PIERRE, S.D. – South Dakota Housing Development Authority’s (SDHDA) Board of Commissioners recently awarded more than $11 million to assist South Dakotans with newly constructed multifamily housing, single family housing, homebuyer assistance, homeowner rehabilitation, and homelessness prevention.
The developments will receive $2.7 million in Housing Tax Credits, $4.4 million in HOME Investment Partnership Program funds, $2.8 million in Housing Opportunity Funds and $1.9 million in Housing Trust Funds.
The 24 projects funded will provide South Dakotans with 183 newly constructed multifamily housing units, eight single-family homes and rehabilitation for 36 multifamily housing units. The approved funding will provide downpayment assistance for 84 households, homeowner rehabilitation for 23 homeowners and provide services and financial support for 28 households who are homeless or at risk of becoming homeless.
“Funding is awarded annually to developers through a highly competitive application process,” said Executive Director Lorraine Polak. “This year was no exception, with 32 applications requesting more than $16 million.”
“The developments funded will result in over $40.7 million in total development costs, preserving and strengthening South Dakota’s affordable housing stock,” said Bill Hansen, SDHDA board chairman. “The affordable housing units will help low-income families, elderly residents, individuals with disabilities and homeless citizens with a place to call home.”
Below is information regarding funded recipients:
Development name: Bowdle 2nd Avenue Duplex
Development location: 4025 S. 2nd Ave., Bowdle
Developer Bowdle Economic Development Corporation
Housing Opportunity Funds approved: $395,500
Development summary: The new construction of a DakotaPlex containing two three-bedroom units for individuals and families at or below 115 percent of the area median income for Edmunds county. The units will be placed on a crawl space and will each have a two-stall garage.
Development name: GB Villa Duplex
Development location: 400 3rd Ave. W., Lemmon
Developer: Lemmon Housing & Redevelopment Commission
Housing Opportunity Funds approved: $ 144,944
Development summary: The acquisition and rehab of an existing home that will be converted into a duplex containing one two-bedroom unit and one three-bedroom unit for individuals and families at or below 115 percent of the area median income for Perkins county.
Development name: Habitat for Humanity Black Hills Area – East Creek Village – Phase I
Development location: 1637 E. Saint Charles St., Rapid City
Developer: Black Hills Area Habitat for Humanity
HOME Funds approved: $600,000
Housing Opportunity Funds approved: $ 146,500
Development summary: The new construction of five townhomes containing two two-bedroom units and three three-bedroom units for individuals and families at or below 80 percent of the area median income for Pennington county.
Development name: Habitat for Humanity of Greater Sioux Falls – Daisy Avenue Homes
Development location: 509 & 601 Daisy Ave., Sioux Falls
Developer: Habitat for Humanity of Greater Sioux Falls
Housing Opportunity Funds approved: $146,500
Development summary: The new construction of two single-family homes containing four bedrooms and two bathrooms for a homebuyer at or below 80 percent of the area median income for Minnehaha county.
Development name: Heartland Heights Apartments II
Development location: 413 DeGeest Dr., Rapid City
Developer: Heartland Heights, LLC (The Club for Boys)
Housing Tax Credits approved: $673,000 ($5,754,150 in HTC equity)
HOME Funds approved: $1,000,000
Housing Trust Funds approved: $300,000
Development summary: The new construction of an apartment building containing 41 housing units for individuals and families at or below 60 percent of the area median income. There will be 18 one-bedroom units, 15 two-bedroom units and eight three-bedroom units. Rapid City Club for Boys will provide memberships and other services at the Club for residents.
Development name: Jefferson Village Apartments II
Development location: 4113 W. Innovation St., Sioux Falls
Developer: Y Housing V, LLC
Housing Tax Credits approved: $ 457,172 ($3,840,246 in HTC equity)
HOME Funds approved: $900,000
Development summary: The new construction of a three-story apartment building containing 29 housing units for individuals and families at or below 60 percent of the area median income. There will be nine one-bedroom units, 12 two-bedroom units and eight three-bedroom units. Sioux Falls Family YMCA will make services and programs available to tenants.
