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Get Matched Free →HAPI Housing Opportunity Fund Down Payment & Closing Cost Grant
Funding status: Active
How much assistance
$3,500 forgivable grant
Forgivable grant tied to owner-occupancy. Funded by SDHDA Housing Opportunity Funds. The $3,500 is not repaid as long as the buyer remains in the home and meets program terms.
Eligibility
- Income limits: At or below 80% Area Median Income (AMI) for the applicable county.
- First-time buyer required: No
- Credit score minimum: 640
- Geographic restrictions: Available in 16 northeastern South Dakota counties served by HAPI: Beadle, Campbell, Day, Edmunds, Faulk, Hand, Hughes, Hyde, Marshall, McPherson, Potter, Roberts, Spink, Stanley, Sully, and Walworth. Not available in Brown County (where HAPI offers a $3,500 non-forgivable loan instead).
- Homebuyer education required: Yes
How to Apply for HAPI Housing Opportunity Fund Down Payment & Closing Cost Grant
Contact HAPI at (605) 225-4274 or (888) 224-4274. Complete the no-cost HAPI Homebuyer Education course before closing. Submit application with mortgage pre-approval and education completion certificate.
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