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Housing Needs Study
Community Partners Research conducted a housing needs study in the fall of 2014 for Day County, South Dakota.
Housing Enhancement Loan Program (HELP)
South Dakota Home Builder's Association (SDHBA) offers an incentive for its members to build speculative homes. Through South Dakota Housing Development Authority (SDHDA), members are eligible for low interest loans for up to 80% of the home value for 12 months. The sale price must be $250,000 or lower. Must be a member of a local home builder association in South Dakota.
Learn more, or contact Jeff Lagge at (605) 224-2761.
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 Stephanie Pierson at (605) 773-4582.
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 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 trainings and review past training videos/handouts for developers. Learn more >
Property Manager Resources & Training
Find upcoming trainings and resources for rental owners and property managers. Learn more >
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