Homeowner Rehabilitation Program Funds Available
Pierre, S.D. – South Dakota Housing Development Authority has $1,000,000 available in HOME Homeowner Rehabilitation program funds for eligible organizations to assist low income homeowners rehabilitate their homes. Eligible organizations that can apply for the HOME Homeowner Rehabilitation program include Community Action Program (CAP) agencies and qualified non-profit organizations. The HOME Program is funded by the U.S. Department of Housing and Urban Development and administered by South Dakota Housing Development Authority.
Eligible organizations will administer the program and provide funds to qualifying homeowners at or below 80 percent Area Median Income through zero percent interest, conditionally-forgivable loans for the primary purpose of rehabilitating the homeowner’s residence.
Rehabilitation assistance can be used to make essential improvements, bring houses up to physical codes, as well as improve energy efficiency and handicapped accessibility. Rehabilitation activities of this type serve to improve the living conditions of individual households and help avoid neighborhood blight.
Each applicant is limited to $200,000 and funding is awarded on a first-come, first-serve basis. The HOME Homeowner Rehabilitation program policy and procedures manual and application can be found on SDHDA’s website, www.sdhda.org. Applications from individuals will not be accepted.
Those interested in learning more can contact Chas Olson, housing development officer, at 605.773.3181.
About South Dakota Housing Development Authority: South Dakota Housing Development Authority (SDHDA) was created by the South Dakota legislature in 1973 with a stated mission to provide decent, safe and affordable housing to low- and moderate-income South Dakotans. SDHDA is a self-supporting, nonprofit entity. SDHDA utilizes housing bonds, tax credits and other federal and state resources to fund housing programs that 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