South Dakota Housing Development Authority

Purpose: Participants of the Homeowner Assistance Fund (HAF) Will Designate the Financial Assistance Towards Mitigating Financial Hardships Associated With the Coronavirus Pandemic by Providing Funding to Prevent Mortgage Delinquencies and Defaults, Foreclosures, Loss of Utilities or Home Energy Services, Including Broadband Internet Access, and Displacement of Homeowners Experiencing Financial Hardship After January 21, 2020, Through Qualified Expenses Related to Mortgages and Housing. Activities to Be Performed: States, U.s. Territories, the Department of Hawaiian Home Lands (DHHL), and Indian Tribes or Tribally Designated Housing Entities ("eligible Entities") Will Receive Direct Payments From Treasury. End Goal/expected Outcomes: Haf Funding Will Assist With Preventing Homeowner Mortgage Delinquencies, Homeowner Mortgage Defaults, Homeowner Mortgage Foreclosures, Homeowner Loss of Utilities or Home Energy Services, Including Broadband Internet Access, and Displacements of Homeowners Experiencing Financial Hardship, and Will Cover Qualified Expenses Related to Mortgages and Housing. for the Full List of Qualified Expenses, Please See the Haf Guidance at HTTPS://HOME.TREASURY.GOV/SYSTEM/FILES/136/HAF-GUIDANCE.PDF. Intended Beneficiaries: Homeowners Who Have Experienced Financial Hardship After January 21, 2020, and Have Incomes Equal to or Less Than 150% of the Area Median Income. Subrecipient Activities: Subrecipient Activities Are Not Known at This Time. Recipient-specific Information on Use of Funds Was Not Available at the Time of Obligation. Please Refer to Https://home.treasury.gov/policy-issues/coronavirus/assistance-for-state-local-and-tribal-governments/homeowner-assistance-fund for Updates on Recipients' Use of Funds in the Program. Reason for Modification: Obligation of Additional Funds.