PIERRE, S.D. – February 8, 2011 – (RealEstateRama) — Citizens across South Dakota are invited to review and provide comments on South Dakota Housing Development Authority’s (SDHDA) Neighborhood Stabilization Program Plan (NSP) and its appropriation of funds for the redevelopment of abandoned and foreclosed homes.
Eligible activities under NSP include funding for acquisition and rehabilitation, for resale or rental, of single family homes or residential properties that have been abandoned or foreclosed, funding to demolish blighted structures, and funding to redevelop demolished or vacant properties.
The funding known as Neighborhood Stabilization Program is administered by South Dakota Housing Development Authority. South Dakota received $19.6 million in funding under the Neighborhood Stabilization Program and is expected to receive an additional $5 million for NSP3 activities.
Persons who are interested in presenting comments on the NSP3 Plan may do so by sending the comments to SDHDA or emailing them to peggy (at) sdhda (dot) org. All comments must be received in SDHDA’s office by 5 p.m. CT on February 18, 2011.
Copies of the NSP3 Plan may be obtained without charge from SDHDA at PO Box 1237, Pierre, South Dakota 57501-1237, by calling (605)773-3181 or (TTY) (605) 773-6107 or by visiting our homepage at www.sdhda.org
Reminder: This plan is a draft and is subject to change. Once approved by the U.S Department of Housing and Urban Development, the final NSP3 Plan will be available on SDHDA’s website.
Lorraine Polak, 773.3181