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HomeMy WebLinkAbout2022_02_15 CC PKTCity Council City of Brookings Meeting Agenda - Final Brookings City Council Brookings City & County Government Center 520 3rd St., Suite 230 Brookings, SD 57006 Phone: (605) 692-6281 "We are an inclusive, diverse, connected community that fuels the creative class, embraces sustainability and pursues a complete lifestyle. We are committed to building a bright future through dedication, generosity and authenticity. Bring your dreams!" Council Chambers5:30 PMTuesday, February 15, 2022 Study Session The City of Brookings is committed to providing a high quality of life for its citizens and fostering a diverse economic base through innovative thinking, strategic planning, and proactive, fiscally responsible municipal management. 5:30 PM STUDY SESSION 1. Call to Order / Pledge of Allegiance. 2. Record of Council Attendance. 3. Action to approve the agenda. 4. Open Forum. At this time, any member of the public may request time on the agenda for an item not listed or to make a brief announcement or invitation. Items will be scheduled at the end of the meeting. Individuals are asked to state their name and address for the record. 5.ID 22-0077 Update: Workforce Housing Project (15th Street South and 7th Avenue South) Memo SD Housing Opportunity Fund Presentation Attachments: 6.ID 22-0057 Presentation: Brookings City & County Government Center Bioretention Area Memo Presentation Attachments: Page 1 City of Brookings February 15, 2022City Council Meeting Agenda - Final 7.ID 22-0081 Discussion on the South Dakota State University Economic Impact Report. Memo SDSU FY 2019 Economic Impact Board of Regents Economic Impact SDSU Economic Impact Presentation Attachments: 8. City Council member introduction of topics for future discussion. Any Council Member may request discussion of any topic at a future meeting. Items cannot be added for action at this meeting. A motion and second is required which states the topic, requested outcome, and time frame. A majority vote is required. 9. Adjourn. Brookings City Council: Oepke G.Niemeyer, Mayor; Nick Wendell, Deputy Mayor Council Members Wayne Avery, Patty Bacon, Leah Brink, Joey Collins, Holly Tilton Byrne, Brookings City Council Staff: Paul M. Briseno, City Manager Steven Britzman, City Attorney Bonnie Foster, City Clerk Public Comment is limited to a maximum of three minutes per person during the meeting. Individuals are asked to give their name and address for the record. Public Comment may be submitted prior to the meeting: 1) Email comments to the City Clerk (bfoster@cityofbrookings-sd.gov), 2) participate via Zoom, or 3) via eComment (https://cityofbrookings.legistar.com/Calendar.aspx ). Those who provide comments in any manner should understand their comments will become part of the official record and subject to review by all parties and the public. Meetings are broadcast live and recorded. Go to www.cityofbrookings-sd.gov for more information. Government Channel 9 Rebroadcast Schedule: Wednesday 1:00 pm / Thursday 7:00 pm / Friday 9:00 pm / Saturday 1:00 pm Upon request, accommodations for meetings will be provided for persons with disabilities. Please contact Susan Rotert, City Human Resources Director and ADA Coordinator at (605) 692-6281 at least three (3) business days in advance of the meeting. Page 2 City of Brookings City of Brookings Staff Report Brookings City & County Government Center, 520 Third Street Brookings, SD 57006 (605) 692-6281 phone (605) 692-6907 fax File #:ID 22-0077,Version:1 Update: Workforce Housing Project (15th Street South and 7th Avenue South) Summary: An update will be provided on the Workforce Housing Project located on 15th Street South and 7th Avenue South. The developer is proposing to utilize the South Dakota Housing Opportunity Fund. Attachments: Memo SD Housing Opportunity Fund Presentation City of Brookings Printed on 2/10/2022Page 1 of 1 powered by Legistar™ City Council Agenda Memo From: Mike Struck, Community Development Director Council Meeting: February 15, 2022 Subject: Workforce Housing Project (15th Street South and 7th Avenue South) Presenter: Mike Struck, Community Development Director Summary: Update on the Workforce Housing Project located on 15th Street South and 7th Avenue South. The developer is proposing to utilize the South Dakota Housing Opportunity Fund. Background: The City of Brookings acquired approximately 8 acres of property in the D & D Addition for drainage improvements and future street improvements of 15th Street South and 7th Avenue South. A small 2.3 acre parcel is not needed to complete the public improvements and the City identified an opportunity of expanding housing opportunities in this area. The City initiated a comprehensive process of Letters of Interest, Request for Qualifications, and Request for Proposals to develop workforce housing on the 2.3 acre site. During the subsequent submittal, review, and interview process, Clark Drew Construction’s proposal was selected to move forward with a workforce housing project. In summer of 