Housing - Programs


South Dakota Housing Development Authority programs:

Governors House

  • First-time Homebuyer Program - Providing low interest rate mortgage loans to qualified first-time homebuyers, includes the current income and purchase price guidelines.
  • Employer Mortgage Assistance Program (EMAP) - A partnership loan program with South Dakota employers to provide Human Resource benefits in support of economic development, employee attraction, and employee retention.
  • Loan Assistance Program (LAP) - Providing closing cost, down payment assistance, and gap financing for qualified homebuyers.
  • Community Home Improvement Program (CHIP) - Loans to provide reduced rate financing to low and moderate income homeowners for the repair/renovation of their homes.
  • Assistance in locating an apartment to rent.
  • Looking for rental/investment property to buy? - Follow this link to view SDHDA listings.


USDA Rural Development housing programs:

USDA provides direct loans and grants to credit worthy residents who would otherwise be unable to obtain financing for a family home. Guaranteed loans are made by commercial lenders for single family housing. Direct and guaranteed loans are made to provide multi-family housing or apartments for low-income rural residents.

Programs provided include the following:

  • Guaranteed Rural Housing Loans
  • Home Ownership Loans
  • Section 504 Rural Home Repair Loans and Grants
  • Rural Rental Housing Loans
  • Section 538 Rural Rental Housing Guaranteed Loans
  • Rural Housing Site Loans
  • Self Help Housing Loans
  • Technical Assistance for Self-Help Housing
  • Housing Preservation Grants
  • Farm Labor Housing
  • Equal Opportunity for USDA Rural Development Loan and Grant Recipients

To view the Information Fact Sheets related to these programs, simply click any of the above programs that are of interest to you.