Homes are Possible Inc. (HAPI)
Currently HAPI has a $3,500 Down Payment/Closing Cost non-forgivable loan. This loan is paid back to HAPI interest free at the time you sell your home, take a cash back refinance or transfer title. This assistance is available for the entire HAPI coverage area. Please contact HAPI for further details.
HOUSING REHAB GRANTS
HAPI intends to assist families in 19 Northeastern and North Central South Dakota Counties in the rehab or improvement of a home this year with grant funds. HAPI’s service area is Beadle, Brown, Campbell, Clark, Codington, Day, Deuel, Edmunds, Faulk, Grant, Hand, Hughes, Hyde, Marshall, McPherson, Potter, Spink, Sully, and Walworth counties.
Funds for this program are provided by the Federal Home Loan Bank of Des Moines, a government sponsored institution. Applications for the HAPI grant can be downloaded and printed. Prior to the disbursal of funds, you must attend a HAPI approved home ownership education class. These classes are provided to you at no cost by HAPI. There is a Deed Restriction that goes along with receiving this grant. It states that the grant will be forgiven at the rate of 1/60th per month. If you move or sell the home prior to 5 years, you will be required to pay the un-forgiven portion of the deed restriction. Unfortunately, we are unable to work with mobile homes with either grant. The funds from these grants CAN NOT be used for rental ownership or improvements.
HOME REHAB OR IMPROVEMENT GRANTS –
If you have received a grant within the last 5 years you are not eligible for one at this time.
HAPI has the funds available to assist 100 homeowners with repairs or improvements to their homes. These grants have a $6,000 maximum per household (less the consultant fee of $500 and Deed filing fee of $30). Grants are available to person(s) with household incomes below those listed on the chart below. HAPI’s ‘s service area is Beadle, Brown, Campbell, Clark, Codington, Day, Deuel, Edmunds, Faulk, Grant, Hand, Hughes, Hyde, Marshall, McPherson, Potter, Spink, Sully, and Walworth counties.. If you reside in a county other than those mentioned please contact the HAPI office and we will work with you to possibly obtain a grant.
Funds are provided by Federal Home Loan Bank of Des Moines (FHLB), a government sponsored institution. You can apply for a Home Rehab Grant thru your local bank, the HAPI office, or an application can be downloaded and printed for your convenience. Prior to the disbursal of funds the homeowner must attend a HAPI approved homeownership education class. HAPI provides these classes at no cost to the homeowner. Grant guidelines state that a licensed contractor be used for the repairs. Also the recipient MUST provide a copy of their deed. The grant funds will have a deed restriction that state the grant will be forgiven at the rate of 1/60th per month. If the homeowner sells or moves within the first 5 years of receiving the grant they will be required to re-pay the un-forgiven portion of the grant.
****ATTENTION: Recent Changes for acceptable/non-acceptable expenses:
These grants can be used for repairs/improvements that are a permanent part of the home i.e. paint, floor covering, electrical or plumbing upgrades, shingles, foundation repairs, changing locks, light fixtures, furnace/ac installation, insulation, accessibility options, water heaters and other repairs/ improvements as approved by HAPI. This does not include tools, landscaping, curtains, blinds, appliance or water softeners or work to out buildings. If in doubt contact the HAPI office. These grants are for owner/occupied homes only. Funds can NOT be used by landlords or tenants to improve rental units or portions of homes where a business is located. A pre and post inspection will be required by HAPI. All materials MUST be paid for by contractor. The homeowner is no longer allowed to be reimbursed for supplies and or labor.
If your home is under a Contract for Deed, please note this on the application.
If your home is located on tribal land, please note this on the application.
1-2 Person (s)
3 or more
All other counties
PLEASE NOTE WE HAVE A CHANGE OF ADDRESS:
OUR NEW ADDRESS IS: 318 S. MAIN ST. ABERDEEN, SD 57401