South Dakota Housing Awards $741 Thousand to Nine Housing Opportunity Fund Programs
PIERRE, S.D. (11/17/24) – South Dakota Housing’s Board of Commissioners today awarded more than $741,000 in Housing Opportunity Fund (HOF) funds to assist with nine affordable housing programs.
Administered by South Dakota Housing, the Housing Opportunity Fund was created to 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 individuals with disabilities, homelessness prevention activities, and homebuyer assistance.
Below is information regarding funded program recipients:
Housing Opportunity Fund
Program name: BASEC Homeowner Rehab Program
Program location: Scattered Sites in Beadle, Spink and Kingsbury Counties
Applicant: Beadle and Spink Enterprise Community, Inc. (BASEC)
Housing Opportunity Funds approved: $75,350
Program summary: Funding for a homeowner rehabilitation program that will assist an estimated ten homeowners at or below 115 percent of the area median income for their respective county of Beadle, Spink or Kingsbury.
Program name: BHA Habitat for Humanity Homebuyer Assistance
Program location: Rapid City
Applicant: Black Hills Area Habitat for Humanity Inc. (BHAHFH)
Housing Opportunity Funds approved: $55,688
Program summary: Funding for a homebuyer assistance program that will assist five homeowners at or below 80 percent of the area median income for Pennington County.
Program name: BHA Habitat for Humanity Homeowner Rehab Program
Program location: Rapid City
Applicant: Black Hills Area Habitat for Humanity (BHAHFH)
Housing Opportunity Funds approved: $54,450
Program summary: Funding for a homeowner rehabilitation program that will assist an estimated 10 homeowners at or below 80 percent of the area median income for Pennington County.
Program name: GROW South Dakota Homebuyer Assistance
Program location: Sioux Falls and Rapid City
Applicant: GROW South Dakota
Housing Opportunity Funds approved: $55,688
Program summary: Funding for homebuyer assistance that will assist an estimated five homebuyers at or below 115 percent of the area median income for the respective county.
Program name: ICAP – Homelessness Prevention Program
Program location: Sioux Falls
Applicant: Inter-Lakes Community Action Partnership (ICAP)
Housing Opportunity Funds approved: $55,688
Program summary: Funding for homelessness prevention activities that will assist an estimated seven households at or below 30 percent of the area median income for Sioux Falls.
Program name: ICAP Homeowner Rehab Program
Program location: Scattered Sites in 14 counties in Rural Eastern South Dakota
Applicant: Inter-Lakes Community Action Partnership (ICAP)
Housing Opportunity Funds approved: $129,800
Program summary: Funding for a homeowner rehabilitation program that will assist nine homeowners at or below 50 percent of the area median income for the respective county.
Program name: NESDCAP Homeowner Rehab Program
Program location: Scattered Sites in Eastern and South-Central South Dakota
Applicant: Northeast South Dakota Community Action Partnership (NESDCAP)
Housing Opportunity Funds approved: $129,800
Program summary: Funding for a homeowner rehabilitation program that will assist an estimated seven homeowners at or below 80 percent of the area median income for the respective county.
Program name: NLS Homebuyer Assistance
Program location: Scattered Sites in Western South Dakota
Developer: Neighborhood Lending Services, LLC
Housing Opportunity Funds approved: $129,800
Program summary: Funding for homebuyer assistance that will assist an estimated 15 homebuyers at or below 115 percent of the area median income for the respective county.
Program name: ROCS Homelessness Prevention
Program location: Scattered Sites in Eastern and South-Central South Dakota
Applicant: Rural Office of Community Services, Inc. (ROCS)
Housing Opportunity Funds approved: $55,000
Program summary: Funding for homelessness prevention activities that will assist an estimated 60 households at or below 115 percent of the area median income for the respective county.
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
