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South Dakota Down Payment and Homeownership Assistance

Every state has down payment or homeownership assistance programs; some states have both. The programs are designed to provide affordable housing opportunities to homebuyers who might not ordinarily be able to afford a house.

Each program can have their own income and eligibility requirements but primarily the programs are available for first-time homebuyers or low-income families.

Keep in mind if you had no ownership in a principal residence in the previous 3 years, you are also considered a first-time homebuyer even if you owned a home prior to that 3-year period.

The programs are not usually administered directly through the State. Instead, they are nonprofit based and handled through a third party agency. The list below will start you on your search but be sure to confirm the program is currently available.


Statewide Programs

The Governors House – provides reasonably sized, affordable homes to income-qualified individuals and families.
South Dakota Housing Development Authority (SDHDA) – assistance for low and moderate-income South Dakotans (605) 773-3181 or TTY (605) 773-6107
South Dakota Affiliates of Habitat for Humanity – offers homeownership through sweat equity
Community Action Agencies – four agencies provide services throughout the state
Tribal Housing Authorities – many offer homeownership programs
American Dream Down Payment Initiative (ADDI) – provides down payment and closing cost assistance up to $10,000.

City/County Programs

Aberdeen – Homes are Possible Inc. (HAPI) – serving Beadle, Brown, Campbell, Day, Edmunds, Faulk, Hand, Hughes, Hyde, Marshal, McPherson, Potter, Roberts, Spink, Stanley, Sully and Walworth counties (605) 225-4274.
NeighborWorks Dakota Home Resources – serving the northern Black Hills area.
Northeast South Dakota – Northeast South Dakota Community Action Program – offers an affordable home program (605) 698-7654 or (888) 202-485.
Rapid City
The Teton Coalition – serving Rapid City and the surrounding counties (605) 341-9939
The Rapid City Community Development Corporation (RCCDC) – Financial assistance for low and moderate income households
(605) 394-4181.

Sioux Falls
City of Sioux Falls Community Development – financial assistance for low and moderate-income households (605) 367-8180

South Central South Dakota (605) 665-4408 – District III Council of Governments – has a variety of homebuyer programs available (800) 952-3562.