Archives
Amendment to the Neighborhood Stabilization Program Plan
Pierre, SD - August 18, 2009 - (RealEstateRama) -- The Housing and Economic Recovery Act of 2008 provided an appropriation of funds for emergency assistance for redevelopment of abandoned and foreclosed homes and residential properties.
New Downpayment Assistance Program
Pierre, SD - June 5, 2009 - (RealEstateRama) — South Dakota Housing Development Authority (SDHDA) is pleased to announce a new program to assist with downpayment and closing costs. The Advance Tax Credit (ATC) Loan Program allows the borrower(s) to utilize a portion of their First-time Homebuyer Tax Credit for these costs in conjunction with an SDHDA First-time Homebuyer loan.
SDHDA Awards $8.5 Million in Housing Development and Rehabilitation Funding
PIERRE, SD - May 29, 2009 - (RealEstateRama) — The South Dakota Housing Development Authority’s (SDHDA) Board of Commissioners recently approved more than $2.5 million in Housing Tax Credits, $4.9 million in HOME Investment Partnerships Program, and $1.1 million in Neighborhood Stabilization Program funding that will help finance eleven developments across South Dakota.
State Housing Agency Lowers First-time Homebuyer Program Mortgage Rate to Make Homeownership More Affordable
PIERRE, SD - May 13, 2009 - (RealEstateRama) — To continue making homeownership more affordable, the South Dakota Housing Development Authority (SDHDA) announced today that their 30-year mortgage interest rates have been lowered. The interest rate for starting Step Rate loans is now 3.50%. The 30-year Fixed Rate option was reduced to 4.50% and the Fixed Rate Plus Option, which includes 3% cash assistance, was lowered to 5.00%.
