Any natural person or entity whose project will create or retain primary jobs is eligible to apply for a loan from the REDI fund. The creation or retention of primary jobs is not required for a project which consists solely of multifamily housing.

Source: 34 SDR 68, effective September 13, 2007; 46 SDR 123, effective May 12, 2020.

General Authority: SDCL 1-16G-5 , 1-16G-8(6).

Law Implemented: SDCL 1-16G-5 , 1-16G-8(6).

Prior versions effective: 2007-09-13.