§ 4001. Definitions.
§ 4001. Definitions. As used in this chapter, unless a different meaning appears from the context: (1) “Area” means the State. (2) “Authority” means a public body corporate or politic, organized in accordance with Chapter 43 or 45 of this title for a purpose, with the powers and subject to the restrictions set forth in […]
§ 4021. Provisions of bonds and mortgages.
§ 4021. Provisions of bonds and mortgages. In connection with the issuance of bonds or the incurring of any obligation under a lease and to secure the payment of such bonds or obligations, DSHA in addition to its other powers may: (1) Pledge all or any part of its rents, fees or revenues to which […]
§ 4002. Purpose.
§ 4002. Purpose. (a) It is the purpose of this chapter that DSHA have the authority and capacity to: (1) Efficiently provide, and to assist others to provide, quality affordable housing opportunities and appropriate supportive services to responsible low- and moderate-income Delawareans; (2) Encourage persons and families benefiting from activities authorized in this chapter, to […]
§ 4022. Trust indenture.
§ 4022. Trust indenture. (a) At the discretion of the issuing officer each and any issue of such bonds may be secured by a trust indenture by and between the issuing officer and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or without this […]
§ 4003. Housing Director.
§ 4003. Housing Director. The administrator and head of DSHA shall be the Housing Director as provided in Chapter 86 of Title 29. 71 Del. Laws, c. 357, § 6;
§ 4023. Remedies of bondholders and trustees.
§ 4023. Remedies of bondholders and trustees. (a) Any holder of bonds issued under this chapter or any of the coupons attached thereto, and the trustee under the trust indenture, if any, except to the extent the rights given by this chapter may be restricted by resolution passed before the issuance of the bonds or […]
§ 4004. Powers and duties of the Housing Director.
§ 4004. Powers and duties of the Housing Director. (a) The Housing Director is responsible for the fulfillment of the purposes outlined in § 4002 of this title. (b) The Housing Director shall: (1) Employ, in the Housing Director’s discretion, planning, architectural and engineering consultants, attorneys, accountants, construction and financial experts and consultants, Superintendents, managers […]
§ 4024. Moneys as trust funds.
§ 4024. Moneys as trust funds. All moneys received pursuant to the authority of this chapter, whether as proceeds from the sale of bonds or grants or other contributions from any person corporate or otherwise, or government, or as fees and revenues shall be deemed to be trust funds, to be held and applied solely […]
§ 4005. Additional powers of Housing Director.
§ 4005. Additional powers of Housing Director. Whenever the Housing Director determines that the purposes of this chapter and Chapter 43 of this title, will be better accomplished by a revision of the area of operations of any authority or by the consolidation of 2 or more authorities or by the performance of the functions […]
§ 4010. Creation.
§ 4010. Creation. In accordance with Chapter 86 of Title 29, there is created in the Executive Department a public corporation of perpetual duration to be called the “Delaware State Housing Authority,” hereinafter referred to as “DSHA.” Chapter 43 of this title shall apply to DSHA and to its projects as fully as such provisions […]