Your Input Wanted on the Appropriation of Funds for Neighborhood Stabilization

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.

Contact:
Lorraine Polak, 773.3181

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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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