WASHINGTON, D.C. – January 3, 2013 – (RealEstateRama) — Recently South Dakota Housing Development Authority’s (SDHDA) Board of Commissioners approved $1.8 million in Housing Opportunity Funds (HOF) for various housing projects and programs across the state.
The $1.8 million awarded will fund 21 projects resulting in the new construction of 20 single family homes, 50 multifamily housing units and the rehabilitation of 70 single family homes. Assistance will also provide for 83 individuals to receive homebuyer education and for 29 individuals to receive homelessness prevention activities.
Housing Opportunity Funds in
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“Our legislators worked hard to craft the Building South Dakota Fund which created the Housing Opportunity Fund and their vision and these projects will help address the unique housing needs of South Dakota communities,” said Mark Lauseng, SDHDA Executive Director.
The HOF program was created via the “Building South Dakota Fund” during the 2013 legislative session and was designed to promote economic development in South Dakota by expanding the supply of decent, safe, sanitary and affordable housing targeted to low and moderate income families and individuals in South Dakota.
The Housing Opportunity Fund may be used for new construction, the purchase and rehabilitation of rental or homeownership housing, housing preservation, homelessness prevention activities and community land trusts. SDHDA is the administering agency of the Housing Opportunity Fund.
Below is information regarding the applications that were awarded funds:
Project Name: Beadle County 2013 Construction Project
Project Location: 1581 Center St. W., Huron
Developer: Habitat for Humanity of Beadle County, Inc.
Housing Opportunity Funds Reserved: $40,000
Project Summary: The new construction of one single family ranch style home.
Project Name: Brookings Area Habitat 2014 Build Program
Project Location: 1416, 1420, 1426 Pactola Cove, Brookings
Developer: Brookings Area Habitat for Humanity
Housing Opportunity Funds Reserved: $30,000
Project Summary: The new construction of three single family ranch style homes.
Project Name: Creating Assets through Affordable Housing for the Lakota
Project Location: Scattered Sites within a 50 mile radius of the Pine Ridge Reservation
Developer: Mazaska Owecaso Otipi Financial, Inc.
Housing Opportunity Funds Reserved: $55,000
Project Summary: To provide financial literacy and homebuyer assistance for families living on or within a 50-mile radius of the Pine Ridge Reservation.
Project Name: Dakota Dream Savings Fund
Project Location: Statewide
Developer: Grow South Dakota
Housing Opportunity Funds Reserved: $125,000
Project Summary: To provide funds for a statewide Individual Development Account to be used for down payment and closing costs for the purchase of a home.
Project Name: Habitat for Humanity Building Houses, Building Neighborhoods
Project Location: 6532, 6533, 6536, 6537 W. Amber St., Sioux Falls
Developer: Habitat for Humanity of Greater Sioux Falls, Inc.
Housing Opportunity Funds Reserved: $198,080
Project Summary: The new construction of four, two bedroom, one bath, single family ranch style homes.
Project Name: Habitat for Humanity House Watertown
Project Location: 1110 West Kemp Avenue. Watertown
Developer: Habitat for Humanity Greater Watertown Region
Housing Opportunity Funds Reserved: $50,000
Project Summary: The new construction of a three bedroom, two bath, single family ranch style home.
Project Name: Habitat for Humanity South Dakota
Project Location: Rapid City
Developer: Habitat for Humanity-South Dakota
Housing Opportunity Funds Reserved: $55,000
Project Summary: To provide a down payment assistance program for up to 10 habitat homeowners.
Project Name: Habitat for Humanity South Dakota
Project Location: Huron, Brookings, Aberdeen, Watertown, Yankton
Developer: Habitat for Humanity-South Dakota
Housing Opportunity Funds Reserved: $66,000
Project Summary: To provide a down payment assistance program for up to 12 habitat homeowners.
Project Name: HUB Area Habitat for Humanity House #13
Project Location: 1717 Ward Dr., Aberdeen
Developer: Hub Area Habitat for Humanity
Housing Opportunity Funds Reserved: $65,000
Project Summary: The new construction of a three bedroom, one bath, single family ranch style home.
