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 CHDP funds.
The interest rate for the CHDP is currently 3.50%.
CHDP - Infrastructure Financing
A portion of CHDP can be utilized for infrastructure financing for development of homeownership and rental housing in partnership with local governments who have committed to the housing development by providing assistance, such as tax increment financing.
The interest rate for the CHDP - Infrastructure Financing is currently capped at 3.50%.