For Immediate Release, August 29, 2005
For more information contact Dar Baum , 773-3617
Additional HOME Funds Available – Applications Now Being Accepted
The South Dakota Housing Development Authority (SDHDA) announces the availability of additional HOME Investment Partnership Program funds. Approximately $1.5 million is available for this second round of funding. Applications are due to SDHDA by 5:00 p.m. CDT , on Friday, September 30, 2005 . Interested parties can obtain more information or an application form by calling 605-773-3181 or visiting www.sdhda.org .
The HOME Investment Partnership Program provides funds to developers and/or owners for acquisition, new construction, and rehabilitation of affordable housing. HOME funds may be invested in both rental and homeownership activities.
SDHDA specifically encourages designated non-profit Community Housing Development Organizations (CHDOs) to apply for HOME funds. In accordance with federal regulations, SDHDA has designated fifteen percent of its HOME formula funds to CHDOs.
The South Dakota Housing Development Authority (SDHDA) is an independent, quasi-public agency that finances and develops affordable housing opportunities for low and moderate-income residents throughout South Dakota . SDHDA is totally self-supporting and receives no tax money, appropriations or other funding from the State. SDHDA does not discriminate against any person because of race, color, creed, religion, sex, handicapped, familial status or national origin. SDHDA is a proud partner of the State's 2010 Initiative to “Brand and Develop South Dakota's Quality of Life as the Best in America .” For more information, visit www.sdhda.org or www.2010initiative.com .
The South Dakota Housing Development Authority… Building a Better Quality of Life .
