Home rehabilitation funds available for SD groups
SIOUX FALLS (AP) — The South Dakota Housing Development Authority says it has $500,000 available for nonprofit organizations or public agencies that can administer the funds and use them to provide loans to homeowners.
The housing authority says the groups must use the money toward zero percent interest, conditionally forgivable loans meant to help homeowners rehabilitate their houses. Homeowners in turn can put the loan toward bringing their houses up to code, improving energy efficiency and making them accessible for people with disabilities.
The housing authority says these improvements help avoid neighborhood blight.
Interested organizations and agencies must apply by July 31. Applications from individuals will not be accepted.