SB 117 creates a new program allowing the South Dakota Housing Development Authority to offer no-interest loans to homeowners whose property values dropped due to declared natural or man-made disasters. The Legislature or Governor can trigger the program by formally declaring a housing emergency, after which eligible applicants can apply for refinancing assistance for single-family homes, townhomes, condominiums, or duplexes affected by the disaster.
This bill does not directly amend codified state law.
Senate Do Pass Amended Failed, YEAS 11, NAYS 24. S.J. 262
Senate Motion to amend S.J. 262
Senate Motion to amend S.J. 262
Senate Deferred to another day S.J. 251
Local Government Do Pass Passed, YEAS 4, NAYS 3.
Local Government Scheduled for hearing
First read in Senate and referred to Senate Local Government S.J. 123
David Johnson
Prime sponsor · Sen.
R
Taffy Howard
Prime sponsor · Rep.
R
Cosponsors
Do Pass Amended
Local Government — Do Pass