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SDHDA Awards $13.2 Million for Affordable Housing in South Dakota

Published on November 27, 2018 by South Dakota Housing Development Authority
SDHDA Awards $13.2 Million for Affordable Housing in South Dakota

PIERRE, SD — South Dakotans’ will be seeing additional housing development and preservation across the state. South Dakota Housing Development Authority’s (SDHDA) Board of Commissioners approved the award of more than $13.2 million in funding for housing activities.

The developments will receive $4.2 million in Housing Tax Credits, $4.4 million in HOME Investment Partnership Program funds, $2.0 million in Housing Opportunity Funds and $2.6 million in Housing Trust Funds.

The 25 projects funded will provide South Dakotans with 243 newly constructed multifamily housing units, 40 single-family housing units and 80 rehabilitated multifamily housing units. In addition, 59 individuals and families will be provided with down payment assistance, 40 individuals and families will be provided with home improvement assistance and 46 individuals and families will be provided with homelessness prevention assistance.

“Each year we have a high level of competition for our housing development funds,” said Executive Director Mark Lauseng, “and this year was no exception with SDHDA receiving 41 applications requesting more than $22 million.”

Funded recipients will include multifamily developments in Eagle Butte, Lead, Lemmon, Mitchell, Pierre, Rapid City, Sioux Falls and Vermillion. Funded single-family developments will be located in Harrisburg, Marty, Mission, Lake Andes, Sioux Falls and Wagner.

“The projects funded will result in over $60 million in total development costs, preserving and strengthening South Dakota’s housing stock,” said David Pummel, SDHDA board chairman. “They will help low-income families, elderly residents, individuals with disabilities and homeless veterans with a place to call home.”

Below is information regarding funded recipients:

Development name: 2019 Neighborhood Revitalization

Development location:  915 & 923 N. Blauvelt Ave., 515 S. Duluth Ave., 517 N. Sherman Ave., 231 S. Grange Ave., 720 W. 15th St., 716, 718, & 720 N. Harrington Ave., Sioux Falls

Developer: Affordable Housing Solutions

HOME Funds reserved: $225,000

Development summary: Funding to provide gap financing to assist the purchases of six single family homes and three units in a triplex. Homeowners will income qualify at or below 80 percent of the area median income.

 

Development name: 600 First Ave. West

Development location: 600 First Ave. West, Lemmon

Developer: Lemmon Housing and Redevelopment Commission

Housing Opportunity Funds reserved: $303,226

Development summary: The new construction of a four-plex apartment building containing four housing units for persons at or below 115 percent of the area median income. There will be four two-bedroom units.

 

Development name: Black Hills Works – 6-Plex Apartments

Development location: 314 Wright St., Rapid City

Developer: Black Hills Works

Housing Trust Funds reserved: $775,000

Development summary: The new construction of a six-plex apartment building consisting of six housing units for persons with a disability at or below 30 percent of the area median income for Pennington County. There will be six one-bedroom units.

 

Development name: Davison Court Townhomes

Development location: 1700 N. Wisconsin, Mitchell

Developer: Grandview LLC

Housing Tax Credits reserved: $276,557 ($2,406,046 in HTC equity)

HOME Funds reserved: $544,312

Housing Trust Funds reserved: $350,000

Development summary: The acquisition and rehabilitation of four apartment buildings, previously known as Winter Park Townhomes, containing 24 townhome housing units for persons at or below 60 percent of the area median income. There are 24 three-bedroom units.

 

Development name: Denali Ridge Apartments

Development location: 208 E. Seventh St., 1210 N. Euclid, 209 E. Eighth St., 215 E. Eighth St., 1207 HWY 14, Pierre

Developer: Grandview, LLC

Housing Tax Credits reserved: $386,962 ($3,366,569 in HTC equity)

HOME funds reserved: $759,653

Housing Trust Funds reserved: $530,000

Development summary: The acquisition and rehabilitation of five apartment buildings, previously known as R.C. Pierre Apartments, containing 40 housing units for persons at or below 60 percent of the area median income. There are seven one-bedroom units and 33 two-bedroom units.

 

Development name: Habitat for Humanity, Building Houses, Building Neighborhoods

Development location: 2905 & 2907 E. Pearl St., Sioux Falls

Developer: Habitat for Humanity of Greater Sioux Falls, Inc.

