- How do I finance purchase of rental housing?
- How do I develop and build rental housing?
- How do I rehabilitate existing rental housing?
- How do I build, acquire or rehab for sale housing?
- How do I create supportive housing for homeless and at risk?
- How do I develop single family lots?
- HOME
- Housing Tax Credits
- Bond Financing Continuum of Care
- Emergency Shelter Grant
- Tips to Consider
Quick Links |
Multifamily Bond Financing Application |
Multifamily Bond Financing Application |
Multifamily Bond Financing Program
This program provides sponsors of selected multifamily housing developments with permanent and construction loans through the sale of tax-exempt or taxable revenue bonds.
Eligibility Requirements
Applicants must apply with a form of credit enhancement (FNMA, GNMA, FHA). Housing must be set aside for low income families or for persons with disabilities or the elderly. A needs assessment and local government certifications must be obtained. If Housing Tax Credits (HTC) are to be utilized, application must comply with the current HTC Program Qualified Allocation Plan (QAP).
Terms of Mortgage
Loan for up to 50 years. Up to 100% for nonprofit sponsor/owner or 90% for all limited profit sponsors/owners. Interest rate determined based on market.
Application Procedure
Developers apply to SDHDA for the financing of new construction or acquisition/substantial rehabilitation of rental properties. An SDHDA Housing Tax Credit application must be submitted with the bond financing application.
E-mail Scott Rounds, Housing Development officer or call
(605) 773-4532
