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South Dakota Native Homeownership Coalition Down Payment Assistance Program

South Dakota Native Homeownership Coalition · Kyle, South Dakota

Last verified
See what you qualify forOfficial program site →
Assistance

$10,000

The maximum the program publishes — not an offer

Income limit

115% AMI

Of area median income; varies by county and household size

Repayment

Forgivable

Forgiven after 5 years

What is South Dakota Native Homeownership Coalition Down Payment Assistance Program?

South Dakota Native Homeownership Coalition Down Payment Assistance Program is a forgivable loan for homebuyers in Kyle, South Dakota, administered by South Dakota Native Homeownership Coalition.

  • A statewide down payment assistance program from the South Dakota Native Homeownership Coalition to close the homeownership affordability gap for Native American families across South Dakota. Provides up to $10,000 to homebuyers who are clients of Coalition member organizations for down payment, closing costs, and other mortgage-financing expenses. Funds wired directly to the loan closing agent. Funded by the Northwest Area Foundation and Wells Fargo's Invest Native initiative.
  • Up to $10,000 toward down payment, closing costs, and mortgage-financing expenses.
  • 0% interest, non-amortizing.
  • 100% forgivable after five years in the home.

How much assistance does it provide?

South Dakota Native Homeownership Coalition Down Payment Assistance Program offers up to $10,000 in assistance.

  • Award tiers: Single product; up to $10,000.
  • Amounts are the program's published maximums, not an offer — South Dakota Native Homeownership Coalition determines any individual award.

Do you have to pay it back?

South Dakota Native Homeownership Coalition Down Payment Assistance Program is forgiven after 5 years, so a buyer who stays that long does not repay it.

  • Repayment is triggered by Forgiven over five years of occupancy; if homebuyer leaves before five years, repayment is triggered per program policy.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

South Dakota Native Homeownership Coalition Down Payment Assistance Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • A completed homebuyer education course, through Homebuyer education course (typically delivered by Coalition member orgs: Mazaska, Four Bands, Lakota Funds, NeighborWorks DHR).
  • DRAFT (dpa-gap-finder 2026-06-14): pending review. Loan term: Non-amortizing forgivable second; forgiven after 5 years of occupancy.. Homebuyer must be enrolled in a federally recognized tribe or be Native Hawaiian; must not be an existing homeowner at closing; must be a client of a Coalition member org in good standing; complete homebuyer education; be approved for the mortgage; income <=115% AMI; DPA approval >=14 days before closing. First-come, first-served. Could not confirm: min credit score, max DTI, exact forgiveness clawback proration, HUD AMI year/income table, max purchase price, manufactured/new-construction eligibility.

The program excludes

  • Households above 115% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

South Dakota Native Homeownership Coalition Down Payment Assistance Program limits household income to 115% of the area median income, which varies by county and household size.

  • Household income may not exceed 115% of Area Median Income (AMI).
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

South Dakota Native Homeownership Coalition Down Payment Assistance Program can be used for Single Family.

Is there eligibility for specific groups?

South Dakota Native Homeownership Coalition Down Payment Assistance Program names American Indian and Alaska Native buyers among the groups it serves.

  • Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

South Dakota Native Homeownership Coalition Down Payment Assistance Program serves buyers purchasing in Kyle, South Dakota.

How do you apply?

Applications for South Dakota Native Homeownership Coalition Down Payment Assistance Program go through South Dakota Native Homeownership Coalition, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through Homebuyer education course (typically delivered by Coalition member orgs: Mazaska, Four Bands, Lakota Funds, NeighborWorks DHR)..

  2. Contact South Dakota Native Homeownership Coalition to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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