State Programs Supporting Local Housing Needs with Amy Eldridge
In the latest episode of The Housing Connection, Amy Eldridge, Director of Rental Housing Development at South Dakota Housing, discusses the Housing Opportunity Fund (HOF).
The South Dakota Legislature created HOF in 2013. This state program aims to promote economic development. It focuses on meeting affordable housing needs across the state.
Flexibility for Local Impact
The HOF program is known for its flexibility. It provides money for different activities. These include building new homes, repairing rental and single-family houses, helping with downpayments, and stopping homelessness. With options like 0% interest loans and forgivable loans, HOF adapts to the unique needs of each project and community.
Supporting Workforce Housing
HOF helps individuals and families that earn up to 115% of the area's median income. It focuses on workforce housing for professionals, such as teachers and healthcare workers. This flexibility helps communities recruit and retain talent.
Success Stories Across the State
From new rental duplexes in Canistota to rehabilitation projects in Centerville, HOF has enabled transformative projects in rural South Dakota. These initiatives address critical housing shortages while supporting local developers and communities.
Episode Mentions
About Amy Eldridge
Amy Eldridge is the Director of Rental Housing Development at South Dakota Housing, where she plays a vital role in expanding affordable housing opportunities across the state. With extensive experience in housing policy and program management, Amy oversees key initiatives such as the Housing Opportunity Fund, Low-Income Housing Tax Credits, and the Housing Infrastructure Financing Program. Her expertise helps communities identify and implement innovative solutions to address housing shortages, support workforce housing, and improve overall housing accessibility.