We are a team of dedicated professionals who partner with others to achieve our vision of affordable housing through integrity, financial responsibility, innovation and sustainability.
Relationship to the State Government: Independent Public Instrumentality
Current Staff Size: 65
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1973
SDHDA is established
1974
Initiated the Single Family Homeownership Program
1984
Created the Rental Housing Reinvestment Program
1995
SDHDA created the Governor’s Transitional Housing Program for the elderly
2006
Issued a record number of bonds – totaling over $300m in short term and $537m in long term
2013
Allocated $3.7m in funding from the first application cycle of the Housing Opportunity Fund program
Total Financing Provided
Renters Served Since 1973
Homeowners Served Since 1973
Signature Program
Governor’s House Program
Owning your home is a powerful thing. SDHDA’s Governor’s House program provides that opportunity for income qualified households by offering a low-maintenance dwelling that is attractive, reasonably sized and low cost. Each ENERGY STAR-certified 1,008-sq. ft. or 1,200 sq. ft. house is built by prisoners and transported to home sites across South Dakota. Current selling prices are $57,700 and $68,900.
Inmates Who Have Learned Job Skills: 486
Houses Sold: 3,000
Future Focus
Lorraine Polak
Executive Director
“SD is a state of opportunity with a great quality of life. As families and businesses choose our state, the demand for housing – specifically workforce housing – continues to increase. Our priority over the next three to five years is to develop an adequate housing supply by finding creative ways to leverage our resources to make this happen.”
Copper Pass
Sioux Falls, SD
Copper Pass, a 30-unit apartment building, is SD’s first passive multifamily building. Funding included HOME funds and LIHTCs. Costello Companies, the developer, embraced the idea of developing an apartment complex to passive standards to be used as a learning tool. To further help with data collection and comparison, a sister building, Majestic Ridge, was built to ENERGY STAR standards. Both projects are identical in size, footprint and orientation.
Sir Charles
Yankton, SD
Sir Charles, a 34-unit apartment building, originally developed as housing in 1987 began to deteriorate. Being located downtown and a historic landmark – the building includes a former hotel and the location of Jack McCall’s trial – community leaders became worried. Lewis & Clark Behavioral Health led the 2009 redevelopment. The original 40 investors donated their financial interest and with LIHTCs, HOME Funds, a SDHDA loan, and a bank loan the apartments remain available today.