SDHDA's Tax Credit (MCC)

SDHDA's Tax Credit is available through a Mortgage Credit Certificate (MCC), which reduces the amount of federal income tax you pay, giving you more disposable income. With SDHDA's Tax Credit (MCC), a percentage of your mortgage interest can be used as a dollar-for-dollar reduction in your tax bill and the remaining interest paid is still eligible for the home mortgage interest deduction.

Who Can Apply?

You may qualify for the program if:

  • You are purchasing your first home which means you have not owned a home in the last three years.
  • The Maximum home sales price does not exceed the current purchase price limit of $340,000 or if the home is located in a federally designated targeted area, $413,000.
  • You have an income at or below prescribed South Dakota Housing Income Limits

To Get Started

Contact one of SDHDA Participating Lenders for an application and interview

SDHDA Tax Credit (MCC) Brochure SDHDA