Housing downpayment assistance idea falls short of two-thirds majority
House nixes idea to establish $5 million revolving loan fund for buyers of manufactured homes
The South Dakota House took two runs at the same housing idea this week and ended in the same place both times – short of the two-thirds they needed to tap state funding.
House Bill 1113 would have created a zero-interest downpayment assistance loan program for manufactured homes — up to $10,000 per buyer — using the South Dakota Housing Infrastructure Fund. The bill allowed up to $5 million from the fund to be loaned on a revolving basis. At the maximum, that’s about 500 downpayment loans.
It failed on final passage, then came back on a motion to reconsider and failed again. The second vote was 45-21, still below the two-thirds threshold required because the bill carried an appropriation.
Rhoden: No assurance full-strength South Dakota Senate staves legislative discord
PIERRE — A dramatic procedural standoff in the South Dakota Legislature this week reflects a broader strain of political discord shaping American politics.
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