establish a manufactured housing downpayment assistance program.

Summary

The bill sets up a revolving loan fund of up to $5 million to give eligible South Dakota residents up to $10,000 to help with the down‑payment on a manufactured or mobile home. It targets households earning no more than 120 % of the state area median income and requires the home to meet safety and zoning standards. Loans are interest‑free, secured by a second lien, and repayments are returned to the fund for new loans.

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