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Our Mission

The Authority is committed to leading the affordable housing industry by our integrity, innovation and financial strength. We are a team of highly motivated individuals dedicated to encouraging the prudent investment of public financing and private capital to stimulate the construction, preservation, rehabilitation, purchase and development of affordable single and multifamily housing and daycare facilities. We are committed to the long-term affordability and feasibility of every project we undertake. Decisions are guided by integrity, research and prudent planning. We seek to minimize risks and maintain a selective, conservative, knowledgeable approach to development.

SDHDA

The South Dakota Housing Development Authority (the "Authority") was created in 1973 by the State Legislature as an independent public instrumentality to exercise essential public functions.

The Authority has traditionally been involved in issuing tax exempt bonds for the purpose of financing and developing both single-family and multifamily mortgage loans; the delivery of housing programs made available through the US Department of Housing and Urban Development (HUD); and the issuance of housing tax credits made available through the US Department of Treasury, Internal Revenue Service (IRS).

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A Half-Century of Serving South Dakotans

In 1978, NESDCAP created the Northeast South Dakota Economic Corporation (NESDEC) as a revolving loan fund to focus on small business lending and job creation in 22 counties. In 2007, Grow South Dakota, was formed to provide housing, community and economic development statewide. Through services to individuals, technical assistance to community and economic development agencies, and loans to small businesses and homebuyers, GROW South Dakota has had broad and lasting impact.

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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