December 4, 2017

SDHDA Awards $9 Million for Affordable Housing in South Dakota

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  • For More Information: Mark Lauseng, Executive Director, 605-773-3181

SDHDA Awards $9 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 (SDHDA) Board of Commissioners approved the award of more than $9 million in funding for housing activities.

The developments will receive $2.7 million in Housing Tax Credits, $3.7 million in HOME Investment Partnership Program funds, $1.2 million in Housing Opportunity Funds and $1.4 million in Housing Trust Funds.  

The 21 projects funded will provide South Dakotans with 249 newly constructed multifamily housing units, four single-family homes, 30 rehabilitated multifamily housing units, and assistance with homelessness prevention, homeowner rehabilitation and downpayment and closings costs.

“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 35 applications requesting more than $15 million.”

Funded recipients will include multifamily developments in Eagle Butte, Madison, Rapid City, Sioux Falls, Sisseton and Yankton. Funded single-family developments will be located in Rapid City and Sioux Falls.

“The projects funded will result in over $33 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 previously incarcerated individuals with a place to call home.”

Below is information regarding funded recipients:

Development name: Black Hills Works – Governor’s House for The Brain Injury Rehabilitation Center
Development location: 800 Soo San Drive, Rapid City
Developer: Black Hills Works, Inc.
Housing Opportunity Funds reserved: $52,805
Development summary: funding for the purchase of a three-bedroom Governor’s House to provide housing for three traumatic brain injury individuals at or below 30 percent of the area median income.
 
Development name: Cleveland Center Apartments
Development location: 2601 E. Eighth St., Sioux Falls
Developer: Y Housing II, LLC
Housing Tax Credits reserved: $445,787 ($3,744,615 in HTC equity)
HOME funds reserved: $659,989
Housing Trust Funds reserved: $427,200
Development summary: the new construction of one apartment building containing 39 housing units for persons at or below 60 percent of the area median income. There will be 17 one-bedroom units, 13 two-bedroom units and nine three-bedroom units.
 
Development name: Glory House Apartments
Development location: 1600 W. 51st St., Sioux Falls
Developer: Glory House of Sioux Falls
Housing Tax Credits reserved: $188,328 ($1,581,952 in HTC equity)
HOME funds reserved: $712,500
Development summary: the new construction of a four-story apartment building containing 25 housing units for persons at or below 50 percent of the area median income. There will be 25 zero-bedroom units for individuals who have been incarcerated and are trying to re-enter the community.
 
Development name: Harvest Point Apartments
Development location: 505, 511 and 519 SE. Ninth St., Madison
Developer: Sandbar Development, LLC
Housing Tax Credits reserved: $313,142 ($2,755,650 in HTC equity)
Development summary: the acquisition and rehabilitation of three apartment buildings containing 30 housing units with USDA Rural Development Section 515 project-based rental assistance. There are 12 two-bedroom units and 18 three-bedroom units. Unit improvements include new kitchens, bathrooms, appliances, light fixtures, paint, new heaters and air conditioners. Building improvements include new windows, entry doors, attic insulation, siding, light fixtures, sidewalks, parking lot resurface, community room, playground equipment and a basketball court.
 
Development name: Majestic Ridge Apartments
Development location: 3600, 3610, and 3620 S. Sparta Ave., Sioux Falls
Developer: Costello Investments, LLC
Housing Tax Credits reserved: $546,000 ($5,077,801 in HTC equity)
HOME funds reserved: $1,000,000
Development summary: the new construction of two, three-story apartment buildings containing 60 housing units. Seven units will be market rate and 53 units will be for persons at or below 60 percent of the area median income. There will be 28 one-bedroom units, 20 two-bedroom units and 12 three-bedroom units.
 
Development name: North Star Senior Housing
Development location: Badger Park Subdivision, Eagle Butte
Developer: Cheyenne River Housing Authority
Housing Trust Funds reserved: $479,600
Development summary: the new construction of two multifamily duplex style buildings with two-bedrooms, one-bath in each home. There will be four two-bedroom units providing housing for older persons (55+) at or below 30 percent of the area median income.
 
Development name: Sage View Glen Apartments
Development location: 117 E. Minnesota St., Rapid City
Developer: The Evangelical Lutheran Good Samaritan Society
Housing Tax Credits reserved: $545,956 ($4,968,200 in HTC equity)
HOME funds reserved: $430,000
Housing Trust Funds reserved: $484,500
Development summary: the new construction of a three-story apartment building containing 50 housing units for older persons (62 and over) at or below 60 percent of the area median income. There will be 42 one-bedroom units and eight two-bedroom units. The complex will provide congregate care with services and an optional meal once per day.
 
Development name: SWO Elderly Village
Development location: SW. quadrant of State Route 10 and Lake Traverse Drive intersection, Sisseton
Developer: Dakota Nation Development Corporation
Additional Housing Tax Credits reserved: $262,874 ($2,133,486 in HTC equity)
Development summary: the new construction of one apartment building containing 32 housing units for older persons (55+) at or below 60 percent of the area median income. There will be 16 one-bedroom units and 16 two-bedroom units.
 
