Community Housing
Development Program

SD Housing / Develop Housing / Available Development Programs / Community Housing Development Program

Due to limited funding, CHDP applications will not be accepted until further notice. Please refer to this webpage for announcements regarding future funding availability.

Objective

The objective of the Community Housing Development Program (CHDP) is to provide a financial resource to help address the housing needs of South Dakota communities. Based on the needs identified by market studies, SD Housing can provide financial assistance for the development of rental housing opportunities. Funds may be used for households at or below 120% of the Area Median Income. Public or private nonprofits or profit-oriented individuals(s), corporations, partnerships, limited partnerships, or organizations can apply for the CHDP funds.

CHDP - Infrastructure Financing

A portion of CHDP can be utilized for infrastructure financing for the development of homeownership and rental housing in partnership with local governments who have committed to the housing development by providing assistance, such as tax increment financing.

The interest rate for the CHDP - Infrastructure Financing is currently capped at 3.50%.