$500,000 Available to Help Homeowners Rehabilitate their Homes

WASHINGTON, D.C. – July 10, 2015 – (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 interest, conditionally-forgivable loans for the primary purpose of rehabilitating the homeowner’s residence.

Applications from eligible organizations are due to SDHDA by 5 p.m CDT on August 14, 2015. The HOME Homeowner Rehabilitation program policy and procedures manual and application can be found in the Housing Development section on SDHDA’s website, http://www.sdhda.org/housing-development/set-asides.html.