The bill amends existing legislation regarding the South Dakota housing infrastructure fund by revising definitions and criteria for loans. Specifically, it clarifies the terms related to "housing infrastructure" and "public infrastructure," ensuring that they encompass a broader range of necessary improvements and installations that support both single-family and multi-family housing projects. The definitions now explicitly include various public infrastructure elements such as water distribution systems, sewer systems, and necessary site work, which are essential for housing development.

Additionally, the bill modifies the loan provisions under section 11-15-4, allowing the South Dakota Housing Development Authority to provide loans for housing infrastructure projects. The maximum loan amount is set at one-half of the total project cost, and the authority is permitted to use up to one percent of the loan's principal to cover administrative expenses. These changes aim to enhance the funding process for housing infrastructure projects, thereby supporting the development of affordable housing in South Dakota.

Statutes affected:
Introduced, 01/29/2026: 11-15-1, 11-15-3, 11-15-4
Senate Commerce and Energy Engrossed, 02/19/2026: 11-15-1, 11-15-4
Enrolled, 03/09/2026: 11-15-1, 11-15-4