SD Housing Tax Credit (MCC) Brochure

The SD Housing 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. That is cash in your pocket! 

With SD Housing’s Tax Credit, 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. 

The SD Housing Tax Credit is an option with the First-Time Homebuyer Program. You should discuss this and other interest rate options with a Participating Lender to see which is the best product for you.