SDH Awards $29.8 Million for Affordable Housing in SD

PIERRE, S.D. – (12.12.23) South Dakota Housing’s Board of Commissioners today awarded nearly $30 million to assist South Dakotans with newly constructed multifamily housing, single family housing, multifamily rehabilitation, and housing infrastructure.

The developments will receive $18.8 million in Housing Infrastructure Financing, $3.32 million in Housing Tax Credits, $4.49 million in HOME Investment Partnership Program funds, $859 thousand in Housing Opportunity Funds and $2.29 million in Housing Trust Funds.

The 26 developments funded will provide South Dakotans with 127 newly constructed multifamily housing units, 25 newly constructed single family housing units for rental, 72 rehabbed multifamily units and 8 new single-family homes. In addition, the developments will provide infrastructure development for an estimated 2,815 single family lots and 1,449 multifamily units.

“With the addition of Housing Infrastructure Financing Program, this was a record amount of funding awarded for affordable housing and will have a significant impact on South Dakota’s housing landscape in the future,” said Executive Director Chas Olson.

“The developments funded will result in over $116 million in total development costs, creating, preserving and strengthening South Dakota’s affordable housing stock,” said Scott Erickson, SD Housing’s board chairman. “The affordable housing units will help low-income families, elderly residents, and individuals with disabilities with an affordable place to call home.”

Below is information regarding funded recipients:

Housing Infrastructure Financing Program

Development name: 143rd Avenue and Country Road Trunk Sewer Extension
Development location: Rapid City
Developer: City of Rapid City
HIFP General Grant Funds approved: $3,317,984
Development summary: The project consists of the expansion of the sanitary sewer and replacement of the Country Road Lift Station, which will provide capacity for approximately 2,100 single family lots.

Development name: 41st and Ellis Project
Development location: SW 41st Street and Ellis Road, Sioux Falls
Developer: C. R. Lloyd Associates, Inc.
HIFP General Grant Funds approved: $1,928,566
Development summary: The project consists of infrastructure development for 390 multifamily units.

Development name: Armour’s East Development
Development location: 1304 2nd Street, Armour
Developer: City of Armour
HIFP General Grant Funds approved: $675,000
Development summary: The project consists of infrastructure development for 27 single family lots.

Development name: Aspen Ridge
Development location: Brandon
Developer: Aspen Ridge, LLC
HIFP General Loan Funds approved: $6,107,567
Development summary: The project consists of infrastructure development for 277 single family lots and 145 multifamily units.

Development name: Gurney Flats Apartments
Development location: Yankton
Developer: Stencil Group II, LLC
HIFP General Grant Funds approved: $531,967
Development summary: The project consists of infrastructure development for 104 multifamily units.

Development name: Hill Street Apartments
Development location: Spearfish
Developer: Stencil Group, LLC
HIFP ARPA Grant Funds approved: $941,283
HIFP General Grant Funds approved: $1,158,717
Development summary: The project consists of infrastructure development for 210 multifamily units.

Development name: JAG Development, LLC
Development location: Adams Dr. and Jefferson Dr., Milbank
Developer: JAG Development, LLC
HIFP General Grant Funds approved: $825,000
Development summary: The project consists of infrastructure development for 33 single family lots.

Development name: Kimball West Curb & Gutter
Development location: S Babcock St.; W 1st, 2nd, 3rd St.; N Pazour St; W Railroad St., Kimball
Developer: Kimball West LTD, LLC
HIFP General Grant Funds approved: $171,892
Development summary: The project consists of infrastructure development for 13 single family lots.

Development name: Marquette Twinhomes
Development location: 709 N Marquette Ave, Sioux Falls
Developer: Glammeier Enterprises, LLC
HIFP General Grant Funds approved: $136,830
Development summary: The project consists of infrastructure development for 14 single family lots.

Development name: Milbank Hunt Addition – Phase 1
Development location: Northridge Ave., Milbank
Developer: JanMark, LLC
HIFP General Grant Funds approved: $753,007
Development summary: The project consists of infrastructure development for 32 single family lots.

Development name: Shepherd Hills North Valley Drive Extension
Development location: Rapid City
Developer: Yasmeen Dream, LLC
HIFP General Grant Funds approved: $2,283,356
Development summary: The project consists of infrastructure development for 319 single family lots and 600 multifamily units. 

Housing Tax Credit, HOME, Housing Trust Fund, and Housing Opportunity Fund Programs

Development name: Blackstone Flats Apartments
Development location: North Valley Park Subdivision, Rapid City
Developer: Blackstone Flats Apartment, LP
Housing Tax Credits approved: $685,000 ($5,617,000 in HTC equity)
HOME Funds approved: $1,000,000
Housing Trust Funds approved: $600,000
Development 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 10 one-bedroom units, 17 two-bedroom units, and eight three-bedroom units.

Development name: Brookings Area HFH Homeownership
Development location: TBD Silver Creek Circle, Madison
Developer: Brookings Area Habitat for Humanity
Housing Opportunity Funds approved: $85,000
Development summary: The new construction of a single family home containing four bedrooms, two bathrooms and a two-stall garage for a homebuyer at or below 50 percent of the area median income for Lake county.

Development name: Copper Flats Apartments
Development location: TBD South Capital Street, Mitchell
Developer: Copper Flats, LLC
Housing Tax Credits approved: $648,000 ($5,313,600 in HTC equity)
HOME Funds approved: $1,000,000
Housing Trust Funds approved: $600,000
Development 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 10 one-bedroom units, 17 two-bedroom units, and eight three-bedroom units.

