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USDA Rural Development funds family living complexes

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HURON, S.D. ? USDA Rural Development announced funding recently for four housing complexes designed to provide 49 units for South Dakota tribal families. The four complexes are located on Rosebud reservation, Pine Ridge Indian Reservation and the Cheyenne River Indian Reservation. "Our staff worked closely with tribal housing leaders to fund these projects," said Lynn Jensen, state director for USDA Rural Development in South Dakota. "We are pleased to have their support and to be able to leverage federal dollars into meaningful rental complexes." Rural Development provided long-term 30-year loans to tribal housing authorities at rates of 6.875 percent. The loans for multi-family housing at these four locations totaled $2.82 million. The Rosebud Sioux Tribe will build a ten-unit family complex, the Oglala Sioux Tribe will build two 12-unit apartments for the elderly, and Oti Kaga, Inc., a housing authority in the Cheyenne River reservation, will construct 15 units for area families.

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