NSP Funding Available for Housing Development

PIERRE, S.D. – September 16, 2015 – (RealEstateRama) — South Dakota Housing Development Authority (SDHDA) is inviting interested parties to submit applications for funding from the Neighborhood Stabilization Program.

The Neighborhood Stabilization Program, authorized under Title III of the Housing and Economic Recovery Act of 2008, provides financing to acquire and redevelop foreclosed, abandoned, blighted or vacant properties. SDHDA has $500,000 available for allocation.

The Neighborhood Stabilization 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, Oct. 16, by 5 p.m. Central Time.

For more information contact Lorraine Polak at 605.773.3181 or Lorraine (at) sdhda (dot) org.

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.

Contact
Mark Lauseng, Executive Director, 605-773-3181

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