SDHDA Interior Banner HousingDevelopment

Set-Asides

SDHDA distributes HOME funds geographically throughout eligible areas of the state, taking into consideration the following percentage set-asides:

Community Housing Development Organizations 15%
pdf Homeowner Rehab Policy and Procedures Manual (517 KB)
pdf Homeowner Rehab Program Application (197 KB)
$500,000
(maximum of $200,000 per subrecipient per year)
pdf Governor's House Homebuyer Program Term Sheet (232 KB)
pdf Governor's House Homebuyer Program Application (87 KB)
$150,000
pdf Security Deposit Assistance Program (175 KB)
pdf Security Deposit Assistance Program Application (180 KB)
$150,000
Difficult to Develop Areas $500,000
Multifamily Passive Building Design $500,000

Federal regulations require 15 percent of the HOME funds to be designated for Community Housing Development Organizations (CHDOs). A CHDO is a nonprofit entity that has received a tax-exempt ruling under Section 501(c)(3) or (4) of the Internal Revenue Code, meets the CHDO requirements found within the HOME plan, and provides housing opportunities as outlined in the HOME plan.

HOME funds are set-aside for Community Action Program (CAP) agencies and qualified non profit entities for the Homeowner Rehab Program. The primary purpose of this program is to rehabilitate single family, owner occupied properties.

Latest News

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    Agency offers one great low interest rate, extends borrowing limits PIERRE, S.D. (12/6/16) - Changes to South Dakota Housing Development Authority’s Read More
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