Development name: Kimball DakotaPlex
Development location: TBD, Kimball
Developer: HME Enterprises, LLC / SLH Holdings, LLC
Housing Opportunity Funds approved: $ 342,038
Community Housing Development Program funds approved: $410,000
Development summary: The new construction of six DakotaPlex units containing three bedrooms and two bathrooms. Two units will be for individuals and families at or below 115 percent of the area median income and four units will be for individuals and families at or below 120 percent of the area median income for Brule county. Each unit will have its own storage building.
Development name: Lacrosse Street Apartments
Development location: 121 N. Lacrosse St., Rapid City
Developer: CommonBond Communities
Housing Tax Credits approved: $673,000 ($5,922,400 in HTC equity)
HOME Funds approved: $1,000,000
Housing Trust Funds approved: $780,598
Development summary: The new construction of a three-story apartment building containing 42 housing units for individuals and families at or below 60 percent of the area median income. Twelve units will be market rate. There will be 16 one-bedroom units, 14 two-bedroom units and 12 three-bedroom units.
Development name: LifeScape Magnolia Home
Development location: 1403 S. Ebenezer Ave., Sioux Falls
Developer: South Dakota Achieve, Inc. dba LifeScape
Housing Trust Funds approved: $791,200
Housing Opportunity Funds approved: $146,500
Development summary: The new construction of a duplex apartment building containing eight housing units for young adults ages 18-24 with developmental, mental and/or behavioral disabilities at or below 30 percent of the area median income. There will be eight single room occupancy units.
Development name: Neveah House West
Development location: TBD, Rapid City
Developer: All About U Adoptions, Inc.
Housing Opportunity Funds approved: $146,500
Development summary: The new construction of a three-bedroom Governor’s House for expectant mothers that are homeless or facing homelessness and are clients of All About U Adoptions. The home will sit on a full basement with one bedroom, one bathroom, kitchen, living room, and some storage space for a full-time staff person/property manager to be able to live on the premises.
Development name: Northport Apartments
Development location: 749 Streeter Dr., North Sioux City
Developer: GLTC Partners, LLC
Housing Tax Credits approved: $334,071 ($2,705,977 in HTC equity)
Development summary: The reconstruction of an apartment building containing 21 housing units for individuals and families at or below 60 percent of the area median income. There will be 20 one-bedroom units, one two-bedroom units.
Program name: Sir Charles Housing, LLC
Program location: 120 E 3rd St., Yankton
Developer: Lewis & Clark Behavioral Health Services, Inc.
Housing Opportunity Funds approved: $342,500
Program summary: The rehab of an existing elevator in an apartment building containing 34 one-bedroom units for individuals and families receiving Section 8 Rental Assistance.
Program name: The Grove at Ellis Crossing
Program location: Intersection of 41st Street & Ellis Road, Sioux Falls
Developer: Empower Grove, LLC (Empower Sioux Falls)
Housing Tax Credits approved: $523,000 ($4,393,200 in HTC equity)
HOME Funds approved: $900,000
Program summary: The new construction of a three-story apartment building containing 35 housing units for individuals and families at or below 60 percent of the area median income. There will be 12 one-bedroom, 15 two-bedroom units and eight three-bedroom units.
Program name: Tripp Carpenter Villa 2021
Program location: 207 N. Carpenter St., Tripp
Developer: Tripp Economic Development Corporation
Housing Opportunity Funds approved: $115,000
Program summary: The new construction of a single-family home containing two bedrooms and one bathroom for a homebuyer at or below 115 percent of the area median income for Hutchinson county.
Program name: Cornerstone Rescue Mission Homelessness Prevention
Program location: 30 Main St., Rapid City
Developer: Cornerstone Rescue Mission
Housing Opportunity Funds approved: $53,350
Program summary: Funding for homelessness prevention activities that will assist an estimated 20 households at or below 50 percent of the area median income.