Development name: Yankton Heights II Apartments
Development location: 1310 W. 30th St., Yankton
Developer: St. Joseph Catholic Housing Inc.
Housing Tax Credits reserved: $441,631 ($4,107,101 in HTC equity)
HOME Funds reserved: $622,955
Development summary: the new construction of a three-story apartment building containing 40 housing units for persons at or below 60 percent of the area median income. There will be 22 one-bedroom units and 18 two-bedroom units.
 
Development name: Habitat for Humanity Building Homes, Building Communities
Development location: 1709, 1817 and 1821 E. Tracy Lane, Sioux Falls
Developer: Habitat for Humanity of Greater Sioux Falls, Inc.
Housing Opportunity Funds reserved: $148,560
Development summary: the new construction of three single-family homes for persons at or below 60 percent of the area median income for Minnehaha County.
 
Development name: Lemmon Construction
Development location: 613 Lemmon Ave., Rapid City
Developer: Black Hills Area Habitat for Humanity
Housing Opportunity Funds reserved: $64,050
Development summary: the new construction of one single-family home for persons at or below 70 percent of the area median income for Pennington County.
 
Development name: Sherwood Place
Development location: 800 N. Harrington Ave., Sioux Falls
Developer: Affordable Housing Solutions
HOME funds reserved: $240,000
Development summary: funding for homebuyer assistance that will assist 12 persons at or below 80 percent of the area median income.
 
Development name: BASEC Grant/Loan Program
Development location: Scattered sites in Beadle, Spink and Kingsbury counties
Developer: Beadle and Spink Enterprise Community, Inc. (BASEC)
Housing Opportunity Funds reserved: $131,250
Development summary: funding for a homeowner rehabilitation program that will assist 25 families living in Beadle, Spink and Kingsbury counties at or below 115 percent of the area median income.
 
Development name: Inter-Lakes Community Action Partnership ESG Match – Balance of Area
Development location: Scattered Sites in Brookings, Clark, Codington, Deuel, Grant, Hamlin, Kingsbury, Lake, Lincoln, Miner, Moody, McCook, Minnehaha and Turner counties
Developer: Inter-Lakes Community Action Partnership (ICAP)
Housing Opportunity Funds reserved: $40,000
Development summary: funding for homelessness prevention activities for persons at or below 30 percent of the area median income for the respective county.
 
Development name: Inter-Lakes Community Action Partnership ESG Match – Sioux Falls
Development location: Scattered sites in Sioux Falls
Developer: Inter-Lakes Community Action Partnership (ICAP)
Housing Opportunity Funds reserved: $40,000
Development summary: funding for homelessness prevention activities for persons at or below 30 percent of the area median income for Minnehaha County.
 
Development name: HAPI 2017-2018 Home Buyer Assistance
Development location: Scattered sites in central and northeast South Dakota
Developer: Homes Are Possible, Inc.
Housing Opportunity Funds reserved: $119,700
Development summary: funding for homebuyer assistance that will assist an estimated 28 persons at or below 80 percent of the area median income for the respective county.
 
Development name: Habitat for Humanity – South Dakota Down Payment Assistance Program
Development location: Scattered sites throughout South Dakota
Developer: Habitat for Humanity – South Dakota
Housing Opportunity Funds reserved: $52,500
Development summary: funding for homebuyer assistance that will assist an estimated 10 persons at or below 60 percent of the area median income for the respective county.
 
Development name: NESDCAP Home Improvement Forgivable Loan Program
Development location: Scattered sites in eastern and south central South Dakota
Developer: Northeast South Dakota Community Action Partnership (NESDCAP)
Housing Opportunity Funds reserved: $133,750
Development summary: funding for a homeowner rehabilitation program that will assist 10 persons at or below 80 percent of the area median income for the respective county.
 
Development name: NLS - Down Payment/Closing Costs Assistance Program
Development location: Scattered sites in western South Dakota
Developer: Neighborhood Lending Services, Inc.
Housing Opportunity Funds reserved: $147,000
Development summary: funding for homebuyer assistance that will assist an estimated 20 persons. Eight persons will be assisted at or below 80 percent of the area median income and 12 persons at or below 120 percent of the area median income.
 
Development name: NWDHR – Homeowner Rehab Project
Development location: Scattered sites in western South Dakota
Developer: NeighborWorksÒ Dakota Home Resources (NWDHR)
Housing Opportunity Funds reserved: $198,000
Development summary: funding for a homeowner rehabilitation program that will assist approximately 23 persons. Eight persons will be assisted at or below 50 percent of the area median income, 10 at or below 80 percent of the area median income and five persons at or below 115 percent of the area median income for the respective county.
 
Development name: Rural Office of Community Services, Inc. (ROCS)
Development location: Scattered sites in eastern and south central South Dakota
Developer: Rural Office of Community Services, Inc. (ROCS)
Housing Opportunity Funds reserved: $36,000
Development summary: funding for homelessness prevention activities for an estimated 35 persons at or below 30 percent of the area median income for the respective 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. 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

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