Delray Housing Group

Our Programs

AFFORDABLE HOUSING PROGRAMS:

Currently the DHG manages 684 units and of these 9 properties are owned by the DHG.  Within these properties there are a total of four different programs that consist of the following;

Scattered Sites:

Currently we manage 8 scattered sites. This program is limited to low-income families & individuals.  The Housing Authority determines the families individual eligibility based on the household’s annual gross income.

Neighborhood Stabilization Program (NSP):

Congress established the NSP for the purpose of stabilizing communities that suffered from foreclosures & abandonment, through the purchase & redevelopment of foreclosed & abandoned homes & residential properties.  As a result the DHG partnered with the City of Delray Beach & acquired 7 NSP properties that are now leased to low income families.

State Housing Initiative Partnership (SHIP):

This program provides funds to local government as an incentive to create partnerships that produce & preserve affordable home ownership & multifamily housing.  To qualify the family must meet the very low, low or moderate income limits.  Currently we manage 23 SHIP units

Low Income Housing Tax Credit (LIHTC):

This is the federal government’s primary program for encouraging the investment & private equity in the development of affordable housing for low income housing. DHG secured its first tax credit deal in 2013 for Village Square, a 228 unit, 39.2 million affordable housing development. In 2016 DHG teamed up with Smith & Henzy Advisory Group in securing another tax credit property and currently serves as General Partner and Property Manager for this 404 unit, 35.8 million development known as Lake Delray Apartments.

for-rent
programs
programs
programs
community