Housing Opportunity Funds reserved: $140,000

Development summary: The new construction of two single family homes for persons at or below 50 percent of the area median income for Minnehaha county.

 

Development name: Habitat for Humanity, Building Houses, Building Neighborhoods – Lincoln County

Development location: 409 & 411 N. Cypress Circle, Harrisburg

Developer: Habitat for Humanity of Greater Sioux Falls, Inc.

Housing Opportunity Funds reserved: $131,000

Development summary: The new construction of a twin-home for persons at or below 50 percent of the area median income for Lincoln county.

 

Development name: Lead Schoolhouse Apartments

Development location: 121 Wall St., Lead

Developer: CREMS Development, LLC

Housing Opportunity Funds reserved: $342,500

Development summary: The reconstruction and rehabilitation of the Lead schoolhouse building containing 16 housing units. Eight units will be market rate, four units will be for persons at or below 120 percent of the area median income and four units will be for persons at or below 115 percent of the area median income. There will be seven one-bedroom units and nine two-bedroom units.

 

Development name: Madison Park Townhomes

Development location: TBD N. Norbeck St., Vermillion

Developer: G.A. Haan Development, L.L.C.

Housing Tax Credits reserved: $618,750 ($5,754,375 in HTC equity)

HOME Funds reserved: $500,000

Development summary: The new construction of four apartment buildings containing a total of 40 townhome housing units. Five units will be market rate and 35 units will be for persons at an average of 60 percent of the area median income. There will be 20 two-bedroom units and 20 three-bedroom units.

 

Development name: Roseland Heights Apartments

Development location: TBD E. Third St., Sioux Falls

Developer: St. Joseph Catholic Housing, Inc.

Housing Tax Credits reserved: $449,772 ($4,047,944 in HTC equity)

HOME Funds reserved: $850,000

Housing Trust Funds reserved: $287,700

Development summary: The new construction of six apartment buildings containing a total of 36 townhome housing units for persons at an average of 60 percent of the area median income. There will be 12 one-bedroom units, 12 two-bedroom units and 12 three-bedroom units.

 

Development name: Sicangu Village Estates IV

Development location: Sicangu Village south of Mission

Developer: SWA Corporation

Housing Tax Credits reserved: $293,178 ($2,345,420 in HTC equity)

Development summary: The new construction of 15 single family homes located on the Rosebud Reservation.The homes will be targeted to homeless veterans. All homes will have a HUD-VASH rental subsidy voucher. There will be seven two-bedroom units and eight three-bedroom units.

 

Development name: Technology Heights II Apartments

Development location: 3810 N. Career Ave., Sioux Falls

Developer: Y Housing III, LLC

Housing Tax Credits reserved: $512,193 ($4,404,862 in HTC equity)

HOME Funds reserved: $549,989

Housing Trust Funds reserved: $239,996

Development summary: The new construction of an apartment building containing 39 housing units for persons at or below 50 percent of the area median income. There will be 17 one-bedroom units, 13 two-bedroom units and nine three-bedroom units.

 

Development name: The Residences at Greenway

Development location: 3008 E. 26th St., Sioux Falls

Developer: Affordable Housing Solutions & C.R. Lloyd Associates, Inc.

Housing Tax Credits reserved: $609,921 ($5,184,325 in HTC equity)

Housing Trust Funds reserved: $79,998

Development summary: The demolition of the existing Greenway Apartments (built in 1979) and new construction of a three-story apartment building containing 42 housing units for older persons (62 and over) at or below 60 percent of the area median income. There will be 35 one-bedroom units and seven two-bedroom units.

 

Development name: Whisper Rock II Apartments

Development location: TBD Neel St., Rapid City

Developer: Costello Investments, LLC

Housing Tax Credits reserved: $491,261 ($4,421,349 in HTC equity)

HOME Funds reserved: $950,000

Housing Trust Funds reserved: $287,700

Development summary: The new construction of a three-story apartment building containing 40 housing units for persons at an average of 60 percent of the area median income. There will be 20 one-bedroom units, 12 two-bedroom units and eight three-bedroom units.

