South DakotaSouth Dakota housing fund may lend for infrastructure projects
The South Dakota Housing Development Authority may lend money for housing-related infrastructure, with limits on how much a project can borrow and how much may cover loan administration.
What it does
The South Dakota Housing Development Authority may lend money for infrastructure projects that support single-family or multi-family housing. A loan can cover up to half of project costs, and up to one percent of its principal can pay the authority's loan administration expenses.
Argument forThe loan program could help housing projects pay for public facilities and site work, such as streets, water systems, and sewer systems.
Argument againstBecause a loan can cover only half of project costs, housing projects may need other funding to pay for the infrastructure work.
More detail
The South Dakota Housing Development Authority may make loans from the housing infrastructure fund. The loans are for public infrastructure or related site work that supports a single-family or multi-family housing project. Public infrastructure must be or will be in South Dakota and owned, maintained, or provided by a local government or federally recognized tribe. A loan may cover no more than half of the project's total cost. The authority may use up to one percent of the loan principal to cover its expenses administering the loan.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 30Signed by the Governor Larry Rhoden on 2026-03-30 S.J. 549Became Law
- Mar 11Delivered to the Governor on 2026-03-11 S.J. 520To Governor
- Mar 10Signed by the Speaker H.J. 553Passed House
- Mar 9Signed by the President S.J. 505Passed Senate
- Mar 5House of Representatives Do Pass Amended , Passed, YEAS 42, NAYS 25 H.J. 528
- Vote recorded Do Pass Amended. Result: pass.Lower
- Mar 4State Affairs Do Pass , Passed, YEAS 8, NAYS 5Minor
- Vote recorded Do Pass. Result: pass.Lower
- Mar 4Scheduled for hearing H.J. 1
- Feb 25Referred to House State Affairs H.J. 446Minor
- Feb 24First Reading House H.J. 423
- Feb 23Senate Do Pass Amended , Passed, YEAS 20, NAYS 13 S.J. 361
- Vote recorded Do Pass Amended. Result: pass.Upper
- Feb 19Commerce and Energy Do Pass Amended , Passed, YEAS 7, NAYS 1
- Vote recorded Do Pass Amended. Result: pass.Upper
- Feb 19Commerce and Energy Motion to amend , Passed, Amendment 204AMajor
- Feb 19Scheduled for hearing
- Feb 2First read in Senate and referred to Senate Commerce and Energy S.J. 160Introduced
Housing