The flexible lending/guarantee program provides construction, first, and junior loans to borrowers; provides grants to borrowers; and provides for the leveraging of commercial lender funds for the development of affordable single-family housing, multifamily housing, assisted living centers, congregate housing, and day care facilities.

Source: 22 SDR 64, effective November 11, 1995.

General Authority: SDCL 11-11-30 , 11-11-128 , 11-11-141 , 11-11-143 , 11-11-165 , 11-11-180.

Law Implemented: SDCL 11-11-106 , 11-11-110 , 11-11-118 , 11-11-151.