Housing (Community Development)

SB 209 authorizes local governments in South Dakota (like counties or municipalities) to create nonprofit "land banks" to address abandoned, blighted, or vacant properties. These land banks, established through a local ordinance, can acquire, manage, and develop such properties to return them to productive use - such as through redevelopment, sale, or lease. Key mechanisms include allowing land banks to sue, borrow funds, handle foreclosures, collect rent, and partner with other entities. The bill provides a clear legal framework for creating these entities but does not mandate their use or specify which properties qualify beyond the defined categories.

SB 191 removes the ability for local governments (counties or municipalities) to issue grants as part of a tax increment financing district. The bill amends South Dakota law by deleting the provision that allowed "payments and grants" to be included in "project costs" for these districts. This change specifically eliminates the authorization for governing bodies to use district funds for grants, restricting allowable uses to direct project costs like construction, bonds, or professional services. The bill affects how local governments can fund redevelopment projects within designated tax increment districts.