Notice of Public Hearing on Bond Issue


WASHINGTON, D.C. – March 13, 2013 – (RealEstateRama) — The South Dakota Housing Development Authority (SDHDA) will hold a public hearing pursuant to Section 147(f) of the Internal Revenue Code of 1986 on Thursday, March 21, 2013 at 9:00 a.m., at the Authority Conference Room, 3060 East Elizabeth Street, Pierre, South Dakota, on a plan of finance for a proposed issue of one or more series of refunding multifamily housing bonds in an aggregate principal amount not to exceed $22,000,000 for the purpose of refunding bonds issued in 2002 to finance or refinance loans for some or all of the following affordable housing rental apartments in South Dakota:

Development/Number of Units, Address, Owner or Manager, Approximate Loan Amount

Huey Apartments/46, 112 North Phillips, Sioux Falls, 112 Inc., $475,000; Homestead Heights/16, 5th Street & 5th Avenue, Bison, Bison HRC, $102,000; Bi-Centennial Apartments/48, 1212 South Lawson, Aberdeen, Bicentennial Apts Ltd, $303,000; JARD Apartments/16, 300 West Oak Street, Sisseton, Sisseton HRC, $95,000; Grandview Apartments/34, 1000 West 7th Avenue, Mitchell, Grandview Ltd Partnership, $199,000; Heritage Estates II/44, 519-603 Heritage Drive, Brookings, Heritage Estates, LDP, $265,000; Prairie View/25, 219 SW 8th Street, Madison, Prairie View Apartments, Ltd, $178,000; Canterbury House/50, 3501 South Terry, Sioux Falls, Thies & Talle Enterprises, Inc., $392,000; Towne Square/20, 605 Dobson Street, Armour, SDHDA, $191,000; The Lidi/24, Corner of Walnut & State, Tyndall, Tyndall HRC, $136,000; Canyon Ridge/60, 1700 Locust, Yankton, Skope Investments II, Ltd, $590,000; Lombardi Courts/30, 1700 N. Kimball, Mitchell, Lombardi Courts, Ltd, $380,000; Fifth Avenue South/49, 506 S 1st Street, Aberdeen, Jopy, Inc., $585,000; Maplewood Twnhses/100, 5‑217 E Knollwood Dr, Rapid City, Maplewood Family, $1,080,000; Woodland Hills/32, 800 North Cleveland, Sioux Falls, Woodland Hills LTD, $430,000; The Evans/86, 545 North Street, Hot Springs, Hot Springs HRC, $1,331,000; Presho Courts/16, Sorenson Road, Presho, Presho Courts, Ltd, $205,000; Dakota Square/55, 1902 N Dakota Ave, Aberdeen, Dakota Square Ltd Partnership, $782,000; Majestic View Twnhses/20, 1601 Evanston, Hot Springs, DBH Company Ltd, $288,000; Senechal Apts/16, 125 West Pine Street, Philip, DBH Company, $260,000; Parkview Apts/28, 1000 Block 7th St NW, Madison, Parkview Apartments, $430,000; River Ridge Apts/60, 210 3rd Street W, 1215 2nd Avenue E, 318 12th St W, 1116 2nd Ave W, Mobridge, River Ridge Apartments, Ltd, $985,000; Riverview Twnhses/10, 200 East Pine, Philip, DBH Company Ltd, $156,000; Oakwood Apts/28, 1100 East Clark, Vermillion, Oakwood Apartments, $420,000; Arthur Courts/16, 816 A Street SE, Redfield, Arthur Courts, Ltd, $250,000; Gateway Apts/16, 301 First Ave SW, Kadoka, Gateway Partnership, $235,000; The Sherman/51, 223 S. Main, Aberdeen, Aberdeen HRC, $1,016,000; Collins Apts/23, 520 N Spring, Sioux Falls, Collins Apartments, $365,000; Gold Mountain Apts/20, 611 West Main, Lead, Bear Enterprises, $257,000; Calypso Court/16, 621 SW 4th St, Chamberlain, Calypso Court Townhomes, Ltd, $313,000; Riverview Park/50, 3131 W 12th, Sioux Falls, Riverview Park, Ltd, $1,070,000; Baha/21, 4600-4700 South Baha Ave, Sioux Falls, Baha Townhouses, $430,000; Olive Grove Apts/19, 4904 Kirkwood Circle, Sioux Falls, Olive Grove Apts, $350,000; Hospitality Apts/12, 3510 S Terry, Sioux Falls, South Dakota Achieve, $270,000; Evergreen Lodge/17, 1006 Whiting Drive, Yankton, Partners Ltd, $352,000; Prairie West/18, 701 8th St, Lemmon, Prairie West Ltd, $363,000; Sun Rise Apts/14, 827 Aldrich, Aberdeen, Aspire, Inc., $284,000; Cedar Apts/32, 711 8th St, Brookings, Cedar Apts, $625,000; The Lidi II/10, Corner of Walnut & State, Tyndall, Tyndall HRC, $144,000; Pheasant Valley Courtyard/60, 204 South 4th, Milbank, Pheasant Valley Courtyard LLC, $1,460,000; Beadle Plaza/44, 1000 E 14th, Sioux Falls, RJ Lloyd Sioux Falls Partnership, $30,000; St. Cloud Apts/16, 1212 E St Cloud St, Rapid City, St. Cloud Apartments, $6,200; Grand Valley Apts/12, 505 Girard, Newell, Grand Valley Apartments, $159,000; Gateway II Apts/14, 705 Hickory St, Kadoka, Gateway Partnership, $81,000; Sir Charles/34, 118 East 3rd, Yankton, Sir Charles, LLC, $65,000; South Sycamore Estates/16, 2016 & 2020 South Sycamore, Sioux Falls, Sioux Falls HRC, $480,000; Logan Hill/16, 628 East Sixth Street, Gregory, SDHDA, $452,000.

The State of South Dakota will not be liable on the bonds and the bonds will not be a debt of the State.

All persons interested will be given an opportunity to express their views at the hearing, or may present their views in writing addressed to the undersigned prior to the hearing, which written comments will be considered at the hearing.

Notice is further given to individuals with disabilities that this hearing is being held in a physically accessible place. Please notify SDHDA 48 hours before the public hearing if you have special needs for which this agenda will need to make arrangements.

SDHDA does not discriminate against any person because of race, color, religion, sex, handicap, familial status or national origin.


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