South Dakota Housing awards $13 million statewide to affordable housing projects
The South Dakota Housing Development Authority has awarded more than $13 million to a collection of housing projects and programs throughout the state, according to a press release.
A number of the recipients are Sioux Falls-based, including a three-story apartment building planned for construction near 41st Street and Ellis Road called FortyOne Flats that would consist of 41 housing units for individuals and families at or below 60% of the area's median income.
The project was approved for $600,000 in housing tax credits, $600,000 in housing trust funds and $1 million in funds from the HOME Investment Partnership Program.
The Glory House also received funds to aid the construction of a four-story apartment building at 1620 West 51st Street that would also be targeted at individuals at or below 60% of the area's median income, as well as those who had previously been incarcerated.
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Habitat for Humanity of Greater Sioux Falls also received funds to assist with the construction of several homes, and the South Eastern Development Foundation will receive assistance with the construction of 10 new Governor's Houses.
Other recipients across South Dakota include funding for St. Joseph Catholic Housing to construct a three-story apartment building in Watertown for individuals or families at or below 80% of the area's median income, support for a homebuyer assistance program in the Black Hills area and assistance for ESJAM, LLC to rehabilitate a four-bedroom home in Faulkton.
“The developments funded will result in over $53.2 million in total development costs, preserving and strengthening South Dakota’s affordable housing stock,” said Bill Hansen, SDHDA board chairman. “The affordable housing units will help low-income families, elderly residents, individuals with disabilities and citizens who were recently incarcerated with a place to call home.”