RealEstateRama Authors Posts by South Dakota RealEstateRama
South Dakota Housing Development Authority (SDHDA) is now accepting applications for funding under the Housing Opportunity Fund (HOF). The HOF program was created via the “Building South Dakota Fund” during the 2013 legislative session and is designed to promote economic development in South Dakota by expanding the supply of decent, safe, sanitary and affordable housing targeted to low and moderate income families and individuals in South Dakota.
Johnson Statement on Obstruction of Important Funding Bill for Transportation and Housing Initiatives
U.S. Senator Tim Johnson (D-SD), Chairman of the Senate, Banking Housing and Urban Affairs Committee and a senior member of the Appropriations Committee, released the following statement in reaction to Senate Republicans’ filibuster of an important funding bill that would create jobs, improve transportation infrastructure, provide critical housing assistance to those in need, and invest in community development in South Dakota
South Dakota Housing Development Authority (SDHDA) and the SDHDA Board of Commissioners are responsible for the administration of the Housing Opportunity Fund in accordance with Senate Bill 235 of the 2013 South Dakota State Legislature. The Plan outlines what are eligible projects, who are eligible applicants and how SDHDA will allocate available funding. Housing opportunities financed by the HOF will serve individuals and families at or below 115 percent of the Area Median Income (AMI) for the corresponding county.
Across the country, events and celebrations are underway to recognize the American Dream of Homeownership. In Mobridge, SD the Kelly Martin family is being highlighted for receiving a Rural Development Section 502 Direct Single Family Housing Loan to purchase their home. The family previously was living in a small basement apartment in Kelly’s parent’s home.
USDA Housing and Community Facilities Administrator Tammye Treviño will officially kick off homeownership month in South Dakota on Monday, June 3, 2013 with a series of events and activities starting in Sisseton
WASHINGTON, D.C. - May 13, 2013 - (RealEstateRama) -- South Dakota Housing Development Authority has $500,000 available in HOME Homeowner Rehabilitation program funds for eligible organizations to assist low income homeowners rehabilitate their homes. Eligible organizations that can apply for the HOME Homeowner Rehabilitation program include Community Action Program (CAP) agencies, public agencies and non-profit organizations
PIERRE, S.D. - May 8, 2013 - (RealEstateRama) -- Across South Dakota, volunteers are picking up paint brushes and setting aside free time to help residents in their communities to maintain the value and livability of their homes. The groups, using primer and paint donated by South Dakota Housing Development Authority, are repainting homes whose owners are physically or financially unable to handle the project themselves.
WASHINGTON, D.C. - April 29, 2013 - (RealEstateRama) -- Yesterday South Dakota Housing Development Authority’s (SDHDA) Board of Commissioners approved $2.78 million in Housing Tax Credits, $5.64 million in HOME Investment Partnerships Program funding and $1.09 million in Neighborhood Stabilization Program 3 (NSP3) funding for housing development and rehabilitation across the state.
WASHINGTON, D.C. - April 4, 2013 - (RealEstateRama) -- U.S. Senator Tim Johnson (D-SD), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, announced $1.9 million in grants for South Dakota organizations from the Federal Home Loan Bank (FHLB) of Des Moines. In an event at Carnegie Town Hall in Sioux Falls, Senator Johnson congratulated the recipients and highlighted the economic and humanitarian impact the funds will have. The grants will be used to rehabilitate and repair hundreds of properties across the state, helping South Dakota families raise their children in safe and healthy environments.
WASHINGTON, D.C. - March 13, 2013 - (RealEstateRama) -- The South Dakota Housing Development Authority (SDHDA) will hold a public hearing pursuant to Section 147(f) of the Internal Revenue Code of 1986 on Thursday, March 21, 2013 at 9:00 a.m., at the Authority Conference Room, 3060 East Elizabeth Street, Pierre, South Dakota, on a plan of finance for a proposed issue of one or more series of refunding multifamily housing bonds in an aggregate principal amount not to exceed $22,000,000 for the purpose of refunding bonds issued in 2002 to finance or refinance loans for some or all of the following affordable housing rental apartments in South Dakota