PIERRE, S.D. – South Dakota Housing is inviting developers to submit applications for funding from the Housing Opportunity Fund (HOF) program. This open funding round is a chance for developers to make their projects happen.

Any for-profit or nonprofit entity, tribal government, housing authority, political subdivision of South Dakota or agency of South Dakota is eligible to apply for funding. 

The Housing Opportunity Fund is designed to support new construction, rehabilitation, or the purchase and rehabilitation of rental or homeownership housing. Only applications for housing development will be accepted during this open application cycle. Applications for programs will be accepted during the competitive application cycle in August.

The Housing Opportunity Fund program allocation plan and application form can be found on SD Housing’s website at www.sdhousing.org. Please refer to the website for HOF funding limitations. Complete applications will be accepted starting Wednesday, April 15, 2026, and must be received by SD Housing no later than Monday, Aug. 31, at 5:00 p.m. CT. 

Projects will be considered for funding on a first come, first serve basis as applications are deemed complete. For more information on the Housing Opportunity Fund, please contact Bridgette Loesch, Housing Development Officer, at 605.773.3181 or bridgette@sdhda.org.