How to Qualify for the Governor's House Program in SD
Owning a home is a dream for many South Dakota residents, and the Governor’s House Program makes that dream possible. With affordable, energy-efficient homes designed for low- to moderate-income families, this program helps people across the state find a place they can call home.
Over 3,300 homes have been sold since the program began, providing stability and independence to many.
Here, we’ll walk through the qualifications needed to purchase a Governor’s House and explain how you can take the next steps toward homeownership. If you’re ready to find an affordable housing solution, the Governor’s House Program may be just what you’ve been looking for.
Key Takeaways
Income Limits: To qualify, your household income must meet the program's guidelines.
Eligibility: You must have a net worth below the limit and use the home as your primary residence in South Dakota.
Affordable Homes: Governor’s House offers two- and three-bedroom homes at budget-friendly prices.
Daycare Facilities: The program also provides daycare facilities for communities of 5,000 or less.
What is the Governor’s House Program?
The Governor’s House Program, provided by South Dakota Housing, offers affordable, energy-efficient homes to individuals and families who qualify based on income. Since its launch in 1996, over 3,300 homes have been sold across the state, opening the door to homeownership for many.
These homes are low-maintenance and budget-friendly, making them a great choice for first-time buyers, seniors, and people with disabilities.
Each home is built with high-quality materials and energy-efficient features, helping to keep utility costs manageable. Buyers can choose between two- and three-bedroom models, which are built to last. The program makes it easier for those who might struggle to buy a home through traditional means.
The Governor’s House Program mostly benefits smaller communities by offering affordable housing options that bring stability to local areas. It plays a key role in expanding opportunities for residents, while also supporting local economies.
To learn more about how this program impacts communities, take a look at How the Governor's House Program Supports SD Neighborhoods.
Who Qualifies for the Governor’s House Program?
The Governor’s House Program aims to make homeownership affordable for individuals and families with low to moderate incomes. To qualify, applicants need to meet specific income, asset, and residency criteria.
Income Limits: For households of one or two people, the total annual income must be $66,570 or less. For households of three or more, the income limit is $76,080.
Asset Limits: Applicants younger than 62 must have a net worth of $125,000 or less, with no more than $105,000 in liquid assets. Those aged 62 or older can have a net worth of up to $250,000, with liquid assets capped at $140,000.
Understanding Net Worth and Assets: When applying, you’ll need to show that your net worth (the value of everything you own) is below certain limits. For people under 62, this is $125,000, and for those 62 or older, it’s $250,000.
Beyond income and asset limits, there are a few more important rules to qualify for the Governor’s House Program.
Home Placement in South Dakota: The home you purchase must be placed within the state of South Dakota, but there’s a caveat—you can’t place the house in larger cities like Sioux Falls, Rapid City, Aberdeen, or Watertown. This rule helps bring more affordable housing options to smaller communities and rural areas.
Three-Year Rule for Selling the Home: If you decide to sell your Governor’s House, you must live in it for at least three years before you can sell it at a price higher than what you paid. If you sell before the three years are up, you’re only allowed to sell it for the cost of your initial investment.
These extra rules are in place to make sure the program benefits those who need affordable housing the most. If you’re unsure about whether you qualify, it’s best to reach out to your area representative for guidance and next steps.
If you meet these qualifications, reach out to your area representative to explore your options for homeownership through the Governor’s House Program.
So You Qualify, What Now?
Once you qualify, owning a Governor’s House can be an exciting step toward your affordable home. You’ll be choosing between a two-bedroom model or a three-bedroom model, both packed with modern features and designed with energy efficiency in mind.
Want a better feel for the space? Check out the floor plans or take a virtual tour to see exactly what your future home could look like.
These homes aren’t just affordable; they’re smartly built with features that make everyday living easy. Think vinyl siding, energy-efficient windows, and an air-source heat pump that keeps your home comfortable in every season.
Inside, you’ll find oak kitchen and bathroom cabinets, durable sheetrock walls, and architectural shingles on the roof that can stand up to South Dakota’s weather.
Read more about how these houses are made to provide all of these benefits.
Beyond picking out your home, there are a few things you’ll need to get in place:
Find a Lot: Your Governor’s House will need a lot to call home. Whether you already own land or need to secure a spot, the lot has to be within South Dakota.
Foundation and Hookups: You’ll handle the foundation and get utilities like water and electricity connected. Our team will deliver and place your new home.
Finish with Flooring and Appliances: Once placed, the home comes with solid structure and cabinetry, but you’ll get to choose your own flooring and appliances to complete your space.
Keep in mind that due to demand, your home will be ready for delivery in about 24 months. But once it arrives, you’ll have a comfortable, low-maintenance home ready for years to come.
Reach out to your area representative to start the process and get more details.
Qualify and Apply for the Governor's Daycare Facility
The Governor’s Daycare Facility program started in 1997 and helps build low-cost daycare centers for different communities. Licensed providers or non-profits have used this program to support over 70 communities by improving access to childcare. Learn more about the program and qualifications to apply.
Hear more about how this program is expanding housing and childcare options in towns like Lemmon, SD, check out our podcast episode with Cathy Evans.
Conclusion
If you meet the qualifications for the Governor’s House Program or the Daycare Facility, now is the time to apply. These programs provide affordable, energy-efficient solutions for both homeownership and daycare needs in South Dakota.
To learn more, review the program brochure for additional details.
Ready to get started? Contact your area representative or a participating lender today to begin your journey toward homeownership or setting up a daycare.
