Rapid City HOME Investment Partnerships

City of Rapid City / HUD HOME Program

Available Home Repair

About This Program

Federal HOME funds used for substantial rehabilitation of owner-occupied homes. Provides forgivable loans for households at or below 80% area median income. Loan forgiven after 5-10 years of continued occupancy.

Forgivable loan amount based on rehabilitation scope, forgiven over affordability period

Key Details

  • Forgivable loan up to $35,000
  • Income at or below 80% AMI required
  • Must be owner-occupied in Rapid City
  • Forgiven after affordability period (5-10 years)
  • Covers major rehabilitation and systems

How to Apply

Get free help applying Visit Official Program Page Track this program

(605) 394-4181

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Deadline: Rolling applications, subject to funding

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