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GROW SD Receives $2.4 Million Grant to Support Down Payment Assistance

Thursday, July 06, 2017

GROW SD Receives $2.4 Million Grant to Support Down Payment Assistance

GROW South Dakota has earned a $2.4 million grant from Project Reinvest: Homeownership program. The largest grant in GROW SD’s histoYour smartest path to homeownershipry will be used to support down payment assistance for low- and moderate-income South Dakotans. GROW SD is one of 19 awardees across the country in this first competition in the Project Reinvest program.

The down payment assistance will be in the form of deferred second mortgages. GROW SD will be able to make 200 loans in the amount of $10,500 each during the two-year grant period to income eligible homebuyers. GROW SD will serve the state with the zero interest deferred loans.

The Project Reinvest down payment assistance loans are now available.

Category: GROW SD



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GROW South Dakota

GROW South Dakota
104 Ash Street East | Sisseton, SD  57262
Phone (605) 698-7654 | Fax (605) 698-3038 | info@growsd.org