Housing Opportunity Fund
The South Dakota Housing Opportunity Fund (HOF) is designed to promote economic development in South Dakota by expanding the supply of decent, safe, sanitary and affordable housing targeted to low and moderate income families and individuals in South Dakota.
The HOF was created via Senate Bill 235 the “Building South Dakota Fund” during the 2013 legislative session. As outlined in South Dakota Codified Law 11-13, the HOF is being administered by South Dakota Housing Development Authority (SDHDA) and the SDHDA Board of Commissioners (SDHDA Board).
Any for-profit entity, nonprofit entity, tribal government, housing authority, political subdivision of this state or agency of such subdivision, or agency of this state is eligible to apply for funding.
HOF funds may be used for new construction or the purchase and rehabilitation of rental or homeownership housing, housing preservation, including home repair grants and grants to make homes more accessible to individual with disabilities, homelessness prevention activities, and community land trusts.
Applications for rental housing and homeownership development will be awarded on a first come, first served basis with applications being accepted January 1st through May 31st or until the funds are exhausted. Applications for programs are accepted once per year and are due the last working day of August at 5:00 p.m. Central Time.
Call or email Amy Eldridge, Housing Development Officer at SDHDA, with your Housing Opportunity Fund program questions.
Phone: (605) 773.2467