SB204 revises criteria for loans from the South Dakota housing infrastructure fund, adjusting the distribution of funds and loan limits.

SB204 amends the South Dakota housing infrastructure fund criteria, allowing the South Dakota Housing Development Authority to make loans for housing infrastructure projects. The principal amount of a loan cannot exceed one-third of the total project cost. The fund can allocate up to one percent of the loan principal for housing infrastructure, with 50 percent designated for municipalities with a population of 50,000 or more and 50 percent for other areas.

SB204 revises criteria for loans from the South Dakota housing infrastructure fund, adjusting the distribution of funds and loan limits.

SB204 amends the South Dakota housing infrastructure fund criteria, allowing the South Dakota Housing Development Authority to make loans for housing infrastructure projects. The principal amount of a loan cannot exceed one-third of the total project cost. The fund can allocate up to one percent of the loan principal for housing infrastructure, with 50 percent designated for municipalities with a population of 50,000 or more and 50 percent for other areas.