Project Name: Inter-lakes Community Action Partnership (ICAP) ESG Program
Project Location: Brookings, Clark Codington, Deuel, Grant, Hamlin, Kingsbury, Lake, Lincoln, McCook, Moody,
Miner, and rural Minnehaha and Turner counties
Developer: Inter-lakes Community Action Partnership
Housing Opportunity Funds Reserved: $72,500
Project Summary: To provide rental deposits, rental assistance, case management and other services to prevent homelessness for 21 families.
Project Name: Inter-lakes Community Action Partnership (ICAP) ESG Program
Project Location: 505 North Western Ave., Sioux Falls
Developer: Inter-lakes Community Action Partnership
Housing Opportunity Funds Reserved: $37,500
Project Summary: To provide rental deposits, rental assistance, case management and other services to prevent homelessness for 8 families.
Project Name: Milbank Rural Acquisition Rehab/Resale
Project Location: 48120 152 St., Milbank
Developer: NESDCAP dba Grow South Dakota
Housing Opportunity Funds Reserved: $49,000
Project Summary: The rehabilitation of a four bedroom, one bath, single family two-story home.
Project Name: Neighborworks Dakota Home Resources – HO Rehab Program
Project Location: Rapid City
Developer: Neighborworks Dakota Home Resources
Housing Opportunity Funds Reserved: $50,000
Project Summary: The rehabilitation of 13 single family homes in Rapid City.
Project Name: Neighborworks Dakota Home Resources – HO Rehab Program
Project Location: Belle Fourche, Box Elder, Central City, Custer, Deadwood, Edgemont, Lead, Rapid City, Spearfish, Sturgis and Wall
Developer: Neighborworks Dakota Home Resources
Housing Opportunity Funds Reserved: $50,000
Project Summary: The rehabilitation of 13 single family homes.
Project Name: NESDCAP Home Improvement Program
Project Location: Scattered Sites
Developer: NESDCAP
Housing Opportunity Funds Reserved: $125,000
Project Summary: The rehabilitation of 40 single family homes.
Project Name: Rapid City Good Samaritan Housing
Project Location: 4243 Wisconsin Ave., Rapid City
Developer: The Evangelical Good Samaritan Society
Housing Opportunity Funds Reserved: $226,800
Project Summary: The new construction of a three story, 50 unit, senior (62+), congregate care apartment complex.
Project Name: Thunder Valley Regenerative Project
Project Location: 12 miles north of Porcupine
Developer: Thunder Valley Community Development Corporation
Housing Opportunity Funds Reserved: $387,941
Project Summary: The development of 15 lots and the new construction of six, three bedroom, one and one-half bath, single family homes.
Project Name: Wagner Home Ownership Opportunity
Project Location: 122 North St., NE; 504 2nd St., SE, Wagner
Developer: Wagner Development Partners, LLC
Housing Opportunity Funds Reserved: $196,321
Project Summary: The new construction of four, two bedroom, one bath ranch style single family homes for lease purchase.
Project Name: 1st Avenue West Project
Project Location: 802 1st Ave. W., Lemmon
Developer: Lemmon Housing and Redevelopment Commission
Housing Opportunity Funds Reserved: $45,600
Project Summary: The acquisition/rehab of a two bedroom single family home.
Project Name: 3rd Avenue East Project
Project Location: 704 3rd Ave. E., Lemmon
Developer: Lemmon Housing and Redevelopment Commission
Housing Opportunity Funds Reserved: $19,400
Project Summary: The acquisition/rehab of a two bedroom, two and one-half bath single family home.
Project Name: 7th Avenue West Project
Project Location: 204 7th Ave. W., Lemmon
Developer: Lemmon Housing and Redevelopment Commission
Housing Opportunity Funds Reserved: $13,980
Project Summary: The acquisition/rehab of a four bedroom one and one-half bath single family home.
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. For more information, visit www.sdhda.org.
Contact:
Mark Lauseng, Executive Director, 773-3181
