SDH Awards $19.9 Million for HIP and HOF Programs

PIERRE, S.D. – (11.14.23) South Dakota Housing’s Board of Commissioners today awarded $19.2 million Housing Infrastructure Financing Program (HIFP) funds to assist with 19 housing infrastructure projects and $700,000 Housing Opportunity Fund (HOF) funds to assist with eight affordable housing programs.

Both administered by South Dakota Housing, the Housing Infrastructure Financing Program was created for the purpose of making loans and grants for housing infrastructure projects. The Housing Opportunity Fund was created to be used for new construction or the purchase and rehabilitation of rental or homeownership housing, housing preservation, including home repair grants and grants to make homes more accessible to individual with disabilities, homelessness prevention activities, and community land trusts.

Below is information regarding funded recipients:

Housing Infrastructure Financing Program

Development name: Aurora’s Addition
Development location: East Madison and North La Mesa Drive, Sioux Falls
Developer: South Eastern Development Foundation (SEDF)
HIFP ARPA Grant Funds approved: $746,701
Development summary: The project consists of infrastructure development for 55 single family lots.

Development name: Bak Property Housing Development
Development location: 1100 N. 3rd St., Beresford
Developer: City of Beresford
HIFP General Grant Funds approved: $1,023,833
Development summary: The project consists of infrastructure development for 59 single family lots.

Development name: Briggs Development
Development location: Lots 1-16 Briggs Addition, Plankinton
Developer: Briggs Properties, LLC
HIFP General Grant Funds approved: $209,701
Development summary: The project consists of infrastructure development for 16 single family lots.

Development name: Freedom Estates
Development location: Box Elder
Developer: Magic Mountain, LLC
HIFP General Grant Funds approved: $808,869
Development summary: The project consists of infrastructure development for 68 single family lots.

Development name: Greater Huron Cul-De-Sac
Development location: Ohio Ave. NW and 18th St. NW, Huron
Developer: Greater Huron Development Corporation
HIFP General Grant Funds approved: $269,667
Development summary: The project consists of infrastructure development for 13 single family lots.

Development name: HAPI 2nd North Subdivision
Development location: HAPI 2nd North Subdivision, Aberdeen
Developer: Homes Are Possible, Inc.
HIFP General Grant Funds approved: $1,521,187
Development summary: The project consists of infrastructure development for 66 single family lots.

Development name: Harmony Hill Development, Challenger Way – West
Development location: 110 28th Ave. SE, Watertown
Developer: Mother of God Monastery – Benedictine Sisters of Watertown
HIFP General Grant Funds approved: $1,411,226
Development summary: The project consists of infrastructure development of 28 acres to support the development of 177 single family lots and 160 multifamily units of affordable housing. 

Development name: Harvest Pointe Development Project
Development location: 1171 Broadway Street, Centerville
Developer: Centerville Economic Development Corporation (CEDC)
HIFP General Grant Funds approved: $483,968
Development summary: The project consists of infrastructure development for 18 single family lots and four twin home lots for a total of 26 dwellings. 

Development name: Jack Powell Addition Development
Development location: Baylor St & James St, Vermillion
Developer: City of Vermillion
HIFP General Grant Funds approved: $1,418,344
Development summary: The project consists of infrastructure development for 13 single family lots and four multifamily lots that will provide 110 multifamily housing units.

Development name: The Lakes of Willow Creek 2nd Addition
Development location: Between 28th St. NE and 3rd Ave. NE, Watertown
Developer: J & J Land Sales, LLC
HIFP General Grant Funds approved: $1,342,139
Development summary: The project consists of infrastructure development for 74 single family lots.

Development name: Liberty Park – Phase 4
Development location: Box Elder
Developer: Jaennis, LLC
HIFP General Loan Funds approved: $533,220
Development summary: The project consists of infrastructure development for 24 single family lots and one multifamily lot that will provide 51 multifamily housing units.

Development name: Northern Lights Subdivision – Phase 5
Development location: TBD Denali Drive, Box Elder
Developer: Northern Lights Community, LLC
HIFP General Loan Funds approved: $517,254
Development summary: The project consists of infrastructure development for 23 lots for single family and 30 multifamily units.

Development name: PEDCO Properties
Development location: Harrison Ave. to Polk Ave., South of Park St., including Sully St., Pierre
Developer: Pierre Economic Development Corporation (PEDCO)
HIFP General Grant Funds approved: $457,433
Development summary: The project consists of infrastructure development of 32 single family lots.

