November 27, 2018

SDHDA Awards $13.2 Million for Affordable Housing in South Dakota

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  • For Immediate Release: November 30, -0001
  • For More Information: Mark Lauseng, Executive Director, 605-773-3181

Pierre, SD - South Dakotans’ will be seeing additional housing development and preservation across the state. South Dakota Housing Development Authority’s (SDHDA) Board of Commissioners approved the award of more than $13.2 million in funding for housing activities. 

The developments will receive $4.2 million in Housing Tax Credits, $4.4 million in HOME Investment Partnership Program funds, $2.0 million in Housing Opportunity Funds and $2.6 million in Housing Trust Funds.  

The 25 projects funded will provide South Dakotans with 243 newly constructed multifamily housing units, 40 single-family housing units and 80 rehabilitated multifamily housing units. In addition, 59 individuals and families will be provided with down payment assistance, 40 individuals and families will be provided with home improvement assistance and 46 individuals and families will be provided with homelessness prevention assistance.

“Each year we have a high level of competition for our housing development funds,” said Executive Director Mark Lauseng, “and this year was no exception with SDHDA receiving 41 applications requesting more than $22 million.”

Funded recipients will include multifamily developments in Eagle Butte, Lead, Lemmon, Mitchell, Pierre, Rapid City, Sioux Falls and Vermillion. Funded single-family developments will be located in Harrisburg, Marty, Mission, Lake Andes, Sioux Falls and Wagner.

“The projects funded will result in over $60 million in total development costs, preserving and strengthening South Dakota’s housing stock,” said David Pummel, SDHDA board chairman. “They will help low-income families, elderly residents, individuals with disabilities and homeless veterans with a place to call home.”

Below is information regarding funded recipients:

Development name: 2019 Neighborhood Revitalization
Development location:  915 & 923 N. Blauvelt Ave., 515 S. Duluth Ave., 517 N. Sherman Ave., 231 S. Grange Ave., 720 W. 15th St., 716, 718, & 720 N. Harrington Ave., Sioux Falls
Developer: Affordable Housing Solutions
HOME Funds reserved:$225,000 
Development summary: Funding to provide gap financing to assist the purchases of six single family homes and three units in a triplex. Homeowners will income qualify at or below 80 percent of the area median income.
 
Development name: 600 First Ave. West
Development location:600 First Ave. West, Lemmon 
Developer: Lemmon Housing and Redevelopment Commission
Housing Opportunity Funds reserved: $303,226
Development summary: The new construction of a four-plex apartment building containing four housing units for persons at or below 115 percent of the area median income. There will be four two-bedroom units.
 
Development name: Black Hills Works – 6-Plex Apartments
Development location: 314 Wright St., Rapid City
Developer: Black Hills Works
Housing Trust Funds reserved: $775,000
Development summary: The new construction of a six-plex apartment building consisting of six housing units for persons with a disability at or below 30 percent of the area median income for Pennington County. There will be six one-bedroom units.
 
Development name: Davison Court Townhomes
Development location:1700 N. Wisconsin, Mitchell 
Developer: Grandview LLC
Housing Tax Credits reserved: $276,557 ($2,406,046 in HTC equity)
HOME Funds reserved: $544,312
Housing Trust Funds reserved: $350,000
Development summary: The acquisition and rehabilitation of four apartment buildings, previously known as Winter Park Townhomes, containing 24 townhome housing units for persons at or below 60 percent of the area median income. There are 24 three-bedroom units.
 
Development name: Denali Ridge Apartments
Development location: 208 E. Seventh St., 1210 N. Euclid, 209 E. Eighth St., 215 E. Eighth St., 1207 HWY 14, Pierre
Developer: Grandview, LLC
Housing Tax Credits reserved: $386,962 ($3,366,569 in HTC equity)
HOME funds reserved: $759,653
Housing Trust Funds reserved:$530,000
Development summary: The acquisition and rehabilitation of five apartment buildings, previously known as R.C. Pierre Apartments, containing 40 housing units for persons at or below 60 percent of the area median income. There are seven one-bedroom units and 33 two-bedroom units. 
 
Development name: Habitat for Humanity, Building Houses, Building Neighborhoods
Development location: 2905 & 2907 E. Pearl St., Sioux Falls 
Developer: Habitat for Humanity of Greater Sioux Falls, Inc.
Housing Opportunity Funds reserved:$140,000
Development summary: The new construction of two single family homes for persons at or below 50 percent of the area median income for Minnehaha county.
 
