Credit to: Coastal Point

The Delaware State Housing Authority (DSHA) and Discover Bank announced a significant milestone in their long-standing partnership to expand homeownership opportunities for low-to-moderate-income residents across the state. Over the past decade, the collaborative lending program has provided more than $500 million in mortgage financing to 2,780 first-time homebuyers with household incomes at or below 80 percent of the area median income.

Complementing the more than $500 million in mortgages originated, the program generated more than $5 million in additional subsidies. The subsidies enabled DSHA to offer mortgages with consistently below-market interest rates, furthering affordable homeownership prospects for Delaware…

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