Funding Available for Housing Development

Funding Available for Housing Development

PIERRE, S.D. – January 11, 2015 – (RealEstateRama) —South Dakota Housing Development Authority (SDHDA) is inviting developers to submit applications for funding from the HOME Investments Partnership program.

The HOME program, funded by the U.S. Department of Housing and Urban Development, provides financing to developers and/or owners for acquisition, new construction and rehabilitation of affordable housing. SDHDA has $2 million available for affordable single and multifamily housing opportunities statewide.

The HOME program allocation plan and application form can be found on SDHDA’s website at www.sdhda.org. Complete applications must be received at SDHDA on Friday, Mar. 4, by 5 p.m. Central Time.

For more information contact Stephanie Pierson at 605.773.3181 or stephanie (at) sdhda (dot) org.

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South Dakota Housing Development Authority (SDHDA) was created by the South Dakota legislature in 1973 with a stated mission to provide decent, safe and affordable housing to low- and moderate-income South Dakotans. SDHDA is a self-supporting, nonprofit entity that uses no state tax dollars to fund its operating budget. SDHDA utilizes housing bonds, tax credits and other federal and state resources to fund housing programs that provide mortgage and downpayment assistance, housing construction and rehabilitation, homelessness prevention and rental assistance. SDHDA does not discriminate against any person because of race, color, creed, religion, sex, disability, familial status or national origin. For more information, visit www.sdhda.org.

The South Dakota Housing Development Authority…Building a Better Quality of Life.

Mark Lauseng, Executive Director, 605-773-3181

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