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South Dakota Low Income Housing Tax Credit Application Deadline Approaching

Costello low income housing
Costello low income housing

SIOUX FALLS, SD (KELO-AM) The South Dakota Low Income Housing Tax Credit Program was established as an incentive for construction and rehabilitation of housing for low-income households. Developers of housing tax credit projects typically raise equity capital for their projects by syndicating the tax credits to investors who are willing to invest in the project.

Applicants are advised that Sioux Falls Community Development is accepting requests for tax credit letters of support until February 14, 2014, at 5 p.m. Projects meeting state and local standards will be provided a letter of support in order for applicants to meet South Dakota Housing Development Authority’s application deadline of February 28, 2014.

For more information, contact Adam Roach at 367-8179.