Sioux Falls Rental Rehab Program Expands
by Betsy Jibben, Reporter
October 09, 2013 7:17 PM
Seven neighborhoods in Sioux Falls are getting a facelift. The city of Sioux Falls is giving incentives to property owners who want to fix up their rental homes in certain neighborhoods in the city.
The city of Sioux Falls focused on cleaning up Pettigrew Heights in 2012. Now the Rental Rehabilitation Program is expanding to spruce up even more neighborhoods.
"There's a lot of properties in the city that aren't necessarily kept up. What we would like to see is everyone taking a renewed interest in their neighborhoods and fix up their properties for their neighbors," said City of Sioux Falls Community Development Program Specialist Brent Tucker.
Property owners who have existing rental apartments or houses within these areas will have an opportunity to get help cleaning up their buildings. After the city inspects buildings that need a little TLC, they will offer a loan, ranging from $2,000 to $25,000.
“It's 3-percent interest and a 5 year repayment. The first 6 months are interest free," said Tucker.
The loan will help repair the outside of the building, including the landscaping, windows and fresh paint and siding.
"There's an extreme need and we hope everyone takes an advantage of this," said Tucker.
One company says this apartment building was unlivable until they fixed it up through the program.
"This neighborhood needed to be cleaned up and this was a major project but we got it done," said G&H Investments Property Owner, Val Hotchkin.
Val Hotchkin is the property manager for G & H Investments. She was able to cleanup an apartment building over 6 months ago. With her $15,000 loan, she was able to get a new roof, new siding, windows and a deck.
"It's a great experience to have a program like this backing us up and helping us keep the neighborhood nice looking and fixing everything up," said Hotchkin.
The neighborhoods in the expanded Rental Rehabilitation Program are:
West 12th Street/Emerson
If you are interested in a map, click here: http://www.siouxfalls.org/~/media/Documents/community-development/affordable-housing/rental-rehab/Rental_Rehabilitation_Designated_Area.ashx