This Homebuyer Assistance Policy and Procedure Manual must be adhered to for all SDHDA programs administered through the Rental Housing Development Department, including the current programs of HOME, Housing Opportunity Fund, Neighborhood Stabilization Program, and any future funding that may become available.

The objective of the Governor’s House Homebuyer Program is based on the needs identified by the South Dakota Housing Development Authority (SDHDA), SDHDA will provide gap financing for low-income homebuyers approved for financing the purchase of a Governor’s House. The available financing is for filling the gap between what the borrower can repay and the cost of the home.