DakotaPlex

In response to the shortage of affordable housing in our rural communities, South Dakota Housing created the DakotaPlex Program. DakotaPlex units are built by the prison inmates at the Mike Durfee State Prison in Springfield. Units are based on the Governor's Houses and are two and three-bedroom units to be used as a duplex, triplex, or quadruplex. DakotaPlex units must be placed in rural communities with populations of 5,000 or less.

Why DakotaPlex?

• Quality construction

• Energy efficiency

• Safety & security

• Low maintenance

• High-performance home

Qualifications

• Placing within city limits

• City population of 5,000 or less

• Documented need via study or market analysis

• Purchased, owned, or managed by a city, nonprofit, or developer

• Intended for affordable rental

Floor Plans

The loan term can be up to 50 years. Financing up to 100% for nonprofit sponsors/owners or 90% for all limited profit sponsors/owners is available. The Interest rate is based on the current market.