Sioux Falls' growing economy and South Dakota Housing Development Authority's LIHTC program offer opportunities in a state with no income tax. The city's TIF districts support affordable housing development.
These programs are available specifically to investors and developers in the Sioux Falls, SD market.
South Dakota allocates LIHTC credits through SDHDA for affordable multifamily development.
Learn moreTax increment financing districts supporting affordable housing and infrastructure development.
Federal community development funds for affordable housing production and neighborhood improvement.
State revolving loan fund providing gap financing for affordable housing development.
Low-Income Housing Tax Credits are the largest source of affordable housing financing in the U.S. In South Dakota, credits are allocated by SDHDA.
Credits are allocated by SDHDA through their Qualified Allocation Plan (QAP), which outlines scoring criteria and priorities.
View SDHDA LIHTC ProgramNo state income tax maximizes investment returns
Growing mid-market city with increasing housing demand
Limited competition for LIHTC credits compared to larger states
TIF districts support development in emerging areas
FundNow Capital provides DSCR loans, bridge financing, and portfolio loans that complement government incentive programs in Sioux Falls.
Qualify using Section 8 rental income — government-backed rents strengthen your DSCR ratio.
Learn moreShort-term financing to acquire and stabilize properties before permanent LIHTC or agency financing.
Learn moreFinance multiple properties in Sioux Falls's Opportunity Zones under a single loan structure.
Learn moreTell us about your Sioux Falls investment plans. We'll match you with the best financing options within 24 hours.