Housing Trust Fund
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About The Program
The primary purpose of the Housing Trust Fund (HTF) is to expand the supply of decent, safe, sanitary, and affordable housing with primary emphasis placed on affordable housing for extremely low-income South Dakotans (30% AMI or below). The HTF was created under the Housing and Economic Recovery Act of 2008 with funding coming from Fannie Mae and Freddie Mac. The HTF Program funds developers and/or owners for the acquisition, new construction, and rehabilitation of multifamily rental housing. Other eligible activities include relocation assistance and reasonable administration and planning costs. All rental housing developed with HTF funds has a minimum 30-year affordability period. The HTF funds may be provided as zero percent loans, deferred payment loans, or forgivable loans.
Applications are due annually on the last working day of August at 5:00 p.m. Central Time. Completed applications must be submitted via SD Housing's online submission portal no later than 5:00 p.m. Central Time on the applicable due date. Applications via facsimile, USPS, hand delivered, or e-mail will NOT be accepted. If applying for HTF funds alone, or HTF and HOF funds jointly, please used the Housing Trust Fund (HTF) Application. If applying for HTF funds in conjunction with HTC or HOME funds, please use the Housing Trust Fund (HTF) Supplemental Application. The HTF Applications and pro-forma for the 2026 application round will be dated as July 2026-2027.
$5 Million Available
$1 Million Per Project
$1.25 Million Per Developer
Annually SD Housing receives a minimum of $3.0 million in funding with 90% of funding for rental housing and 10% for administration. Funding in the amount of $600,000 annually will be set aside for both housing developed on Indian Reservations and Service Enriched housing. Maximum subsidy limits can be found in Exhibit 6 of the HTF Allocation Plan.
Forms & Resources