Program name: GROW South Dakota – Rural Downpayment and Closing Cost Assistance Program
Program location: Rural South Dakota
Developer: GROW South Dakota
Housing Opportunity Funds approved: $125,400
Program summary: Funding for homebuyer assistance that will assist an estimated 23 homebuyers at or below 115 percent of the area median income for the respective county.
Program name: GROW South Dakota – Urban Downpayment and Closing Cost Assistance Program
Program location: Sioux Falls and Rapid City
Developer: GROW South Dakota
Housing Opportunity Funds approved: $53,350
Program summary: Funding for homebuyer assistance that will assist an estimated ten homebuyers at or below 115 percent of the area median income for the respective county.
Development name: Homes Are Possible, Inc. 2021 Homebuyer Assistance
Development location: Central and Northeast South Dakota
Developer: Homes Are Possible, Inc. (HAPI)
Housing Opportunity Funds approved: $115,500
Development summary: Funding for homebuyer assistance that will assist an estimated 21 homebuyers at or below 80 percent of the area median income for the respective county.
Program name: Inter-Lakes Community Action Partnership – Urban ESG Grant Match Program
Program location: Sioux Falls
Developer: Inter-Lakes Community Action Partnership
Housing Opportunity Funds approved: $53,350
Program summary: Funding for homelessness prevention activities that will assist an estimated eight households at or below 30 percent of the area median income for the respective county.
Program name: Inter-Lakes Community Action Partnership – Owner Occupied Housing Rehab Program
Program location: Scattered sites in Eastern South Dakota
Developer: Inter-Lakes Community Action Partnership
Housing Opportunity Funds approved: $125,400
Program summary: Funding for a homeowner rehabilitation program that will assist an estimated ten homeowners at or below 50 percent of the area median income for the respective county.
Development name: Northeast South Dakota Community Action Partnership Home Improvement Forgivable Loan Program
Development location: Scattered sites in Eastern and South Central South Dakota
Developer: Northeast South Dakota Community Action Partnership (NESDCAP)
Housing Opportunity Funds approved: $125,400
Development summary: Funding for a homeowner rehabilitation program that will assist an estimated nine homeowners at or below 80 percent of the area median income for the respective county.
Development name: Neighborhood Lending Services, Inc. Down Payment/ Closing Costs Assistance – Rural
Development location: Scattered sites in Western South Dakota
Developer: Neighborhood Lending Services, Inc.
Housing Opportunity Funds approved: $117,656
Development summary: Funding for homebuyer assistance that will assist an estimated 21 homebuyers at or below 115 percent of the area median income for the respective county.
Development name: Neighborhood Lending Services, Inc. Down Payment/ Closing Costs Assistance – Urban
Development location: Rapid City
Developer: Neighborhood Lending Services, Inc.
Housing Opportunity Funds approved: $53,350
Development summary: Funding for homebuyer assistance that will assist an estimated nine homebuyers at or below 115 percent of the area median income.
Program name: NeighborWorks® Dakota Home Resources Homeowner Rehab Program 2021 – Urban
Program location: Scattered sites in western South Dakota
Developer: NeighborWorks® Dakota Home Resources
Housing Opportunity Funds approved: $42,377
Program summary: Funding for a homeowner rehabilitation program that will assist an estimated four homeowners at or below 80 percent of the area median income for the respective county.
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South Dakota Housing Development Authority (SDHDA) was created by the South Dakota Legislature in 1973 with a stated mission to provide decent, safe, and affordable housing to low and moderate income South Dakotans. SDHDA is a self-supporting, nonprofit entity. SDHDA utilizes housing bonds, tax credits, and other federal and state resources to fund housing programs which provide mortgage and downpayment assistance, housing construction and rehabilitation, homelessness prevention, and rental assistance. SDHDA does not discriminate against any person because of race, color, creed, religion, sex, disability, familial status or national origin. For more information, visit www.sdhda.org.
The South Dakota Housing Development Authority…Building a Better Quality of Life.
