Housing project receives grant funding
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PIERRE — South Dakota Housing Development Authority’s (SDHDA) Board of Commissioners today approved $1.9 million in HOME Investment Partnerships Program funding and $361,000 in Housing Opportunity Fund (HOF) funding for housing activities across the state.
The eight projects funded will provide South Dakotans with 75 newly constructed multifamily housing units, 16 single-family housing units and seven rehabilitated multifamily housing properties.
Among the projects to receive funding is the Jefferson Village Apartments, planned for construction near the intersection of 21st Street and Idaho Ave., in Huron. G.A. Haan Development, LLC, the developer for the project will receive $1,061,000 from SDHDA. Jefferson Village is planned as a 40-unit, three-story, apartment building for people age 55 and older. There are 22 one-bedroom and 18 two-bedroom units planned for the site.
“The projects funded will result in over $14 million in total development costs, preserving and strengthening South Dakota’s housing stock,” said David Pummel, SDHDA Board chairman. “They will help low-income families, elderly residents and persons with developmental disabilities with a place to call home.”
The HOME Investment Partnerships Program provides funds to developers and/or owners for acquisition, new construction, and rehabilitation of affordable housing.
