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
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.