South Dakota to receive $19.6 million to Stabilize Neighborhoods
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South Dakota to receive $19.6 million to Stabilize Neighborhoods

Pierre, SD – January 14, 2009 – (RealEstateRama) — Governor Mike Rounds recently announced that Housing and Urban Development (HUD) has approved South Dakota’s action plan to implement the Neighborhood Stabilization Program (NSP) for South Dakota.

The $19.6 million NSP funding that South Dakota will receive is part of the Housing and Economic Recovery Act of 2008 (HERA) which included $3.92 billion to provide emergency assistance to eligible entities to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities. South Dakota Housing Development Authority (SDHDA) will administer these funds for South Dakota.

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The 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. SDHDA is a proud partner of the State’s 2010 Initiative to “Brand and Develop South Dakota’s Quality of Life as the Best in America.”

Contact:

South Dakota Housing Development Authority
PO Box 1237
221 S. Central Ave.
Pierre, SD 57501

Toll Free: 800-540-4241
Local: 605-773-3181
Fax: 605-773-5154

Mark Lauseng
Executive Director
Phone: 605-773-3181

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