Homeowner Rehabilitation Program Funds Available

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.

Eligible organizations will administer the program and provide funds to qualifying homeowners through zero percent (0%) interest, conditionally-forgivable loans for the primary purpose of rehabilitating the homeowner’s residence.

Rehabilitation assistance can be used to make essential improvements, bring houses up to physical codes, as well as improve energy efficiency and handicapped accessibility. Activities of this type serve to improve the living conditions of individual households and help avoid neighborhood blight.

Applications from eligible organizations are due to SDHDA by 5:00 p.m. CT on June 28, 2013. The HOME Homeowner Rehabilitation program policy and procedures manual and application can be found on SDHDA’s website, www.sdhda.org. Applications from individuals will not be accepted.

Those interested in learning more can contact Joanne Heckenlaible, Housing Development Officer or Lorraine Polak, Rental Housing Development Director at 605.773.3181.

South Dakota Housing Development Authority (SDHDA) is an independent, quasi-public agency that finances and develops affordable housing opportunities for low- and moderate-income residents throughout South Dakota. SDHDA is totally self-supporting and receives no tax money, appropriations or other funding from the State. 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.

Contact:
Mark Lauseng, Executive Director, 773-3181

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