Housing Infrastructure Financing Program
SD Housing / Develop Housing / Housing Infrastructure Financing Program
On February 1, 2023, the Housing Infrastructure Fund was created to be administered by South Dakota Housing for the purpose of making loans and grants for housing infrastructure projects. Public housing infrastructure projects comprise of public streets, roads, curb, gutter, stormwater system, sanitary sewer water system, water distribution system, lift station, etc. Please see the Housing Infrastructure Financing Program (HIFP) Administrative Rules below for further program guidance.
South Dakota Housing began accepting applications for the Housing Infrastructure Financing Program on July 24, 2023. Applications are reviewed on a first come, first served basis. Applicants must submit applications through the application portal. Instructions on how to access the portal can be found at Application Submission page.
If your application has already been approved by the Board of Commissioners, please use the Supporting Documents Upload Page to upload your documents requested by the Conditional Commitment letter.
Effective July 24, 2023 and until further notice, the current interest rate for HIFP loans is 2%. Please be advised that per the HIFP Administrative Rules, maturity of a loan may not be more than ten years from the date of loan closing with payments amortized over not more than twenty-five years.
Please refer to the Applications Received to Date spreadsheet to determine available funding.
SD Housing staff are actively reviewing applications. Each application is carefully vetted for approval, though approved projects may not always receive the full amount requested. If a project is awarded less than requested or is not approved, and funds later become available, SD Housing will update the spreadsheet with a waiting list. SD Housing will continue accepting applications for HIFP projects as long as funds are available. Applications added to the waiting list will be evaluated in the order they are received.
Administrative Rule 20:09:06:26 | South Dakota Legislature (sdlegislature.gov)
PowerPoint Presentation
HIFP Application Training Video
HIFP Application - (Fillable)
Exhibit 2 - Market Study Needs Criteria
Exhibit 6 - Political Subdivision Resolution Template
Exhibit 7 - Application Summary
Corporate Resolution Template
Sample Data SLFRF Reporting Tool
SDH’s Risk Assessment Tool - ARPA
TIF Rental Limits
Active Projects - as of 10.17.24
Projects Awarded - as of 10.17.24
Application Submission Page
After Board Approval, Supporting Documents Upload Page