South Dakota Housing Awards $10.6 Million for Housing Infrastructure Projects
PIERRE, S.D. (1/16/24) – South Dakota Housing’s Board of Commissioners today awarded $10.6 million Housing Infrastructure Financing Program (HIFP) funds to assist with 10 housing infrastructure projects.
To date, SD Housing has received 95 applications in total for the HIFP requesting approximately $139 million of the $198 million that is available and just over $106.6 million has been awarded to 67 projects.
Below is information regarding funded recipients:
Housing Infrastructure Financing Program
Development name: Aurora’s Addition
Development location: East Madison and North La Mesa Drive, Sioux Falls
Developer: South Eastern Development Foundation (SEDF)
Additional HIFP General Grant Funds approved: $439,083
Development summary: The project consists of infrastructure development for 55 single family lots.
Development name: Abbey Road Apartments
Development location: Pierre
Developer: Stencil Group II, LLC
HIFP General Grant Funds approved: $522,435
Development summary: The project consists of infrastructure development for 115 multifamily units.
Development name: Camden Heights
Development location: 1725 Camden Drive, Rapid City
Developer: ECG Rapid City, LP
HIFP General Loan Funds approved: $2,207,539
Development summary: The project consists of infrastructure development for 252 multifamily units of affordable housing.
Development name: East 20th Street and South Gary Drive
Development location: 2808 East 20th Street, Sioux Falls
Developer: Affordable Housing Solutions, Inc.
HIFP General Grant Funds approved: $115,000
Development summary: The project consists of infrastructure development for eight ownership units in four separate twinhome buildings.
Development name: Eastside Addition – Phase 1
Development location: Estelline
Developer: City of Estelline
HIFP General Grant Funds approved: $300,000
Development summary: The project consists of infrastructure development for 12 single family lots.
Development name: Ennen Housing Development
Development location: Meadow Ridge Subdivision, Rapid City
Developer: Ennen Development, LLC
HIFP General Grant Funds approved: $3,535,707
Development summary: The project consists of infrastructure development for 156 single family lots.
Development name: Homestead Vista – Phase 1
Development location: Neel St, Rapid City
Developer: DTH, LLC
HIFP General Grant Funds approved: $784,410
Development summary: The project consists of infrastructure development for 156 multifamily units.
Development name: Homestead Vista – Phase 2
Development location: Neel St, Rapid City
Developer: DTH, LLC
HIFP General Grant Funds approved: $1,039,222
Development summary: The project consists of infrastructure development for 13 single family lots and four multifamily lots that will provide 349 multifamily housing units.
Development name: Sourdough Road Development
Development location: 10899 Sourdough Road, Belle Fourche
Developer: American Contracting & Consulting, LLC
HIFP General Grant Funds approved: $1,028,393
Development summary: The project consists of infrastructure development for 52 single family lots.
Development name: Stanley Township
Development location: Waldron Street, Ft. Pierre
Developer: City of Ft. Pierre
HIFP ARPA Grant Funds approved: $705,000
Development summary: The project consists of infrastructure development for 25 single family lots and one multifamily lot that will provide eight multifamily housing units.
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About South Dakota Housing
South Dakota Housing was created by the South Dakota Legislature in 1973 with a stated mission to provide opportunities for quality, affordable housing for South Dakotans. South Dakota Housing is a self-supporting, nonprofit entity known for our commitment for providing innovative financing solutions to create and preserve affordable housing. South Dakota Housing utilizes housing bonds, tax credits, and other federal and state resources to fund housing programs which provide mortgage and downpayment assistance, housing construction and rehabilitation, homelessness prevention, rental assistance, and educational opportunities.
For more information:
Chas Olson, Executive Director, SD Housing, 605.773.3181
