S.D. Admin. R. 20:09:25:01

Current through Register Vol. 51, page 67, December 16, 2024
Section 20:09:25:01 - Description of the program

The flexible lending/guarantee program provides construction, first, and junior loans to borrowers; provides grants to borrowers; and provides for the leveraging of commercial lender funds for the development of affordable single-family housing, multifamily housing, assisted living centers, congregate housing, and day care facilities.

S.D. Admin. R. 20:09:25:01

22 SDR 64, effective 11/11/1995.

General Authority: SDCL 11-11-30, 11-11-128, 11-11-141, 11-11-143, 11-11-165, 11-11-180.

Law Implemented: SDCL 11-11-106, 11-11-110, 11-11-118, 11-11-151.