Audit Finds DSHA Generally Complied with LIHTC Exchange Program

The Treasury Department’s Office of Inspector General recently audited the Delaware State Housing Authority (DSHA) as part of its ongoing oversight of the LIHTC exchange program authorized by Section 1602 of the American Recovery and Reinvestment Act of 2009. The Recovery Act was signed into law to provide relief to the ongoing economic crisis. Part of that relief, provided in Section 1602 of the Recovery Act, consisted of grants awarded to states for low-income housing projects in lieu of low-income housing credit allocations.