The bill revises certain criteria for loans from the South Dakota housing infrastructure fund, specifically amending definitions and distribution percentages related to housing infrastructure projects. It clarifies that "public infrastructure" now includes necessary site work, compaction, or land acquisition to support single-family or multi-family housing projects. Additionally, the distribution of funds is adjusted, with 50 percent allocated for housing infrastructure in municipalities with populations of 50,000 or more, and the remaining 50 percent for all other areas of the state.

Furthermore, the bill stipulates that the South Dakota Housing Development Authority may not provide both a grant and a loan for the same housing infrastructure project in larger municipalities. It also increases the maximum loan amount from one-third to one-half of the total cost of the housing infrastructure project, allowing the authority to use up to one percent of the loan's principal to cover administrative expenses.

Statutes affected:
Introduced, 01/29/2026: 11-15-1, 11-15-3, 11-15-4