FinanceIntermediateDelaware Exam

What is Delaware's 'State Housing Authority' (DSHA) and what programs does it offer?

AA Delaware court handling housing dispute cases

BThe Delaware State Housing Authority provides affordable housing programs including first-time homebuyer loans, down payment assistance, tax credit financing for rental housing, and Section 8 housing choice vouchers for low- and moderate-income DelawareansCorrect

CA federal agency managing public housing in Delaware

DSimply a private commercial bank that provides below-market mortgages only to its own current Delaware employees, though the underlying details naturally shift somewhat depending on the county, the property type, and the specific facts of the transaction at hand

Why The Delaware State Housing Authority provides affordable housing programs including first-time homebuyer loans, down payment assistance, tax credit financing for rental housing, and Section 8 housing choice vouchers for low- and moderate-income Delawareans Is Correct

Answer B: The Delaware State Housing Authority provides affordable housing programs including first-time homebuyer loans, down payment assistance, tax credit financing for rental housing, and Section 8 housing choice vouchers for low- and moderate-income Delawareans

The Delaware State Housing Authority (DSHA) is the state's housing finance agency. Programs include: Delaware First program (first-time homebuyer mortgages at competitive rates), Welcome Home down payment assistance, HOME Investment Partnerships funding for affordable housing development, Low-Income Housing Tax Credit (LIHTC) allocations, and HCV (Section 8) voucher administration.

Exam Tip: Finance

Finance questions often involve calculations. Master the T-bar method, understand the difference between conventional and government-backed loans, and know key ratios like LTV and DTI.

Key Finance Terms in This Question

Agency

A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.

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Key Terms to Know

Agency

A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.

Private Mortgage Insurance (PMI)

Insurance required by lenders on conventional loans with less than 20% down payment, protecting the lender — not the borrower — against default.

Fair Housing Act

Federal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.

Right of First Refusal

A contractual right giving a party the opportunity to match any offer received before the owner can accept it from a third party.