Listening Session Regarding Housing Programs - Yankton
|Date||Tuesday, February 4, 2020 at 9:00am - 11:00am - Central Time|
|Location||1808 Summit Street, Yankton, SD|
South Dakota Housing Development Authority (SDHDA), in partnership with the Governor’s Office of Economic Development, will be hosting five listening sessions around the state to solicit comments on the 2020 Annual Action Plan of the Consolidated Plan and the allocation plans for the HOME, Housing Tax Credits, Housing Trust Fund, Emergency Solutions Grant, and Housing Opportunity Fund Programs.
The Consolidated Plan is a five-year housing and community development planning document that includes how the Community Development Block Grant (CDBG), Emergency Solutions Grant (ESG), Housing Trust Fund (HTF) and the HOME Investment Partnerships (HOME) program funds will be allocated. The goals of these programs are to develop viable communities by providing decent housing, a suitable living environment, and expanded economic opportunities to low- and moderate-income persons.
Annually the state of South Dakota receives approximately $12.4 million from the U.S. Department of Housing and Urban Development to support the CDBG, ESG, HTF and HOME programs. As a prerequisite to receive funds from HUD, South Dakota must have an approved Consolidated Plan and annual action plans.
The Housing Tax Credit Program is a tax credit incentive to construct, acquire and/or rehabilitate housing for low-income households through the Internal Revenue Service. SDHDA receives approximately $3.2 million annually to allocate through this program.
The Housing Opportunity Fund (HOF) Program was created through Senate Bill 235 during the 2013 legislative session. HOF Funds can be used for rental housing, homeownership, land trusts and homelessness prevention activities.
The listening sessions are an opportunity for the public to provide their comments, suggestions and ideas prior to drafting the 2020-2021 plans. The public will have another chance to provide written comments once the draft plans have been released in March.
Persons interested in making suggestions for changes to the existing plans may do so by appearing at one of the listening sessions scheduled for Rapid City, Pierre, Aberdeen, Sioux Falls and Yankton, or by sending written comments to SDHDA, PO Box 1237, Pierre, SD 57501, by 5 p.m. CST, Feb. 10.
The listening sessions will be held at the following location on the respective date:
For more information contact Lorraine Polak at 605.773.3181 or Lorraine@sdhda.org.