11-13-7. Income targeting guideline.
The South Dakota housing opportunity fund shall be targeted to serve low to moderate income households with a maximum income at or below one hundred fifteen percent of the area median income based on United States Department of Housing and Urban Development (HUD) criteria.
Source: SL 2013, ch 7, ยง19, eff. Mar. 20, 2013.
Structure South Dakota Codified Laws
Title 11 - Planning, Zoning and Housing Programs
Chapter 13 - South Dakota Housing Opportunity Fund
Section 11-13-1 - Definitions.
Section 11-13-2 - South Dakota housing opportunity fund created.
Section 11-13-3 - Duties of administrative agency.
Section 11-13-4 - Eligibility for funding.
Section 11-13-5 - Eligible fund activities.
Section 11-13-6 - Geographic distribution guideline.
Section 11-13-7 - Income targeting guideline.