 

Development name: Wiyaka Sakpe (Six Feathers)

Development location: 401 Owohe Nupa Dr., Eagle Butte

Developer: Cheyenne River Housing Authority (CRHA)

Housing Tax Credits reserved: $612,624 ($5,084,778 in HTC equity)

Development summary: The new construction of six apartment buildings containing a total of 36 townhome housing units for persons at or below 60 percent of the area median income. There will be six one-bedroom units, 18 two-bedroom units and 12 three-bedroom units.

 

Development name: Yankton Sioux Tribe School Employee Housing

Development location: Scattered sites in Marty, Wagner and Lake Andes

Developer: Yankton Sioux Tribe

Housing Opportunity Funds reserved: $340,000

Development summary: Funding for the placement of 12 Governor’s Houses for rent to Marty Indian School employees at or below 80 percent of the area median income. Seven of the homes will be placed in Marty on Yankton Sioux Tribe trust land and the other five homes will be placed on fee simple in-fill lots in Lake Andes and Wagner. There will be five two-bedroom houses and seven three-bedroom houses.

 

Development name: 2018-2019 HAPI Minor Home Rehab Program

Development location: Scattered sites in eastern South Dakota

Developer: Homes Are Possible, Inc. (HAPI)

Housing Opportunity Funds reserved: $67,524

Development summary: Funding for a homeowner rehabilitation program that will assist an estimated 10 persons at or below 80 percent of the area median income for the respective county.

 

Development name: Cornerstone Rescue Mission

Development location: 30 Main St., Rapid City

Developer: Cornerstone Rescue Mission

Housing Opportunity Funds reserved: $110,000

Development summary: Funding for homelessness prevention activities for an estimated 30 persons at or below 50 percent of the area median income.

 

Development name: Cottage Villa Relocation Project

Development location: 807 Cottage Ave. & 23 E. Duke St., Vermillion

Developer: City of Vermillion

Housing Opportunity Funds reserved: $66,000

Development summary: Funding for a homeowner rehabilitation and relocation program that will assist an estimated 12 homeowners at or below 115 percent of the area median income for Clay county.

 

Development name: GROW South Dakota Down Payment Assistance/Closing Cost Assistance – Rural

Development location: Scattered sites in rural South Dakota

Developer: GROW South Dakota

Housing Opportunity Funds reserved: $165,000

Development summary: Funding for homebuyer assistance that will assist an estimated 30 persons at or below 115 percent of the area median income for the respective county.

 

Development name: GROW South Dakota Down Payment Assistance/Closing Cost Assistance – Urban

Development location: Sioux Falls and Rapid City

Developer: GROW South Dakota

Housing Opportunity Funds reserved: $98,553

Development summary: Funding for homebuyer assistance that will assist an estimated 17 persons at or below 115 percent of the area median income for the respective county.

 

Development name: HAPI 2018-2019 Homebuyer Assistance

Development location: Scattered sites in eastern South Dakota

Developer: Homes Are Possible, Inc. (HAPI)

Housing Opportunity Funds reserved: $55,000

Development summary: Funding for homebuyer assistance that will assist an estimated 12 persons at or below 80 percent of the area median income for the respective county.

 

Development name: NESDCAP Home Improvement Program

Development location: Scattered sites in eastern and south-central South Dakota

Developer: Northeast South Dakota Community Action Partnership (NESDCAP)

Housing Opportunity Funds reserved: $110,000

Development summary: Funding for a homeowner rehabilitation program that will assist an estimated eight homeowners at or below 80 percent of the area median income for the respective county.

 

Development name: NWDHR Homeowner Rehab Project

Development location: Scattered sites in Belle Fourche, Box Elder, Central City, Custer, Deadwood, Edgemont, Lead, Rapid City, Spearfish, Sturgis and Wall

Developer: NeighborWorks Dakota Home Resources (NWDHR)

Housing Opportunity Funds reserved: $110,000

Development summary: Funding for a homeowner rehabilitation program that will assist an estimated 10 homeowners at or below 115 percent of the area median income for the respective county.

 

Development name: Pathways Homeless Prevention

Development location: 412 E. Fourth St., Yankton

Developer: Pathways Shelter for the Homeless

Housing Opportunity Funds reserved: $23,100

Development summary: Funding for homelessness prevention activities for an estimated 16 persons at or below 30 percent of the area median income for Yankton county.

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 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 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

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