NORTH SIOUX CITY — Several public and private entities have partnered in an effort to create more affordable housing options in North Sioux City.
The North Sioux City Housing and Redevelopment Corporation, First Financial Bank USA of Dakota Dunes, the South Dakota Housing Development Authority's Governor’s House Program, Siouxland Habitat for Humanity, J&M Real Estate Group and other project partners announced a plan to build nine new homes in the southeast South Dakota community.
This initiative was kick-started by after a housing study that revealed the need for more affordable housing in the city of about 2,530 residents.
Of the nine new homes, six will be Governor’s homes, part of a state program that provides funding for housing for low-income residents, the elderly and people with disabilities. Three other homes will be Habit for Humanity homes.
The new dwellings will be located in the city's Campbell Addition, a new housing development near River Drive situated on 3.64 acres donated by First Financial.
The Governor’s homes will be comprised of five three-bedroom/two bathroom homes and one two-bedroom/one-bathroom home. All homes will include a driveway, shed, and a full unfinished basement. Future owners can also include options such as kitchen appliances, a washer and dryer set-up, a finished basement, garage preparation or garage additions at an additional cost.
The homes will be built in phases, with the first two to arrive in the summer of 2017. The next two will be delivered in fall 2017 and the final two to arrive in spring 2018.
Pricing for the six Governor’s homes will not exceed $135,000, excluding the additional add-on options, for income qualified applicants. Income guidelines for households of two or less cannot exceed $44,030, or 70 percent of the state median income and households of three or more are limited to $50,320, which amounts to 80 percent of the state median income.
J&M Real Estate Group is handling applicants for the Governor's homes, while those interested in a Habitat home should contact Siouxland Habitat for Humanity.
This project is one of the first to benefit from the city of North Sioux City’s new tax increment district, which allows the city to pay for infrastructure improvements over a longer period of time, making this project financially feasible for the small community.