Explore South Dakota Housing Development Programs
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A Vital Need
South Dakota is growing—and with that comes a vital need for new and rehabilitated housing that can serve a variety of communities. SD Housing offers programs to assist developers in the quest of developing more affordable housing options to South Dakotans. From tax credits to other funding sources, SD Housing is here to help.
Available Development Programs
HOME Program
Helping communities create affordable housing through funding for rehabilitation, new construction, and rental assistance.
Infrastructure Financing
Low-interest loans and grants to support essential infrastructure for new housing developments—helping communities grow from the ground up.
Housing Tax Credits
Incentivizing the development of affordable rental housing by offering federal tax credits to developers.
Bond Financing
This program provides multifamily housing developers with permanent and construction loans through the sale of tax-exempt or taxable revenue bonds.
Housing Needs Study
Providing communities with in-depth data to identify local housing gaps and guide smart development decisions.
Housing Opportunity Fund
Supporting a wide range of housing solutions—from homebuyer assistance to infrastructure—with flexible, community-driven funding.
BuildSpec
Designed to loan construction money at low interest rates to incentivize builder members of the South Dakota Home Builders Association to build speculative homes.
Relocation and Displacement
Guidance and compliance resources for developers navigating tenant relocation or displacement due to federally funded housing projects.
DakotaPlex
Offering cost-effective, manufactured housing options to help South Dakota communities expand affordable living.
Housing Trust Fund
Delivering targeted assistance to extremely low-income households through grants for rental and transitional housing.
Construction Loan Guarantee
A program that partners with lenders to guarantee up to 50% of construction loans for contractors building affordable single-family homes in communities with a documented housing need.
Who Should Apply?
Developers, nonprofits, tribal entities, and local governments planning to build or preserve affordable housing in South Dakota should apply. Submit one complete application per project, combining multiple funding programs if needed, through SD Housing’s online portal.
Homeless to Homeowner: How Developing Affordable Housing Makes an Impact
Does your community need affordable housing? The fact is, no matter the population or the average earnings in your town or city, every community needs affordable housing. So, when it comes to the most vulnerable and lowest-income among us, how can affordable housing make a true impact?
