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

3 provisions identified: 1 benefits, 0 costs, 2 mixed.

Rent capped at 30% of income

If you live in a program-financed property, your monthly rent equals the smaller of the basic rent or 30% of your adjusted income. Rents for similar units must be the same. Properties must accept tenant-based rent help, like vouchers, and the state can use tenant assistance funds to lower rent for some units. The state housing authority can require first priority for people living in substandard housing. Buildings must have at least two units and meet building codes, the Model Energy Code, and HUD physical standards.

Low-interest loans for housing developers

Delaware creates a revolving loan program to finance affordable rental projects for low- and moderate-income households, seniors, and people with disabilities. The state housing authority makes long-term loans to buy land or buildings, build or rehab properties, and add needed water or waste systems. Each loan uses the lower interest rate at approval or at closing. The authority subsidizes payments so borrowers pay a 1% interest rate. Loans may amortize up to 50 years but must be fully paid within 30 years from the loan date. The authority can set limits on paying off loans early.

State housing authority sets rules, income limits

The state housing authority must write rules to run the program. The rules set who qualifies, how loans are made and serviced, and how adjusted income and area median income (AMI) are defined. Each year, the authority publishes AMI by region on its website and in the Register of Regulations. The authority may use part of program funds to cover administration.

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 • 7/1/2025

Passed (SM required)

Yes: 39 • No: 0

Senate vote • 6/10/2025

Passed (SM required)

Yes: 18 • No: 0

Actions Timeline

Signed by Governor
9/3/2025Governor
Passed By House. Votes: 39 YES 1 ABSENT 1 VACANT
6/30/2025House
Reported Out of Committee (Housing) in House with 5 Favorable, 2 On Its Merits
6/17/2025House
Assigned to Housing Committee in House
6/11/2025House
Passed By Senate. Votes: 18 YES 3 ABSENT
6/10/2025Senate
Reported Out of Committee (Housing & Land Use) in Senate with 4 Favorable, 2 On Its Merits
5/21/2025Senate
Introduced and Assigned to Housing & Land Use Committee in Senate
5/15/2025Senate

Bill Text

Current
5/15/2025
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