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Cynthia Deakyne

Cynthia L. Deakyne is DSHA’s Housing Development Administrator and oversees the Housing Development Division’s Multifamily financing programs.  In this position, she oversees the agency’s multifamily lending programs including the Housing Development Fund, the Federal HOME program, National Housing Trust Fund, Strong Neighborhood Housing Fund, the Low Income Housing Tax Credit (LIHTC) program and the Neighborhood Assistance Act (NAA).  These responsibilities include LIHTC and funding allocation responsibilities, underwriting applications, development of new multifamily financing products, producing lending policies and procedures for DSHA, and overseeing DSHA’s housing grants program.  She has in-depth knowledge of LIHTC and bond rules and regulations and other lending practices.  Most recently, Cindy also became responsible for overseeing several federal community development programs, including Community Development Block Grant (CDBG), Housing Opportunities for Persons with AIDS (HOPWA), Emergency Solutions Grants (ESG) Program, and Neighborhood Stabilization Programs (NSP).  Cindy has served on numerous non-profit housing boards over the years.  In her 30 years of experience with DSHA, she has been responsible for the contract administration of 30 Section 8 New Construction developments and was the manager and administrator for three elderly Section 8 properties and was also been responsible for compliance monitoring of the LIHTC program in Delaware and had asset management responsibilities for servicing loans for over 7,500 units in Delaware that were been partially or fully financed by DSHA.  Ms. Deakyne holds certifications from the National Center of Housing Management, LISC/Neighborworks Finance and Asset Management CHAM program, and National Homebuilders CCHP.  Cindy majored in Business Administration and is a graduate from Salisbury University and also received an Associate’s degree in Accounting from Delaware Technical and Community College.