HIFP
Housing Infrastructure Financing Program
After more than two years of legislative and administrative wrangling, the Housing Infrastructure Financing Program is ready to take applications for $50 million in grant money and $100 million in loan money. The money is to be used for the construction of housing infrastructure.
Infrastructure is defined as: " a right of way, water distribution system, sanitary sewer system, storm sewer system, lift station, street, road, bridge, curb, gutter, sidewalk, traffic signal, or streetlight, which is or will be owned, maintained, or provided by a political subdivision of this state; or excavation, compaction, or acquisition of land for such purposes.”
Thirty percent of the funding is for housing infrastructure in municipalities having a population of fifty thousand or more and seventy percent for housing infrastructure in all other areas of the state. Contractors and developers are eligible to apply for the funding.
More information here: Housing Infrastructure — SD Housing
Applications became available July 24, 2023 at NOON and can be accessed here: Application Submission — SD Housing. There is no deadline, the application period will remain open until are funds are gone.
The state has released an application training webinar to help better explain the process and it can be viewed by CLICKING HERE!
If you need more information, please call Beverly Katz at the SD Housing Development Authority at 605-773-3181.
Infrastructure is defined as: " a right of way, water distribution system, sanitary sewer system, storm sewer system, lift station, street, road, bridge, curb, gutter, sidewalk, traffic signal, or streetlight, which is or will be owned, maintained, or provided by a political subdivision of this state; or excavation, compaction, or acquisition of land for such purposes.”
Thirty percent of the funding is for housing infrastructure in municipalities having a population of fifty thousand or more and seventy percent for housing infrastructure in all other areas of the state. Contractors and developers are eligible to apply for the funding.
More information here: Housing Infrastructure — SD Housing
Applications became available July 24, 2023 at NOON and can be accessed here: Application Submission — SD Housing. There is no deadline, the application period will remain open until are funds are gone.
The state has released an application training webinar to help better explain the process and it can be viewed by CLICKING HERE!
If you need more information, please call Beverly Katz at the SD Housing Development Authority at 605-773-3181.
