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RAPID CITY, S.D. (KELO) — Rapid City’s affordable housing market could see a boom this year. Three million dollars has been awarded to the Black Hills Area Community Foundation (BHACF) to help with the need in South Dakota’s second largest city.
As more people move to the area, it’s getting harder to find a home in the Rapid City area. The BHACF and other agencies want to help.
“The Strategic Housing Trust Fund is a separate fund here at the BHACF where we house these dollars, the Bush Foundation dollars as well as the Vision Funds and dollars from the John T. Vucurevich Foundation and that fund is specifically used for addressing affordable housing needs,” Liz Hamburg, CEO of BHACF, said.
Housing is affordable when it’s one-third of a household’s monthly income. Which can be difficult for a lot of people.
RAPID CITY, S.D. (KOTA) - After a few years of planning, the City of Summerset broke ground Friday on the wastewater expansion project.
As areas along the I-90 corridor continue to grow, this expansion will allow Summerset to grow too. After not being able to build any additional homes or commercial property near the area of the waste treatment facility, the Summerset City Council submitted its papers for an expansion to the South Dakota Department of Agriculture & Natural Resources in 2022.
“The current capacity of the wastewater treatment plant, we have been at capacity for quite some time this expansion project is going to double our capacity, and then that way we can continue to grow with our uh residential developments as well as our commercial,” Summerset Mayor Melanie Tarno said.
Summerset recently passed a first-of-its-kind resolution that will use Tax Increment Financing money to offset a service fee for the residents of Summerset. This was required by the Department of Agriculture & Natural Resources for repayment of the loan for expansion, setting precedent for future expansions in other cities; and Summerset will be used as an example in the future.
