Housing Opportunity Fund
The Housing Opportunity Fund from South Dakota Housing Development Authority supports research-based development, rehabilitation, and preservation of affordable housing for low- and moderate-income South Dakotans.
Funder: South Dakota Housing Development Authority
Due Dates: June 30, 2027: Open-cycle application cutoff for rental housing and homeownership development | August 31, 2027: Annual competitive cycle application deadline (Programs and Housing Development)
Funding Amounts: Up to $500,000 per rural developer and $200,000 per urban developer (development projects); up to $250,000 rural / $100,000 urban (programs); up to 50% of project/program costs.
Summary: Supports development, rehabilitation, and preservation of affordable housing and related programs for low- and moderate-income South Dakotans.
Key Information: Rental/homeownership development: open-cycle (first-come, first-served); Programs: annual competitive cycle.
Description
The South Dakota Housing Opportunity Fund (HOF), administered by the South Dakota Housing Development Authority, advances economic and community development statewide by increasing the supply of quality, safe, and affordable housing for low- and moderate-income individuals and families. The fund supports a wide range of activities, including new construction, acquisition, and rehabilitation of rental and homeownership properties, housing preservation, home repair, accessibility improvements for people with disabilities, homelessness prevention, and support for community land trusts. HOF aims to address diverse housing needs and foster stronger, more resilient communities across South Dakota.
