Could a brand-new home be within reach?
Explore an affordable path to homeownership in the Sioux Falls area through the South Eastern Development Foundation's Governor's House program. Eligibility requirements apply.
Featured new-construction opportunity: $280,000.
What is the Governor's House program?
The Governor's House Program is an affordable homeownership opportunity for income-qualified buyers in South Dakota. It provides reasonably sized, affordable, energy-efficient homes designed to keep homeownership within reach for working families.
Jennifer helps buyers explore available properties and understand the purchasing process, from first questions to closing. Program administrators and lenders make the eligibility and financing decisions. Jennifer and eXp Realty do not administer the program and cannot guarantee approval.
1947 E 33rd St N, Sioux Falls, SD
New-construction opportunity currently listed. This is the currently featured Governor's House program home, and the details below come from the active MLS listing.
Representative image; request the actual listing photos.
- Approximately 1,200 square feet
- Three bedrooms and two full bathrooms on the main level
- Private primary suite with an en suite bathroom
- Bright, open-concept floor plan with neutral finishes
- Energy-efficient 2x6 stick-built construction
- New construction, ranch style, built 2026
- Corner lot
- Main-floor laundry with a new washer and dryer included
- Eat-in kitchen with stainless steel appliances and dishwasher
- Attached double garage
- Full unfinished basement with room for two more bedrooms, a third bathroom, and a family room, subject to permits and applicable requirements
The basement is unfinished. Any additional rooms would require permits and applicable requirements. Details are from the active MLS listing and are subject to verification and change.
Financing structure for this home
Financing terms for the currently featured home, subject to verification and change. The terms below apply to 1947 E 33rd St N and must be confirmed with the program administrator and your lender.
$265,000 is the first-mortgage amount, not the purchase price. The $15,000 SDHDA forgivable second mortgage is forgiven over five years at $3,000 per year, subject to program terms. It is not immediate cash, an unrestricted discount, or guaranteed assistance.
Lender approval, buyer contributions, closing costs, and assistance conditions must all be confirmed. No monthly payment or interest rate is shown here because both depend on your specific financing.
Who may qualify?
The following is an overview from the official program page. It is not an eligibility determination. The program administrator and your lender make the final call.
Household income
Household annual combined income must be $103,400 or less.
Age 61 or younger
Total net worth less than $125,000 OR liquid assets less than $105,000.
Age 62 or older
Total net worth less than $250,000 OR liquid assets less than $140,000.
Residency
The home must be the buyer's only residence and placed within South Dakota.
Questions about whether you qualify should go to the program administrator:
rhea@secog.orgThis is the program contact, not Jennifer's office. Jennifer can also help you understand the process and connect you with the right people.
Homes in the Sioux Falls area
The home below is the currently featured program home. Availability changes as homes sell and new ones are listed, and Jennifer can share the full current inventory of program homes whenever you ask.
Representative image; request the actual listing photos.
1947 E 33rd St N, Sioux Falls, SD
Purchase price: $280,000
First mortgage: $265,000
This is the currently featured program home. Availability changes, and Jennifer can share the full current inventory of program homes. See the official SEDF houses-for-sale page for the program's listings.
Where to start.
Contact Jennifer to discuss your homeownership plans.
Confirm program eligibility with the administrator and financing with a lender.
Explore currently available qualifying homes.
Arrange a showing and discuss the purchasing process.
Let's explore your next step.
Get in touch.
Jennifer Krosch
Krosch Real Estate
eXp Realty
Sioux Falls, South Dakota
#21816 · State of South Dakota
Common questions.
Is $280,000 the price of every program home?
No. $280,000 is the purchase price of the currently featured new-construction home at 1947 E 33rd St N. Other program homes vary in price and are subject to verification and change.
How do I find out whether I qualify?
Eligibility is determined by the program administrator and your lender. Contact the program administrator at rhea@secog.org to confirm program eligibility, or reach out to Jennifer and she will point you to the right people.
How does the forgivable second mortgage work?
It is a second mortgage that is forgiven over time, subject to program terms. It is not immediate cash and not a guaranteed discount. Current terms must be confirmed with the program administrator and your lender.
Which homes currently participate?
1947 E 33rd St N is the currently featured program home. Availability changes as homes sell and new ones are listed, so Jennifer can share the full current list of program homes in the Sioux Falls area. See the official SEDF houses-for-sale page for the program's listings.
Can I schedule a showing?
Yes. Contact Jennifer by phone, text, or email and she will help you arrange a showing and discuss the purchasing process.
Who makes the eligibility and financing decisions?
The program administrator determines program eligibility, and your lender determines financing approval. Jennifer helps you explore properties and navigate the process, but she does not make those decisions.
Program requirements apply. Eligibility, financing, pricing, assistance terms, and home availability are subject to verification and change. Information is deemed reliable but not guaranteed. Photos may show a program example; actual features and finishes may vary.
Krosch Real Estate, brokered by eXp Realty. South Dakota Real Estate License #21816. Equal Housing Opportunity. SEDF and SDHDA do not endorse Jennifer's business.
Official SEDF program requirements