South Dakota Housing Launches ‘Give Me Five’ Program to Aid First-Time Homebuyers
The "Give Me Five" program, launched by South Dakota Housing, provides a 5% down payment assistance to qualified first-time homebuyers in Sioux Falls and the surrounding areas, with the loan balance forgiven after five years of residency. Real estate expert…
Sioux Falls, SD, November 9, 2026 — A new initiative aimed at boosting homeownership in Sioux Falls and its surrounding regions has been introduced by South Dakota Housing. The program, dubbed “Give Me Five,” offers financial assistance to qualified first-time homebuyers.
Under the terms of the “Give Me Five” program, eligible first-time homebuyers can receive assistance equivalent to 5% of the home’s purchase price to cover their down payment. A key feature of the program is that the down payment loan balance is forgiven after the homeowner has resided in the property for a period of five consecutive years. This provision is designed to provide long-term financial relief and encourage stable residency.
Real estate expert Amy Stockberger commented on the potential impact of this program. According to Stockberger, the initiative is strategically designed to invigorate the local housing market. By making homeownership more accessible, the program is expected to increase the number of first-time buyers entering the market. This influx of new buyers could, in turn, stimulate a broader chain reaction, leading to existing homeowners moving to new properties and further increasing overall housing transaction activity.
The program specifically targets first-time homebuyers and applies to properties located in Sioux Falls and its neighboring communities. Detailed eligibility requirements are available through South Dakota Housing. The initiative represents a focused effort to address market dynamics by supporting a critical segment of potential homeowners.
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