Development name: Project Monarch: Monarch Village Subdivision
Development location: 440 N. Hiawatha Drive, Canton
Developer: Canton Economic Development Corporation (CEDC)
HIFP ARPA Grant Funds approved: $3,353,730
HIFP General Grant Funds approved: $368,669
Development summary: The project consists of infrastructure development for 82 single family lots and multifamily lots for approximately 200 condominium/high density homeownership units.

Development name: Ridgeview on Foster Housing Development
Development location: TBD Foster St. and East 8th Ave., Mitchell
Developer: Mitchell Area Development Corporation
HIFP General Grant Funds approved: $1,026,000
Development summary: The project consists of infrastructure development for 54 single family lots.

Development name: Rustler Lot
Development location: Miller
Developer: On Hand Development Corporation (OHDC)
HIFP General Grant Funds approved: $178,790
Development summary: The project consists of infrastructure development for 12 single family lots.

Development name: SEDC Residential Development
Development location: 500 N. Colonial Drive, Salem
Developer: Salem Economic Development Corporation
HIFP ARPA Grant Funds approved: $663,000
HIFP General Grant Funds approved: $92,000
Development summary: The project consists of infrastructure development for 27 single family lots and two lots for two 4-unit multifamily buildings resulting in eight multifamily units. 

Development name: Union Cross Development – Phase 1
Development location: North Sioux City
Developer: PBR Capital Group, LLC
HIFP General Grant Funds approved: $2,707,580
Development summary: The project consists of infrastructure development to accomdate 136 homes, which will include 56 single family homes, 18 triplexes, six fourplexes, and one duplex.

Development name: WEDC Housing Lots Project
Development location: West 4th Street, Worthing
Developer: Worthing Economic Development Corporation (WEDC)
HIFP General Grant Funds approved: $70,927
Development summary: The project consists of infrastructure development for three single family lots.

Housing Opportunity Fund
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: $123,750
Program summary: Funding for homebuyer assistance that will assist an estimated 12 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: $52,800
Program summary: Funding for homebuyer assistance that will assist an estimated 5 homebuyers at or below 115 percent of the area median income for the respective county.

Program name: Mitchell Area Housing, Inc. (MAHI), Homeowner Rehabilitation Program
Program location: Mitchell
Developer: Mitchell Area Housing, Inc.
Housing Opportunity Funds approved: $123,750
Program summary: Funding for a homeowner rehabilitation program that will assist seven homeowners at or below 80 percent of the area median income for Mitchell.

Program name: NESDCAP Home Improvement Forgivable Loan Program
Program location: Various sites in Eastern and South Central South Dakota
Developer: Northeast South Dakota Community Action Partnership (NESDCAP)
Housing Opportunity Funds approved: $123,750
Program summary: Funding for a homeowner rehabilitation program that will assist an estimated eight homeowners at or below 80 percent of the area median income for the respective county.

Program name: Nevaeh House
Program location: Nevaeh House, Sioux Falls
Developer: All About U Adoptions, Inc.
Housing Opportunity Funds approved: $18,837
Program summary: Funding for homelessness prevention activities that will assist expecting mothers choosing adoption at or below 30 percent of the area median income.

Program name: NLS Rural Down Payment/Closing Costs Assistance Program
Program location: Scattered sites in Western South Dakota
Developer: Neighborhood Lending Services, Inc.
Housing Opportunity Funds approved: $87,862
Program summary: Funding for homebuyer assistance that will assist an estimated 14 homebuyers at or below 115 percent of the area median income for the respective county.

Program name: NLS Urban Down Payment/Closing Costs Assistance Program
Program location: Rapid City
Developer: Neighborhood Lending Services, Inc.
Housing Opportunity Funds approved: $52,800
Program summary: Funding for a homeowner rehabilitation program that will assist an estimated six homeowners at or below 80 percent of the area median income for Rapid City.

Program name: NeighborWorks Dakota Home Resources Homeowner Rural Rehab Program
Program location: Sites located throughout Western South Dakota
Developer: NeighborWorks Dakota Home Resources
Housing Opportunity Funds approved: $123,750
Program summary: Funding for a homeowner rehabilitation program that will assist an estimated 16 homeowners at or below 80 percent of the area median income for the respective county.

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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.