Increasing Native Homeownership

The South Dakota Native Homeownership Coalition launched our statewide Down Payment Assistance Program to close the homeownership affordability gap for Native American families across South Dakota.

Program Overview

The Down Payment Assistance Program provides up to $10,000 to homebuyers who are clients of Coalition member organizations for down payment, closing costs, and other expenses related to mortgage financing.

  • Member organizations must be current on membership dues and data reporting requirements in order to participate in the program.
  • Funding assistance can be used for purchases of single-family primary residences in South Dakota or the North Dakota portions of the Standing Rock and Lake Traverse Reservations.
  • Down payment assistance is 0% interest with non-amortizing payments and is 100% forgivable if the homebuyer remains in the home for five years.
  • Funds will be distributed on a first-come-first-served basis as funds are available.


Please review the program policies document for a complete program description, eligibility requirements, eligible use of funds, request process, and terms of forgiveness.

Eligibility Requirements

To receive down payment assistance, homebuyers must:

  • Not be an existing homeowner at the time of loan closing.
  • Be enrolled in a federally-recognized tribe or be Native Hawaiian.
  • Complete a homebuyer education course.
  • Be approved for the mortgage loan.
  • Not have an income exceeding 115% of AMI.
  • Be approved for down payment assistance at least 14 days prior to loan closing.

How the Program Works

Member organization identifies eligible homebuyer

Program Policies

Member organization completes and submits required forms

Request FormMemorandum of Understanding

Coalition reviews request and provides letter of commitment upon approval

Coalition wires approved funds to loan closing agent

Thank you to our program partners!