Strengthening Our Community: Local Leaders Discuss Affordable Housing Strategies in South Dakota

In the latest episode of The Housing Connection podcast, Chas Olson, the Executive Director of South Dakota Housing, talks with Mark Quasney from Lloyd Companies about affordable housing initiatives in South Dakota. They discuss the role of state housing programs and Lloyd Companies' efforts to improve economic diversity through community partnerships and housing projects.

Mark Quasney, the Vice President of Development Finance at Lloyd Companies, discusses the challenges of the housing market, including rising costs and complex funding. His insights are useful for developers and investors interested in South Dakota’s affordable housing sector.

The conversation also touches on national affordable housing trends and their impact on local practices. Quasney offers advice on adapting to these challenges, emphasizing the need for innovation and flexibility in development strategies. This approach aims to meet immediate housing needs and support long-term economic stability and community growth.

A key point from the episode is the importance of collaboration in housing development. Olson and Quasney highlight how partnerships, including with community organizations like Inter-Lakes Community Action Partnership (ICAP), are essential for overcoming challenges and expanding affordable housing.

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