Housing Assistance for Low-Income in South Dakota

Many agencies are offering rental assistance to low-income families in South Dakota. Some of these programs focus on eliminating homelessness and re-housing families at risk of becoming homeless. Grants are also available for households with children, the disabled, and seniors. You must be residents of South Dakota. Keep reading this article for more details.

GROW South Dakota’s Direct Loan Program

GROW South Dakota is committed to helping to achieve community sustainability through housing and community development. The purpose of the GROW South Dakota’s Direct Loan program offers financial support for low-income families to enable their homeownership dreams to come true. The program staff will take you through the whole process of receiving the necessary funds and finally become a homeowner. You can always use the funds however you like. Whether you want to buy a new or an already existing home. Through this program, applicants can qualify for up to $175,000 loan. Visit https://growsd.force.com/growsdcft?lang=en.

Down Payment and Closing Cost Assistance

GROW South Dakota is committed to supporting homeowners by helping them with closing costs and down payment. The program provides loans at a 0% interest rate. The program loans and grants will be repaid when the applicant resell, refinance, or change ownership of the property. to qualify for the program assistance, you must be ready to use it in conjunction with other homeownership support programs. You must also undergo homebuyer education and get certified upon completion. You must be a resident of South Dakota to be considered for the program assistance. Please note that support depends on the availability of funds. Read more about the program here.

USDA’s Single-Family Housing Direct Home Loans

The program supports low-income families through direct home loans to enable them to obtain quality housing that meets their needs and budget. It is a type of payment assistance that helps families improve their repayment ability and reduce the amount they use for a mortgage. Your family income must not exceed the set limit for low-income and demonstrate the ability to make repayments for the program loans. You must need housing assistance and provide proof of previous trials to obtain a loan from conventional loan programs without success. You must agree to stay in the house and use it as your primary residence. You can use the loans to buy a home in the USDA-eligible rural areas. You can use the additional funds for home repair or renovation where applicable. You have 33 years payback period. The extremely low-income families can repay the loans over 38 years. Want to apply? Please visit http://rd.usda.gov/contact-us/state-offices. Wondering how long your application may take? The local Rural Development agencies process applications depending on the program funds availability and demand for housing assistance in your location. For more details, please visit https://www.rd.usda.gov/programs-services/single-family-housing-direct-home-loans.

GROW South Dakota – Homeownership and Housing Counseling

Did you know that GROW South Dakota is a housing counseling agency approved by the U.S. Department of Housing and Urban Development? It is also a Housing Education Resource Organization (HERO). The organization provides in-person and online education to families looking to become homeowners. We both know the importance of homeownership education. You get to know your rights and responsibilities that await in the future as a homeowner. The organization also provides housing counseling to help homeowners manage their homes as required. Having trouble developing financial budgeting that suits your goals? Don’t worry. The organization will assign a housing counselor who helps you define your financial situation and come up with a proper budget that meets your needs. Want to have a one-on-one counseling session? Please visit info@growsd.org.

Weatherization Assistance Program

The purpose of the weatherization service is to enable families to maintain energy efficient homes. GROW South Dakota has representatives to carry out the program activities. They conduct an inspection in homes to identify areas that need repairs or replacement. This service aims to help families in cutting utility costs and improve energy efficiency in their homes. You must meet the low-income limits in your area to qualify for the program assistance. Apply for the program assistance at https://www.growsd.org/growsd/about-us/resource-library/p/item/3034/weatherization-application.

Emergency Solutions Grants Program

The U.S. Department of Housing and Urban Development funds this program. The program is administered by the South Dakota Housing Development Authority (SDHDA). The program aims to bring an end to homelessness among the residents through temporary and permanent rental assistance. The main focus is on stabilizing and re-housing homeless individuals and families and ensuring they attain self-sufficiency within the surrounding community. Who qualifies for the program funds? ESG does not directly distribute funds to homeless individuals in South Dakota. Rather, the program distributes funds to the non-profit and local government units. You must stay in line with the federal policies against discrimination. The program activities include street outreach, re-housing, homeless prevention, and provision of emergency shelter services. Want to apply? Applications for this program are competitive and are made available to non-profits and local governmental units annually. You can choose to send your application through electronics. How does the program funds use? The maximum amount an agency can receive is $637,969. 60% of the funds are put towards street outreach activities and emergency shelter services. the remaining 40% of the program funds are used to prevent homelessness and provide rapid-rehousing services to eligible individuals. Find out more at https://sdhda.org/social-programs/emergency-solutions-grants-program.

South Dakota Section 8 Housing

The South Dakota Section 8 Housing Program provides rental assistance to low-income families in form of monthly subsidies or housing vouchers. Non-profit agencies and public housing authorities run this program at the local level and ensures qualified families get access to quality and affordable housing. The U.S. Department of Housing and Urban Development (HUD) funds this program. The program mostly supports the senior members of the community and households with children. The applicants choose where to live as long as the housing unit meets the program quality standards. Once approved for assistance, the housing vouchers are handed directly to the property owners on behalf of the participating family. Vouchers pay a portion of the applicant’s rent. The rest of the payment is covered by the family’s income, usually 30% or 40%. Note that the section 8 housing vouchers can be used to settle in private residents or rental apartments as long as they meet the requirements. Read mor4re about the program at https://www.hud.gov/states/south_dakota/renting.

South Dakota Low-Income Home Energy Assistance Program (LIHEAP)

South Dakota LIHEAP is designed for families who find it difficult to pay their home energy bills due to low income. The program provides grants to help pay for a portion of the applicant’s heating/cooling bills. The program strives to ensure all residents stay out of the harsh weather. For families experiencing emergencies related to heating or cooling, there is crisis intervention assistance that offers grants for support. Please note that even the maximum grants the program provides can’t be enough to cover all the energy bills. for this reason, you must be prepared to pay the rest of the costs. The amount of assistance depends on the family size, income, and type of fuel the household consumes. To qualify for assistance your adjusted family income must not exceed 175% of the federal poverty level. Read more about the program at https://www.benefitsapplication.com/program_info/SD/LIHEAP.

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