Development name: East 71st St. N. Single Family Homes
Development location: 1700 and 1704 E. 71st Street N., Sioux Falls
Developer: Habitat for Humanity of Greater Sioux Falls
Housing Opportunity Funds approved: $150,000
Development summary: The new construction of two single family homes for homebuyers at or below 80 percent of the area median income for Minnehaha county. One home will be four bedrooms, two bathrooms and a two-stall garage and the other will be five bedrooms, two bathrooms and a two-stall garage.

Development name: Foss Flats Senior Living
Development location: 1000 S. Foss Avenue, Sioux Falls
Developer: TRK Development, Inc
Housing Tax Credits approved: $685,000 ($5,617,000 in HTC equity)
HOME funds approved: $1,000,000
Housing Trust Funds approved: $597,608
Development summary: The new construction of a three-story apartment building containing 49 housing units for individuals ages 55+ at or below 60 percent of the area median income. There will be 23 one-bedroom units and 26 two-bedroom units.

Development name: H47 Bliss Pointe Vermillion
Development location: 1206 Rockwell Street, Vermillion
Developer: Habitat for Humanity of Clay and Yankton Counties
Housing Opportunity Funds approved: $98,000
Development summary: The new construction of a single family home on an unfinished basement containing three bedrooms and one bathroom for a homebuyer at or below 80 percent of the area median income for Clay county.

Development name: Halley Ave Homeownership Project
Development location: TBD Halley Avenue, Rapid City
Developer: Black Hills Area Habitat for Humanity
Housing Opportunity Funds approved: $80,000
Development summary: The new construction of a single family home containing four bedrooms and two bathrooms for a homebuyer at or below 80 percent of the area median income for Pennington county.

Development name: Hub Area Habitat for Humanity Home Build
Development location: 1726 Ward Drive, Aberdeen
Developer: Hub Area Habitat for Humanity
Housing Opportunity Funds approved: $110,000
Development summary: The new construction of a three-bedroom, two bathroom Governor’s House for homebuyers at or below 70 percent of the state median income for a one- or two-person household or at or below 80 percent of the state median income for a three- or more person household. The home will have a finished basement with two additional bedrooms and a bathroom and a two-stall garage.

Development name: ICAP Community Commons
Development location: 409 N. Western Avenue, Sioux Falls
Developer: Inter-Lakes Community Action Partnership
Housing Opportunity Funds approved: $150,000
Development summary: Additional funding for the rehab of the heating and cooling system ductwork to meet current fire code requirements in a non-congregate shelter building containing ten units for individuals and families.

Development name: LifeScape Washington Home
Development location: 1203 N. Willow Creek Avenue, Sioux Falls
Developer: South Dakota Achieve Inc, dba LifeScape
HOME Funds approved: $494,400
Housing Trust Funds approved: $494,400
Development summary: The new construction of a duplex apartment building containing eight single room occupancy units for young adults ages 18-24 with developmental, mental and/or behavioral disabilities at or below 50 percent of the area median income.

Development name: Mary’s Heights Apartments
Development location: TBD Challenger Way, Watertown
Developer: St. Joseph Catholic Housing
Additional Housing Tax Credits approved: $177,015 ($1,593,135 in HTC equity)
Development summary: Additional funding needed due to funding source changes for the new construction of a three-story apartment building containing 39 housing units for individuals and families at or below 80 percent of the area median income. There will be 19 one-bedroom units, 12 two-bedroom units and eight three-bedroom units.  

Development name: Murdo Double Governor’s House Project
Development location: TBD, Murdo
Developer: Murdo Development Corporation
Housing Opportunity Funds approved: $186,000
Development summary: The development of two Governor’s Houses – each consisting of three-bedroom, two-bathrooms – for homebuyers at or below 70 percent of the state median income for a one- or two-person household or at or below 80 percent of the state median income for a three- or more person household. The homes will be on unfinished basements.

Development name: OLHA SD LIHTC #1
Development location: SD Highway 18 and Emma Street, Martin
Developer: Oglala Lakota Housing Authority
Housing Tax Credits approved: $684,932 ($5,479,455 in HTC equity)
HOME funds approved: $1,000,000
Development summary: The new construction of 25 single family homes containing a carport and storage shed for tenants at or below 60 percent of the area median income for Bennett county. There will be nine one-bedroom homes, eight two-bedroom homes and eight three-bedroom homes.

Development name: Tanglewood Apartments, Bluff Edge Apartments, Rolling Hills Apartments
Development location: Tanglewood – 2116 7th Avenue, Belle Fourche
Bluffs Edge – 2630 Cottontail Drive, Sturgis
Rolling Hills – 727 South 34th Street, Spearfish
Developer: MetroPlains Development Partners, LLC
Housing Tax Credits approved: $435,193 ($3,568,580 in HTC equity)
Development summary: The acquisition and rehab of three separate apartment buildings containing 72 housing units for individuals and families at or below 60 percent of the area median income. There are eight one-bedroom units, 46 two-bedroom units, and 18 three-bedroom units.

###

About South Dakota Housing:

South Dakota Housing Development Authority was created by the South Dakota Legislature in 1973 with a stated mission to provide opportunities for quality, affordable housing for South Dakotans. SD Housing is a self-supporting, nonprofit entity known for its commitment for providing innovative financing solutions to create and preserve affordable housing. SD Housing 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, rental assistance, and educational opportunities.