February 19, 2016

Notice of 30 Day Public Comment Period and Public Meeting on the 2016-2017 Housing and Community Development Plans

Notice of 30 Day Comment Period and Public Meeting
Housing and Community Development Plans

South Dakota Housing Development Authority, in partnership with the Governor’s Office of Economic Development, will be hosting a public comment meeting to solicit comments on the drafts of the 2016 Annual Action Plan, the 2016-2017 HOME Program Allocation Plan, the 2016-2017 Housing Tax Credit Qualified Allocation Plan, the Housing Opportunity Fund Allocation Plan, the Citizen Participation Plan, the 2016-2017 Emergency Solutions Grants Program Administrative Plan and the 2016-2017 Housing Trust Fund Allocation Plan.

The Consolidated Plan is a five-year housing and community development planning document that includes how the Community Development Block Grant (CDBG), Emergency Solutions Grants (ESG), Housing Trust Fund (HTF) and HOME Investment Partnerships (HOME) program funds will be allocated. The Consolidated Plan is carried out through annual action plans. The 2016 Annual Action Plan provides a concise summary of the actions, activities and the specific federal and non-federal resources that are anticipated to be available and utilized to address the needs and goals specified by the Consolidated Plan. The HOME program provides funds to developers and/or owners for acquisition, new construction, and rehabilitation of affordable housing. Proposed changes to the HOME program include changes to the funding set-asides, modification of the market study requirements, an addition of guarantee requirements, an increase in project cost limits, revision of Exhibit 4 Project Characteristics and revisions to the project selection criteria.

The Emergency Solutions Grants (ESG) Program funds can be used for renovation or rehabilitation of emergency shelters, shelter operations, homeless prevention, rapid re-housing and administrative expenses. Proposed changes to the ESG program include the addition of application scoring criteria and maximum grant amounts.

The Housing Trust Fund (HTF) was established under Title I of the Housing and Economic Recovery Act of 2008. It is a new affordable housing production program that will complement existing Federal, state and local efforts to increase and preserve the supply of decent, safe, and sanitary affordable housing for extremely low- and very low-income households, including homeless families.

The Housing Tax Credit program is a tax credit incentive to construct, acquire and/or rehabilitate housing for low-income households. Proposed changes to the Housing Tax Credit program include the changes indicated in the HOME Plan above, as applicable.

The Housing Opportunity Fund (HOF), created via SDCL 11-13, is designed to promote economic development by expanding the supply of decent, safe, sanitary and affordable housing targeted to low and moderate income families and individuals. Proposed changes to the HOF include establishing guidelines for loan repayment based on AMI being served, an increase in project cost limits, modification to Exhibit 4 project characteristics, and modifying set-asides if funding is reduced.

The Citizen Participation Plan outlines policies and procedures the state intends to follow to solicit citizen participation.

The public meeting is an opportunity for the public to provide their comments, suggestions and ideas of the draft plans. Final plans will be available by April 2016. Persons interested in making comments may do so by appearing at one of the public meeting sites on March 9, 2016, or by sending written comments to SDHDA, attention Lorraine Polak, PO Box 1237, Pierre, SD 57501, by fax (605) 773-5154 or emailing to Lorraine@sdhda.org. All comments are due by 5 p.m. CST, March 21, 2016. The public meeting on March 9, 2016, will be held at several locations throughout the state through the Dakota Digital Network (DDN). The meeting will begin at 2:00 pm CST (1:00 pm MST). DDN sites that are available for this meeting are:
Aberdeen – Northern State University Library Room 117
Mitchell – DOT Region Building
Pierre – Capitol Building Room A
Rapid City – University Center Room 113
Sioux Falls – University Center Room FADM 145
Watertown – Department of Environment and Natural Resources Building
Yankton – Department of Human Services Building

Copies of the draft plans may be obtained without charge from SDHDA at PO Box 1237, Pierre, SD 57501-1237, by calling (605) 773-3181 or by visiting SDHDA’s website at www.sdhda.org.

South Dakota Housing Development Authority (SDHDA) does not discriminate against any person because of race, creed, color, religion, sex, handicap, familial status, or national origin.

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