SDHDA announces new board leadership The South Dakota Housing Development Authority's (SDHDA) Board of Commissioners recently elected officers.
Bob Sutton, the executive director for the South Dakota Community Foundation, was elected chair of the seven-member board. Prior to the S.D. Community Foundation, Sutton spent 11 years in Pierre, serving as an association executive and lobbyist for county government, the oil industry, and the financial services industry.
He has also served as a vice president at Citibank in Sioux Falls.
"The members of this board bring a wonderful mix of knowledge, experience, and leadership to the decision-making we are entrusted with," said Sutton. "I feel honored to be part of an agency that has done so much for the residents of South Dakota, and I look forward to tackling future challenges to strive towards safe, decent, and affordable housing for everyone in our state.
Cindy Mydland, community bank president for Wells Fargo Bank in Brookings, was elected vice chair. Mydland brings 14 years of lending and banking experience to SDHDA's board.
She has also previously worked for the Governor's Office of Economic Development as well as the South Dakota Housing Development Authority.
Karl Adam, elected treasurer of the SDHDA board, has worked for Dakota State Bank of Pierre and Blunt for almost 10 years. In 2001, Adam became president and chief executive officer.
Prior to that, he worked in the George H.W. Bush administration at the U.S. Department of Commerce in Washington, DC, and then for former Governors Mickelson and Miller in the Governor's Office of Economic Development.
Also serving on the SDHDA board, which establishes policy for the organization, are Linda Barker from Sioux Falls, Curt Jones from Britton, Jim Roby from Watertown, and Zack Word from Rapid City.
The South Dakota Housing Development Authority (SDHDA) is an independent, quasi-public agency that finances and develops affordable housing opportunities for low and moderate-income resident 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, color, creed, religion, sex, handicapped, familial status or national origin.