1. Delaware State Housing Authority presents

2. Agenda Delaware State Housing Authority (DSHA) Home Ownership Products Development of Live Near Your Work Eligibility Criteria Partnerships Administration of Program Summary

3. Delaware State Housing Authority (DSHA) State Housing Finance Agency Director - Member of Governor’s Cabinet Statewide Resources for Home Ownership and Rental Affordable Housing

4. Home Ownership Products First Time Home Buyer Mortgage Loans Housing Rehabilitation Loans Foreclosure Prevention Loans Down Payment & Settlement Assistance –2 nd Mortgage Product –Assisted Grant –Live Near Your Work $3,000 grant toward closing costs of home within 3 miles of employment.

5. Development of Live Near Your Work Livable Delaware Initiative Joint commitment and partnership with: –Employers –Jurisdictions –Lenders –Delaware State Housing Authority Win – Win - Win

6. Participating Employers Aloysius, Butler, & Clark Aramark (Wesley College) City of Milford City of Wilmington Dover Housing Authority Horizon House, Inc. LACC Mona Lisa Restaurant Neighborhood House, Inc. PATS, Inc. Perdue Farms, Inc. Seawatch International St. Francis Hospital Town of Milford Town of Georgetown University of Delaware Wesley College West End Neighborhood House West Side Health, Inc. Wilmington Friends School

7. Household Income Property LocationIncome Limit New Castle County 1 to 2 Person Households$77,800 3 or More Person Households$89,470 Kent & Sussex Counties 1 to 2 Person Households$70,800 3 or More Person Households$81,420

8. Property Eligibility Location in designated LNYW area –3 mile radius from the employer –Livable Delaware boundaries Purchase Price Limits –New Castle County:$366,990 –Kent County$328,762 –Sussex County$327,670 1 –Unit Properties Only

9. LNYW -Jurisdictions JurisdictionContribution Town of GeorgetownUp to $2,000 City of Wilmington$1,000 City of Milford$1,000

10. HUD-Approved Housing Counseling Agencies –First State Community Action Agency –Hockessin Community Center –HOND –Interfaith Community Housing Delaware –NCALL Research –Neighborhood House –West End Neighborhood House –YWCA Delaware

11. Summary Best Practices – Eco- Friendly Promotion – Unique Product for Targeted Marketing by Realtors and Lenders. – Minimal & Controlled Financial Investment – Identify Natural Partners Challenges – Economy & Real Estate Market – Home Buyers’ Preferences

12. CONTACT INFORMATION Cynthia Karnai Director of Housing Finance cynthia@destatehousing.com 820 N. French Street, 10 th Floor Wilmington, DE 19801 Phone: 302.577.5001 FAX: 302.577.5021 www.DeStateHousing.com