Housing Opportunity Fund

SD Housing / Develop Housing / Available Development Programs / 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 and the SD Housing Board of Commissioners. 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. 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.

Applications

Applications can be found below in the Resources Section of this page and can be submitted using our online Application Submission form. 

• Rental housing and homeownership development projects: applications accepted on an ongoing/open-cycle basis and considered first-come, first-served once complete.

• Programs: applications accepted only during the annual competitive cycle, due the last working day of August at 5 p.m. CT.

Completed applications (refer to Exhibit 1 of the Housing Opportunity Fund Plan Application for instructions) must be delivered to SDHDA via U.S. Postal Service, private mailing service, or submitted via SDHDA's on-line submission. Applications via facsimile or e-mail will NOT be accepted.