Housing Development

Community Housing Development Program

The objective of the Community Housing Development Program (CHDP) is to provide a financial resource to help address the housing needs of South Dakota communities. Based on the needs identified by market studies, SDHDA can provide financial assistance for development of rental housing opportunities. Funds may be used for households at or below 120% of the Area Median Income. Public or private nonprofits or profit-oriented individual(s), corporations, partnerships, limited partnerships or organizations can apply for the CHD funds.

The interest rate for the CHDP will be 3.50% and will be good for all CHDP applications received through June 30, 2021. 

Term Sheet
Administrative Plan

Pro Forma