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HOME Program

The primary purpose of the HOME Program is to expand the supply of decent, safe, sanitary, and affordable housing for very low-income and low-income households as determined per the Income Limits. U.S. Department of Housing and Urban Development provides annual funding to participating jurisdictions (SDHDA) to develop their own programs in partnership with local governments, nonprofit organizations, and the private sector. The HOME Program provides funds to developers and/or owners for acquisition, new construction, and rehabilitation of affordable housing.  The typical financing package would consist of 10% owner equity, 40% conventional loan and 50% HOME funds.  The HOME funds are loaned at a 0% interest rate with variable repayment terms.  

2018 HOME Applicants

Applications are due annually on the last working day of August at 5:00 p.m. Central Time. Completed applications must be delivered (via U.S. Postal Service, private mailing service, or hand delivery) to SDHDA by 5:00 p.m. Central Time on the applicable due date. Applications via facsimile or e-mail will NOT be accepted. 

$5 million available
$1 million per project
$1.25 million per developer
$2.5 million per community

*You will need Adobe Acrobat to fill out the Application form.  In order to save the Application form, you will need to have Adobe Acrobat Professional 7.0

A portion of the HOME funds are set-aside for specialized housing opportunities as detailed under Set-Asides.

For housing built before 1978, lead based paint could be a potential health risk.  Lead is a highly toxic metal that may cause a range of health problems, especially in young children. When lead is absorbed into the body, it can cause damage to the brain and other vital organs, like the kidneys, nerves and blood.  Lead may also cause behavioral problems, learning disabilities, seizures and in extreme cases, death. Some symptoms of lead poisoning may include headaches, stomachaches, nausea, tiredness and irritability. Children who are lead poisoned may show no symptoms. All HOME funded projects are required to document compliance with federal lead based paint requirements.   For more information on Lead Based Paint requirements please view HUD’s Healthy Homes website

Companies certified in South Dakota for the evaluation or abatement of lead based paint

HOME Final Rule is Released

HUD published its HOME Final Rule on July 24, 2013. According to HUD, these amendments to the HOME regulations represent the most significant changes to the HOME program in 17 years. 

Call or e-mail Chas Olson, Housing Development Officer, with your HOME program questions.
Phone: (605) 773-4132

Latest News

  • SDHDA Awards $13.2 Million for Affordable Housing in South Dakota +

    Pierre, SD - South Dakotans’ will be seeing additional housing development and preservation across the state. South Dakota Housing Development Authority’s Read More
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