State housing agency awards grants

Brookings Area Habitat for Humanity Facebook photo: Brookings Area Habitat for Humanity and G. A. Haan Development have received funding from the South Dakota Housing Development Authority for housing projects in the area.

PIERRE – South Dakota Housing Development Authority’s (SDHDA) Board of Commissioners recently awarded more than $12 million to assist South Dakotans with newly constructed multifamily housing, single family housing, homebuyer assistance, homeowner rehabilitation, and homelessness prevention.

The developments will receive $3.7 million in Housing Tax Credits, $4.6 million in HOME Investment Partnership Program funds, $1.5 million in Housing Opportunity Funds and $2.4 million in Housing Trust Funds.

The 20 projects funded will provide South Dakotans with 273 newly constructed and 16 rehabilitated multifamily housing units and four single-family homes. 

The approved funding will provide downpayment assistance for 61 households, homeowner rehabilitation for 28 homeowners and provide services and financial support for 14 households who are homeless or at risk of becoming homeless.

“Funding is awarded annually to developers through a highly competitive application process,” said Executive Director Mark Lauseng. “This year was no exception, with 31 applications received requesting more than $18 million.”

“The developments funded will result in over $51 million in total development costs, preserving and strengthening South Dakota’s affordable housing stock,” said David Pummel, SDHDA board chairman. “The affordable housing units will help low-income families, elderly residents, individuals with disabilities and homeless citizens with a place to call home.”

Area organizations to receive funds:

• Development name: Edgebrook Townhomes

Development location: TBD Ace Ave., Brookings

Developer: G.A. Haan Development, LLC

Housing Tax Credits reserved: $678,181 ($5,764,539 in HTC equity)

HOME Funds reserved: $1,000,000

Development summary: The new construction of four apartment buildings containing 40 housing units for individuals and families at or below 80 percent of the area median income. 

There will be 20 two-bedroom units and 23-bedroom units.

 Development name: Habitat for Humanity Brookings Area – Brookings/Aurora Homes

Development location: 311 Eighth Ave., Brookings; 418 Walnut, Aurora

Developer: Brookings Area Habitat for Humanity

Housing Opportunity Funds committed: $149,900

Development summary: The new construction of two single-family homes. The Brookings home will contain two bedrooms and one bathroom for a homebuyer at or below 80 percent of the area median income for Brookings County. The Aurora home will be a multigenerational home with five bedrooms and two bathrooms for a family at or below 80 percent of the area median income for Brookings county.

 Program name: GROW South Dakota – Rural Downpayment and Closing Cost Assistance Program

Program location: Rural South Dakota

Developer: GROW South Dakota

Housing Opportunity Funds committed: $126,075

Program summary: Funding for homebuyer assistance that will assist an estimated 24 persons at or below 115 percent of the area median income for the respective county.

 Program name: Inter-Lakes Community Action Partnership – Rural ESG Grant Match Program

Program location: Scattered sites in eastern South Dakota

Developer: Inter-Lakes Community Action Partnership

Housing Opportunity Funds committed: $48,950

Program summary: Funding for homelessness prevention activities that will assist an estimated seven persons at or below 30 percent of the area median income for the respective county

• Program name: Inter-Lakes Community Action Partnership – Owner Occupied Housing Rehab Program

Program location: Scattered sites in eastern South Dakota

Developer: Inter-Lakes Community Action Partnership

Housing Opportunity Funds committed: $114,000

Program summary: Funding for a homeowner rehabilitation program that will assist an estimated nine persons at or below 50 percent of the area median income and four persons at or below 30 percent of the area median income for the respective county.

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