November 27, 2017

South Dakota Housing Development Authority Notice of Hearing on Bond Issues

The South Dakota Housing Development Authority (the “Authority”) will hold a public hearing at 8:30 a.m. on Wednesday, December 6, 2017, at the Authority Conference Room, 3060 East Elizabeth Street, Pierre, SD, for the purpose of taking public testimony regarding the proposed issuance of single family mortgage revenue bonds of the Authority, in one or more series, in an aggregate principal amount not to exceed $600,000,000 (six-hundred million dollars) as part of its plan for financing lower rate mortgage loans for eligible homebuyers in the state.

The bonds proposed to be issued pursuant to this notice may refund outstanding mortgage revenue bonds of the Authority (or replace prepayments and excess revenues used for such purpose), or may be “new money” bonds utilizing a portion of the Authority’s federal volume cap allocation, or both. The bonds proposed to be issued pursuant to the plan described in this notice shall be issued pursuant to a plan of finance within 36 months of the date of issuance of the first series of bonds.

Additional information with respect to the proposed bond issues and the Authority’s program of funding lower rate mortgage loans for eligible homebuyers may be obtained from South Dakota Housing Development Authority, P.O. Box 1237, Pierre, SD 57501-1237, or by calling 605-773-3181. Written comments on the issuance of mortgage revenue bonds may be submitted through 5 p.m. on December 6, 2017.

Notice is further given to individuals with disabilities that this hearing is being held in a physically accessible place.  Please notify the Authority 48 hours before the public hearing if you have special needs for which the Authority will need to make arrangements.

The Authority does not discriminate against any person because of race, color, religion, sex, handicap, familial status, or national origin.

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