The authority is accepting applications through February 26, 1999. The housing tax credit plan provides the process for rental housing developers to apply to the authority to build, acquire and rehabilitate rental housing projects.
Federal law requires each state's chief elected official approve the state's housing plan.
The HOME plan promotes affordable homeownership and rental housing. A new pilot option under HOME makes available affordable financing to senior citizens and persons with disabilities if they have been otherwise unable to obtain financing elsewhere for purchasing one of the governor's inmate-built houses. Janklow said the South Dakota Housing Development Authority has targeted preservation of the affordable, existing housing stock as well as new rental development. We need to be concerned, especially now that the federal government has changed its treatment of these buildings.