Development name: Habitat for Humanity, Building Houses, Building Neighborhoods – Lincoln County
Development location: 409 & 411 N. Cypress Circle, Harrisburg
Developer:Habitat for Humanity of Greater Sioux Falls, Inc.
Housing Opportunity Funds reserved: $131,000
Development summary: The new construction of a twin-home for persons at or below 50 percent of the area median income for Lincoln county.
 
Development name: Lead Schoolhouse Apartments
Development location: 121 Wall St., Lead 
Developer: CREMS Development, LLC
Housing Opportunity Funds reserved: $342,500 
Development summary: The reconstruction and rehabilitation of the Lead schoolhouse building containing 16 housing units. Eight units will be market rate, four units will be for persons at or below 120 percent of the area median income and four units will be for persons at or below 115 percent of the area median income. There will be seven one-bedroom units and nine two-bedroom units.
 
Development name: Madison Park Townhomes 
Development location: TBD N. Norbeck St., Vermillion
Developer: G.A. Haan Development, L.L.C.
Housing Tax Credits reserved: $618,750 ($5,754,375 in HTC equity)
HOME Funds reserved: $500,000
Development summary: The new construction of four apartment buildings containing a total of 40 townhome housing units. Five units will be market rate and 35 units will be for persons at an average of 60 percent of the area median income. There will be 20 two-bedroom units and 20 three-bedroom units.
 
Development name: Roseland Heights Apartments
Development location: TBD E. Third St., Sioux Falls
Developer: St. Joseph Catholic Housing, Inc.
Housing Tax Credits reserved: $449,772 ($4,047,944 in HTC equity)
HOME Funds reserved: $850,000
Housing Trust Funds reserved:$287,700
Development summary: The new construction of six apartment buildings containing a total of 36 townhome housing units for persons at an average of 60 percent of the area median income. There will be 12 one-bedroom units, 12 two-bedroom units and 12 three-bedroom units.
 
Development name: Sicangu Village Estates IV
Development location: Sicangu Village south of Mission
Developer: SWA Corporation
Housing Tax Credits reserved: $293,178 ($2,345,420 in HTC equity)
Development summary: The new construction of 15 single family homes located on the Rosebud Reservation.The homes will be targeted to homeless veterans. All homes will have a HUD-VASH rental subsidy voucher. There will be seven two-bedroom units and eight three-bedroom units.
 
Development name: Technology Heights II Apartments
Development location: 3810 N. Career Ave., Sioux Falls
Developer: Y Housing III, LLC
Housing Tax Credits reserved: $512,193 ($4,404,862 in HTC equity)
HOME Funds reserved: $549,989
Housing Trust Funds reserved: $239,996
Development summary: The new construction of an apartment building containing 39 housing units for persons at or below 50 percent of the area median income. There will be 17 one-bedroom units, 13 two-bedroom units and nine three-bedroom units.
 
Development name: The Residences at Greenway
Development location: 3008 E. 26th St., Sioux Falls
Developer: Affordable Housing Solutions & C.R. Lloyd Associates, Inc.
Housing Tax Credits reserved: $609,921 ($5,184,325 in HTC equity)
Housing Trust Funds reserved: $79,998
Development summary: The demolition of the existing Greenway Apartments (built in 1979) and new construction of a three-story apartment building containing 42 housing units for older persons (62 and over) at or below 60 percent of the area median income. There will be 35 one-bedroom units and seven two-bedroom units.
 
Development name: Whisper Rock II Apartments
Development location: TBD Neel St., Rapid City
Developer: Costello Investments, LLC
Housing Tax Credits reserved: $491,261 ($4,421,349 in HTC equity)
HOME Funds reserved: $950,000
Housing Trust Funds reserved: $287,700
Development summary: The new construction of a three-story apartment building containing 40 housing units for persons at an average of 60 percent of the area median income. There will be 20 one-bedroom units, 12 two-bedroom units and eight three-bedroom units.
 
Development name: Wiyaka Sakpe (Six Feathers)
Development location: 401 Owohe Nupa Dr., Eagle Butte
Developer: Cheyenne River Housing Authority (CRHA)
Housing Tax Credits reserved: $612,624 ($5,084,778 in HTC equity)
Development summary: The new construction of six apartment buildings containing a total of 36 townhome housing units for persons at or below 60 percent of the area median income. There will be six one-bedroom units, 18 two-bedroom units and 12 three-bedroom units.
 
