Finance
In South Dakota, which statement about the SDHDA (South Dakota Housing Development Authority) mortgage programs is correct?
ASDHDA programs are only available to households earning above the median income
BSDHDA offers below-market rate mortgage programs for qualified first-time homebuyers and low-to-moderate income borrowers✓ Correct
CSDHDA only funds multifamily affordable housing, not individual home purchases
DSDHDA programs require 30% down payments
Explanation
The South Dakota Housing Development Authority (SDHDA) offers mortgage programs including the FirstHome program and others targeting first-time homebuyers, veterans, and households meeting income limits. These programs offer below-market interest rates to make homeownership more accessible.
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