{"data":{"id":"us-de/31-del.-c.-4034","jurisdiction":"us-de","citation":"31 Del. C. § 4034","heading":"Procedure prior to financing of housing developments undertaken by housing sponsors.","body":"Notwithstanding any other provisions of this chapter, DSHA is not empowered to finance any housing development undertaken by a housing sponsor pursuant to §§ 4031, 4032 and 4033 of this title, unless prior to the financing of any housing development hereunder DSHA finds:\n(1) That there exists a shortage of decent, safe and sanitary housing at rentals or prices which persons and families of low-income or moderate-income can afford within the general housing market area to be served by the proposed housing development;\n(2) That private enterprise and investment have been unable, without assistance, to provide the needed decent, safe and sanitary housing at rentals or prices which persons or families of low- and moderate-income can afford or to provide sufficient mortgage financing for residential housing for occupancy by such persons or families;\n(3) That the housing sponsor or limited-profit housing sponsor or sponsors undertaking the proposed housing development in this State will supply well-planned, well-designed housing for persons or families of low- and moderate-income and that such sponsors are financially responsible;\n(4) That the housing development to be assisted pursuant to this chapter will be of public use and will provide a public benefit;\n(5) That the housing development will be undertaken within the authority conferred by this chapter upon DSHA and the housing sponsor or sponsors.","path":["Title 31. Welfare","Housing and Slum Clearance","CHAPTER 40. The Delaware State Housing Authority","Subchapter III. Housing Development Fund and Financing of Housing Developments"],"source_url":"https://delcode.delaware.gov/title31/c040/sc03/index.html#4034","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:36Z","sha256":"6aee14d0f936088702176bea05c5c340393b39f2e1528cfd4a699b8e1b3f0f3d","source_id":"us-de","stale":true,"prev":"us-de/31-del.-c.-4033","next":"us-de/31-del.-c.-4035"},"notice":"GroundRules: Original legal text. Not legal advice."}