PIERRE, S.D. – May 22, 2015 – (RealEstateRama) — The South Dakota Housing Development Authority (SDHDA) Board of Commissioners recently approved the funding of 15 projects with money from the Housing Opportunity Fund (HOF). 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 affordable housing.
The HOF projects will provide new single family homes, new single family rental units, new and rehabbed multifamily rental units, homelessness prevention and homebuyer assistance for an estimated 321 South Dakotans.
Below is information regarding the HOF recipients:
Development Name: Habitat for Humanity Greater Watertown Region House #27
Development Name: Inter-Lakes Community Action Partnership Emergency Solutions Grant Program
Development Name: Rural Homebuyer Gap Financing Program
Development Name: Title VI Lot Enhancement
Development Name: Down Payment and Closing Cost Assistance/Rehabilitation Program
Development Name: IOOF Main Building
Development Name: Field of Dreams
Development Name: Pettigrew Manor
South Dakota Housing Development Authority is an independent, quasi-public agency that finances and develops affordable housing opportunities for low and moderate-income residents throughout South Dakota. SDHDA is a self-supporting, nonprofit entity that uses no State tax dollars to fund its operating budget. SDHDA utilizes housing bonds, tax credits, and other federal and state resources to fund housing programs, which provide mortgage and downpayment assistance, housing construction and rehabilitation, homelessness prevention, and rental assistance. 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.
The South Dakota Housing Development Authority…Building a Better Quality of Life.
Mark Lauseng, Executive Director, 605-773-3181