SIOUX FALLS, S.D. (KELO AM) - South Dakota and Sioux Falls are funding the development of two affordable housing projects for a little over 15 million dollars for tenants with incomes of 50 percent or less of the area median income.
City Affordable Housing Manager Les Kinstad says Horizon Place on North Fourth Avenue will provide tenants with case management and education.
Kinstad says Inter-Lakes Community Action Partnership's Bright Futures program help homeless or near homeless residents with not only housing but case management and life skills training to encourage development of healthy, productive and economically stable lives.
The Horizon Place project is a rehabilitation of a 25-year-old property. South Dakota Housing Authority is providing $6.4 million and the City's contribution of $900,000 will be repaid over the life of the project.
Trinity Point, on East 26th Street near Rosa Parks Elementary, will be a new apartment complex with 48 apartments.
Housing Authority is providing $6 million and the City $500,000, which will also be repaid over the life of the projects.
Construction on both project will begin next spring with tenants moving in the summer of 2018.