Day County Housing Development is a local nonprofit looking to partner with builders and developers to provide quality, affordable housing opportunities for residents in Day County, SD.
Let us know you're interested - check out the sites >.
Housing Needs Study
Community Partners Research conducted a housing needs study for Day County, South Dakota, in 2015 thanks to the support of the county and city governments and local economic development groups.
Funding & Partner Resource Guide
A piece from the Housing Toolkit developed by economic development organizations in partnership with Dakota Resources in 2017-18.
Learn more >
Rural Electric Economic Development (REED)
REED provides financing for multi-family housing projects, housing infrastructure, and developer support (developing, refinancing, or new buyer). Contact Linda Salmonson at 605-480-1128 for more information.
GROW South Dakota
GROW SD provides financing for spec houses developed by non-profit organizations or private developers. Contact Lori Moen for more information at 605-268-5176.
Housing Enhancement Loan Program (HELP)
This program provides an incentive for builder members of the South Dakota Home Builders Association to build speculative homes. The program is a partnership with the South Dakota Home
Builders Association and the South Dakota Housing Development Authority whereby the South Dakota Housing Development Authority makes low-interest construction loans to builder members
of the South Dakota Home Builders Association for speculative homes. Must be a member of a local home builder association in South Dakota.
Learn more, or contact Mike at 605-773-5236.
South Dakota Housing Development Authority (SDHDA) provides funds to developers and/or owners for acquisition, new construction, and rehabilitation of affordable housing. The typical financing package would consist of 10% owner equity, 40% conventional loan and 50% HOME funds. The HOME funds are loaned at a 0% interest rate with variable repayment terms.
Learn more, or contact Chas Olson at (605) 773-4432.
Housing Opportunity Fund
South Dakota Housing Development Authority (SDHDA) administers the Housing Opportunity Fund, which may be used for new construction or the purchase and rehabilitation of rental or homeownership housing, housing preservation, including home repair grants and grants to make homes more accessible to an individual with disabilities, homelessness prevention activities, and community land trusts. Any for-profit entity, nonprofit entity, tribal government, housing authority, political subdivision of this state or agency of such subdivision, or agency of this state is eligible to apply for funding.
Learn more, or contact Chas Olson at (605) 773-4132.
Community Housing Development Program (CHD)
South Dakota Housing Development Authority (SDHDA) may provide financial assistance for development of rental housing opportunities, based on the needs identified by community housing studies. Funds may be used for households at or below 120% of the Area Median Income. Public or private nonprofits or profit-oriented individual(s), corporations, partnerships, limited partnerships or organizations can apply for the CHD funds. Learn more >
Find upcoming training opportunities and review past training videos/handouts for developers. Learn more >
Property Manager Resources & Training
Find upcoming training and resources for rental owners and property managers such as:
- Fair Housing and Legal
- Properties For Sale
- Property Management FAQs
- Forms, Manuals & Resources
- Training Opportunities
- Program Compliance
- Asset Management
- SDHDA Memos
USDA Rural Development Housing Programs
Multiple housing programs are available through US Department of Agriculture - Rural Development:
- Community Facilities Direct Loans & Grants
- Community Facilities Loan Guarantees
- Economic Impact Initiative Grants
- Rural Community Development Initiative Grants
- Tribal College Initiative Grants
- Farm Labor Direct Loans & Grants
- Housing Preservation & Revitalization Demonstration Loans & Grants
- Housing Preservation Grants
- Multi-Family Housing Direct Loans
- Multi-Family Housing Loan Guarantees
- Multi-Family Housing Rental Assistance
- Mutual Self-Help Housing Technical Assistance Grants
- Single Family Housing Direct Home Loans
- Single Family Housing Home Loan Guarantees
- Single Family Housing Repair Loans & Grants