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DelawareSB 150153rd General Assembly (2024–2026)SenateWALLET

AN ACT TO AMEND TITLE 31 OF THE DELAWARE CODE RELATING TO AN AFFORDABLE RENTAL HOUSING PROGRAM WITHIN THE HOUSING DEVELOPMENT FUND.

Sponsored By: Russell Huxtable (Democratic)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Rent limits and help for Delaware renters

During a program loan’s term, monthly rent is limited to the lower of basic rent or 30% of adjusted income. Basic rent covers project costs and required loan payments, reduced by the housing agency’s interest credit. Similar units in the same project must have the same rent rate. Projects must accept all tenant-based rent subsidies, and tenants may receive rental help from other sources. Delaware’s housing agency may use rental-assistance funds to lower rents for some units, but no subsidy amount is guaranteed. It may also use program funds for administration; the law sets no funding amounts. The agency may require first priority for applicants living in substandard housing.

New loans support affordable Delaware rentals

The law creates the Affordable Rental Housing Program, a revolving fund within Delaware’s Housing Development Fund. Delaware’s housing agency provides loans to buy land or buildings, build or renovate rentals, and add needed facilities. The program serves very low-, low-, and moderate-income families, seniors, and people with disabilities. Very low income means below 50% of area median income; low income means 50%–80%. Moderate income means no more than $5,500 above 80% of area median income. Interest credits reduce the loan payment rate to 1%, using the lower interest rate at approval or closing. Payments can be calculated over up to 50 years, but loans must be repaid within 30 years. The agency may limit early repayment. Buildings must have at least two units and meet building codes, the Model Energy Code, and federal housing physical standards. The agency must issue loan, eligibility, and priority rules through the state’s formal rulemaking process. It must define adjusted income and area median income, and publish regional median incomes annually in the regulations register and online.

Sponsors & Cosponsors

Sponsor

  • Russell Huxtable

    Democratic • Senate

Cosponsors

  • Frank Burns

    Democratic • House

  • Nnamdi O. Chukwuocha

    Democratic • House

  • Mara Gorman

    Democratic • House

  • Krista Griffith

    Democratic • House

  • Jeff Hilovsky

    Republican • House

  • Kyra L. Hoffner

    Democratic • Senate

  • Kendra Johnson

    Democratic • House

  • Larry Lambert

    Democratic • House

  • S. Elizabeth Lockman

    Democratic • Senate

  • Ray Seigfried

    Democratic • Senate

  • Claire Snyder-Hall

    Democratic • House

  • David P. Sokola

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 57 • No: 0

House vote • 6/30/2025

Passed (SM required)

Yes: 39 • No: 0

Senate vote • 6/10/2025

Passed (SM required)

Yes: 18 • No: 0

Actions Timeline

  1. Signed by Governor

    9/3/2025Governor

  2. Passed By House. Votes: 39 YES 1 ABSENT 1 VACANT

    6/30/2025House

  3. Reported Out of Committee (Housing) in House with 5 Favorable, 2 On Its Merits

    6/17/2025House

  4. Assigned to Housing Committee in House

    6/11/2025House

  5. Passed By Senate. Votes: 18 YES 3 ABSENT

    6/10/2025Senate

  6. Reported Out of Committee (Housing & Land Use) in Senate with 4 Favorable, 2 On Its Merits

    5/21/2025Senate

  7. Introduced and Assigned to Housing & Land Use Committee in Senate

    5/15/2025Senate

Bill Text

  • Current

    5/15/2025

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