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Housing Opportunity Fund

The South Dakota Housing Opportunity Fund (HOF) is designed to promote economic development in South Dakota by expanding the supply of decent, safe, sanitary and affordable housing targeted to low and moderate income families and individuals in South Dakota.  The HOF was created via Senate Bill 235 the “Building South Dakota Fund” during the 2013 legislative session. As outlined in South Dakota Codified Law 11-13, the HOF is being administered by South Dakota Housing Development Authority (SDHDA) and the SDHDA Board of Commissioners (SDHDA Board).  HOF funds may be used for new construction or the purchase and rehabilitation of rental or homeownership housing, housing preservation, including home repair grants and grants to make homes more accessible to individual with disabilities, homelessness prevention activities, and community land trusts.  Any for-profit entity, nonprofit entity, tribal government, housing authority, political subdivision of this state or agency of such subdivision, or agency of this state is eligible to apply for funding.

2018 Housing Opportunity Fund Applicants

Applications are due the last working day of August at 5:00 p.m. Central Time. Completed applications (refer to Exhibit 1 of the Housing Opportunity Fund Plan Application) 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.

$2.6 million available (Development: $1.95 million; Programs: $650 thousand)
Rural Development: $341,250 per project limit
Urban Development: $146,250 per project limit
Rural Program: $113,750 per project limit
Urban Program: $48,750 per project limit 

Call or email Chas Olson, Housing Development Officer, with your Housing Opportunity Fund program questions. 
Phone: (605) 773.4132

Latest News

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    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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