Development name: Yankton Sioux Tribe School Employee Housing
Development location: Scattered sites in Marty, Wagner and Lake Andes
Developer: Yankton Sioux Tribe
Housing Opportunity Funds reserved: $340,000 
Development summary: Funding for the placement of 12 Governor’s Houses for rent to Marty Indian School employees at or below 80 percent of the area median income. Seven of the homes will be placed in Marty on Yankton Sioux Tribe trust land and the other five homes will be placed on fee simple in-fill lots in Lake Andes and Wagner. There will be five two-bedroom houses and seven three-bedroom houses.
 
Development name: 2018-2019 HAPI Minor Home Rehab Program
Development location: Scattered sites in eastern South Dakota
Developer: Homes Are Possible, Inc. (HAPI)
Housing Opportunity Funds reserved: $67,524 
Development summary: Funding for a homeowner rehabilitation program that will assist an estimated 10 persons at or below 80 percent of the area median income for the respective county.
 
Development name: Cornerstone Rescue Mission
Development location: 30 Main St., Rapid City
Developer: Cornerstone Rescue Mission
Housing Opportunity Funds reserved: $110,000
Development summary: Funding for homelessness prevention activities for an estimated 30 persons at or below 50 percent of the area median income.
 
Development name: Cottage Villa Relocation Project
Development location: 807 Cottage Ave. & 23 E. Duke St., Vermillion
Developer: City of Vermillion
Housing Opportunity Funds reserved: $66,000 
Development summary: Funding for a homeowner rehabilitation and relocation program that will assist an estimated 12 homeowners at or below 115 percent of the area median income for Clay county.
 
Development name: GROW South Dakota Down Payment Assistance/Closing Cost Assistance - Rural
Development location: Scattered sites in rural South Dakota 
Developer: GROW South Dakota
Housing Opportunity Funds reserved: $165,000
Development summary: Funding for homebuyer assistance that will assist an estimated 30 persons at or below 115 percent of the area median income for the respective county.
 
Development name: GROW South Dakota Down Payment Assistance/Closing Cost Assistance - Urban
Development location: Sioux Falls and Rapid City
Developer: GROW South Dakota
Housing Opportunity Funds reserved: $98,553
Development summary: Funding for homebuyer assistance that will assist an estimated 17 persons at or below 115 percent of the area median income for the respective county.
 
Development name: HAPI 2018-2019 Homebuyer Assistance
Development location: Scattered sites in eastern South Dakota
Developer: Homes Are Possible, Inc. (HAPI)
Housing Opportunity Funds reserved: $55,000
Development summary: Funding for homebuyer assistance that will assist an estimated 12 persons at or below 80 percent of the area median income for the respective county.
 
Development name: NESDCAP Home Improvement Program
Development location: Scattered sites in eastern and south-central South Dakota 
Developer: Northeast South Dakota Community Action Partnership (NESDCAP)
Housing Opportunity Funds reserved: $110,000
Development summary: Funding for a homeowner rehabilitation program that will assist an estimated eight homeowners at or below 80 percent of the area median income for the respective county.
 
Development name: NWDHR Homeowner Rehab Project
Development location: Scattered sites in Belle Fourche, Box Elder, Central City, Custer, Deadwood, Edgemont, Lead, Rapid City, Spearfish, Sturgis and Wall 
Developer: NeighborWorks Dakota Home Resources (NWDHR)
Housing Opportunity Funds reserved: $110,000
Development summary: Funding for a homeowner rehabilitation program that will assist an estimated 10 homeowners at or below 115 percent of the area median income for the respective county.
 
Development name: Pathways Homeless Prevention
Development location: 412 E. Fourth St., Yankton 
Developer: Pathways Shelter for the Homeless
Housing Opportunity Funds reserved: $23,100
Development summary: Funding for homelessness prevention activities for an estimated 16 persons at or below 30 percent of the area median income for Yankton county.

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About South Dakota Housing Development Authority:South Dakota Housing Development Authority (SDHDA) was created by the South Dakota legislature in 1973 with a stated mission to provide decent, safe and affordable housing to low- and moderate-income South Dakotans. SDHDA is a self-supporting, nonprofit entity that uses no state tax dollars to fund its operating budget. SDHDA utilizes housing bonds, tax credits and other federal and state resources to fund housing programs that provide mortgage and downpayment assistance, housing construction and rehabilitation, homelessness prevention and rental assistance. SDHDA does not discriminate against any person because of race, color, creed, religion, sex, disability, familial status or national origin. For more information, visit www.sdhda.org

The South Dakota Housing Development Authority…Building A Better Quality of Life.

 

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