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SDHDA's Tax Credit (MCC)

Program Temporarily Suspended Effective 11.17.17

SDHDA's Tax Credit is available through a Mortgage Credit Certificate (MCC), which reduces the amount of federal income tax you pay, giving you more disposable income.  With SDHDA's Tax Credit (MCC), a percentage of your mortgage interest can be used as a dollar-for-dollar reduction in your tax bill and the remaining interest paid is still eligible for the home mortgage interest deduction.

Who Can Apply?

You may qualify for the program if:

  • You are purchasing your first home which means you have not owned a home in the last three years.
  • The Maximum home sales price does not exceed the current purchase price limit of $250,200 or if the home is located in a federally designated targeted area, $305,800.
  • You have an income at or below prescribed  pdf South Dakota Housing Income Limits (20 KB)

To Get Started

Contact one of SDHDA Participating Lenders for an application and interview

pdf SDHDA Tax Credit (MCC) Brochure

(1.06 MB)
SDHDA Tax Credit (MCC) Video

Latest News

  • Face-to-Face Board Meeting Scheduled for November 21, 2017 at 10:00 a.m. CST +

    The call-in information and agenda is below for people who may not be able to attend.  Join online meeting  https://meet.sdhda.org/sheila/TTFCB3QL  Read More
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