June is Homeownership Month

June is Homeownership Month Gov. M. Michael Rounds has proclaimed June 2003 Homeownership Month in South Dakota. In his proclamation, the governor emphasizes the importance of homeownership in South Dakota, recognizing and also challenging the South Dakota Housing Development Authority (SDHDA) and its partners to continue their efforts.

"It is so important that SDHDA and our housing partners work to their fullest potential to offer homeownership opportunities to our residents," said Rounds. "Homeownership provides the essential stability South Dakota needs."

In accepting the governor's challenge, SDHDA has recently offered South Dakotans their lowest mortgage rates in their 30-year history. SDHDA's first-time homebuyer rates dropped to 4.75 percent for the 30-year fixed rate and 3.75 percent for the starting step rate in April. Interested homebuyers should contact their local lender for more details.

To date SDHDA has provided home loans to over 56,000 South Dakotans.

The South Dakota Housing Development Authority (SDHDA) is an independent, quasi-public agency that finance and develops affordable housing opportunities for low and moderate-income residents throughout South Dakota. SDHDA is totally self-supporting and receives no tax money, appropriations or other funding from the state. SDHDA does not discriminate against any person because of race, creed, color, religion, sex, handicapped, familial status or national origin.

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