Applications for Housing Opportunity Fund Being Accepted
South Dakota Housing is inviting developers to submit applications for funding from the Housing Opportunity Fund (HOF) program.
Any for-profit or nonprofit entity, tribal government, housing authority, political subdivision of South Dakota or agency of South Dakota is eligible to apply for funding.
The Housing Opportunity Fund may be used for new construction, rehabilitation, or the purchase and rehabilitation of rental or homeownership housing. Due to limited funding availability, SD Housing is not accepting applications for programs during this open application cycle.
The Housing Opportunity Fund program allocation plan and application form can be found at the links below. Please refer to the website for HOF funding limitations. Complete applications will be accepted starting Monday, April 17, 2023, and must be received by SD Housing no later than Friday, June 30, at 5:00 p.m. CST.
Funding will be available on a first come, first served basis. For more information on the Housing Opportunity Fund, please contact Amy Eldridge, Housing Development Officer, at 605.773.3181 or amy@sdhda.org.
HOF Application
About South Dakota Housing
South Dakota Housing was created by the South Dakota Legislature in 1973 with a stated mission to provide opportunities for quality, affordable housing for South Dakotans. South Dakota Housing is a self-supporting, nonprofit entity known for our commitment for providing innovative financing solutions to create and preserve affordable housing. South Dakota 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.
For more information:
Lorraine Polak, Executive Director, SD Housing, 605.773.3181