NeighborWorks® Dakota Home Resources was awarded $100,000 grant from South Dakota Housing Development Authority’s (SDHDA) Board of Commissioners. The funds will be used to assist homeowner’s in Rapid City and Black Hills Communities improve the efficiency of their home.
NeighborWorks® Dakota Home Resources and 20 other organizations were awarded a total of 1.8 million dollars to support affordable housing and various housing projects and programs across the state.
In 2013, South Dakota Legislators worked hard to craft the Building South Dakota Fund. The Building South Dakota fund was designed to create certain programs and funds to enhance economic development.
The Housing Opportunity Fund may be used for new construction, the purchase and rehabilitation of a rental or home owner occupied homes, housing preservation, homelessness prevention activities and community land trust. SDHDA is the administering agency of the housings opportunity fund.
NeighborWorks® Dakota Home Resources will be assisting homeowners in these communities reduce their energy cost and help create a more efficient home. Many older homes in these communities need rehabilitation that is to expensive for homeowners to complete on their own. These funds will assist purchasing and installing new insulation, water heaters, furnaces and other energy saving rehabilitations.
Many of the communities throughout the Black Hills have smaller populations, but still need funds to improve the economic health of their community. The Housing Opportunity fund requires that seventy percent of the funds must go to communities with a population of less than 50,000.
“The Housing Opportunity Fund is a great stride to improving the quality of housing in South Dakota. Thanks to the hard work of our legislators and partners, NeighborWorks® Dakota Home Resources will be able to leverage our current programs to maximize our services. The Housing Opportunity Fund will enrich the entire community and provide strong economic benefits”. NeighborWorks® Dakota Home Resources, Executive Joy McCracken stated.
NeighborWorks Dakota Home Resources has assisted over 990 families with affordable homeownership opportunities and provided over 2.5 Million in Grants and Loans for Home Rehab Assistance. NeighborWorks® Dakota Home Resources is able to provide low interest rate loans and forgivable loans for home rehabilitation and repair projects throughout Western South Dakota, thanks to their supporters and partners.
NeighborWorks® Dakota Home Resources is a private non-profit organization that works to assist families with their dream of homeownership and revitalize the communities to improve the quality of life. NeighborWorks® Dakota Home Resources can assist you in repairing your home. For more information contact NeighborWorks® at 605-578-1401