For Immediate Release (September 13, 2004)
For More Information; Dar Baum, 773-3181
Headline: SDHDA Announces $100 Million for First-time Homebuyers on its New Website
(Pierre) — The South Dakota Housing Development Authority (SDHDA) today launched its redesigned website –www.sdhda.org- and in doing so announced Board action on an additional $100 million bond sale to assist First-time Homebuyers.
The SDHDA Board of Commissioners approved the $100 million bond sale allowing the Authority to continue to offer consumers a 3.95% Starting Step Interest Rate and a 4.95% Fixed Interest Rate.
“These funds will allow us to help an additional 1,000 First-time Homebuyers afford a home of their own,” said Dar Baum, SDHDA Executive Director. “We are excited to be able to continue to help drive South Dakota’s economy by offering these low-rate mortgages.”
SDHDA made the initial announcement on their newly designed website released yesterday. In support of the 2010 Initiative, which identified needed improvement in their efforts in marketing their programs to the public, SDHDA worked to improve this valuable tool.
The Authority’s main focus was to update the site to be more user-friendly, to be better organized for specific user groups, and to keep people up to date on Authority as well as state and national housing news and information.
You can check out SDHDA’s new website at www.sdhda.org.
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.
