remain. Attachment 4(h) has an inconsistent mixed-use cross-reference. EO 23 later permits controlled updates; the current version and individual project decisions require separate review. The chart does not isolate this action’s effect.

Retained Delaware evidence context: housing-borrowing · reviewed Delaware policy context · real-gdp · reviewed Delaware policy context · energy · reviewed Delaware policy context. This record’s connection to the topic does not establish an effect on the measured result.

120 business days

Allocates the $397.625 million 2026 private-activity bond volume cap: $99,406,250 each to the Delaware State Housing Authority and Delaware Economic Development Authority, and the remaining $198,812,500 among New Castle County, Wilmington, Kent County and Sussex County. Reallocates unused 2025 local and economic-development capacity to the housing authority, producing total 2025 carryforward capacity of $388.78 million including its prior allocation. These amounts are bond-issuance capacity, not cash grants or proof that bonds were issued. The $397.625 million annual cap and $388.78 million prior-year carryforward are issuance capacity, rather than cash grants, bonds issued, housing delivered or a public-debt total. The chart does not isolate this action’s effect.

Retained Delaware evidence context: housing-borrowing · reviewed Delaware policy context. This record’s connection to the topic does not establish an effect on the measured result.

$99,406,250 to the Delaware State Housing Authority

Directs publication and use of the updated State Strategies planning documents and maps, corridor planning with Sussex County, a statewide smart-growth visioning process and coordination of infrastructure investment. Directs expansion of the Downtown Development District program to the allowable 15 districts and applications opening February 4. Calls for improvements to the Preliminary Land Use Service process, including movement toward 45-day completion, and rescinds Governor Carney’s Order 42. These are planning directives rather than proof of completed development. Source note: The PDF and HTML use different wording for the five-year State Strategies update requirement. This summary does not resolve or assert a precise deadline for that provision; the signed PDF is the primary record. Planning, corridor work, an application opening and a 45-day process target do not prove projects approved, funding awarded or additional output. The original PDF and HTML differ in their five-year update wording; no precise deadline for that clause is inferred. The chart does not isolate this action’s effect.

Retained Delaware evidence context: housing-borrowing · reviewed Delaware policy context · deficit-debt-interest · reviewed Delaware policy context · real-gdp · reviewed Delaware policy context. This record’s connection to the topic does not establish an effect on the measured result.

Delaware Strategies for State Policies and Spending

SB 150, enacted as Volume 85, Chapter 209, creates an affordable rental housing revolving-loan program within the Housing Development Fund. It supports eligible rental projects, interest credits to a 1% payment rate and rents capped at the lesser of basic rent or 30% of a tenant’s adjusted income. Loans may be amortized for up to 50 years but have payment terms of no more than 30 years. The rent rule applies to financed housing projects, rather than all Delaware rentals. Eligibility, appropriations and DSHA policies govern operation; approval does not prove funded loans, built units, lower statewide rents, issued debt or a measured fiscal balance change.

Retained Delaware evidence context: Median gross rent · housing-borrowing · reviewed Delaware policy context · deficit-debt-interest · reviewed Delaware policy context. This record’s connection to the topic does not establish an effect on the measured result.

DSHA must provide interest credit to subsidize the interest on ARHP loans to a payment rate of 1%.

SB 150, enacted as Volume 85, Chapter 209, creates an affordable rental housing revolving-loan program within the Housing Development Fund. It supports eligible rental projects, interest credits to a 1% payment rate and rents capped at the lesser of basic rent or 30% of a tenant’s adjusted income. Loans may be amortized for up to 50 years but have payment terms of no more than 30 years. The rent rule applies to financed housing projects, rather than all Delaware rentals. Eligibility, appropriations and DSHA policies govern operation; approval does not prove funded loans, built units, lower statewide rents, issued debt or a measured fiscal balance change.

Retained Delaware evidence context: housing-borrowing · reviewed Delaware policy context · deficit-debt-interest · reviewed Delaware policy context. This record’s connection to the topic does not establish an effect on the measured result.

DSHA must provide interest credit to subsidize the interest on ARHP loans to a payment rate of 1%.