2021, the City began construction on the drainage improvements, water, and sanitary sewer improvements for the future streets of 15th Street South and 7th Avenue South. These infrastructure improvements are necessary for the workforce housing project to move forward. A tax increment financing district was created to assist the City with recovering the costs associated with the public improvements. In the interim, the developer has been working with the South Dakota Housing Development Authority on funding opportunities and is ready to proceed with an application for funding assistance from the South Dakota Housing Opportunity Fund. The Housing Opportunity Fund is a competitive application process whereby the applicant is awarded points based upon selected criteria. Item Details: The developer proposed a shovel-ready site and the City covered the soft costs of the project to minimize the developer’s risk, while maintaining the proposed price points allowed by the South Dakota Housing Opportunity Fund. The land acquisition was originally budgeted at $322,000 and if the City subsidizes the soft costs, the net revenue to the City would be approximately $115,000. Soil borings have been completed on the site and provided to the developer for review. The excess material from the drainage improvements is accounted for with another project and preliminary estimates indicate engineered fill suitable for building upon could increase the 15th Street South/7th Avenue South project costs by $100,000. A purchase agreement, developer’s agreement or combination thereof will need to be drafted, based upon the City Council direction. Legal Consideration: City Staff and City Attorney Steve Britzman will work on the appropriate documents based upon City Council direction. Strategic Plan Consideration: The Workforce Housing Project is consistent with the City Council Strategic Plan, specifically with item #2 providing a Safe, Inclusive, Connected Community and #5 Economic Growth by providing workforce housing opportunities meeting the needs of our business and industry’s labor force. Financial Consideration: Not applicable. Options and Recommendation: This is for informational purposes only; however, staff will need to prepare the appropriate documents to bring forward to a future City Council meeting for action. Supporting Documentation: SD Housing Opportunity Fund Presentation HOF Plan 2020-2021 HOF Allocation Plan As Presented to the SDHDA Board of Commissioners April 21, 2020 Based on Comments Received by 5:00 P.M. CST, April 8, 2020 Applications Due: August 31, 2020; July 31, 2021 5:00 p.m. Central Time 3060 E. Elizabeth Street P.O. Box 1237 Pierre, SD 57501-1237 (605) 773-3181 FAX (605) 773-5154 www.sdhda.org HOF Plan Alternative formats of this document are available to persons with disabilities upon request. For information regarding Section 504 Accessibility, contact the South Dakota Housing Development Authority 504 Coordinator, Andy Fuhrman, at 1-800-540-4241. HOF Plan April 2020 1 of 25 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx TABLE OF CONTENTS I. PURPOSE.......................................................................................................................... 4 II. POLICIES AND PROCEDURES ........................................................................................ 4 A. THE PLAN ..................................................................................................................... 4 1. Distribution of Funds .................................................................................................................... 4 2. Application Cycle(s) and Deadlines ............................................................................................. 4 3. Limitations .................................................................................................................................... 5 4. Types of Financing ...................................................................................................................... 5 5. Term of Financing ........................................................................................................................ 5 6. Leveraging/Match Requirement................................................................................................... 5 7. Eligibility ....................................................................................................................................... 6 8. Disclaimers .................................................................................................................................. 6 B. AMENDMENTS TO THE PLAN ..................................................................................... 7 III. GENERAL REQUIREMENTS ............................................................................................ 7 A. ELIGIBLE ACTIVITIES .................................................................................................. 7 1. Rental Housing ............................................................................................................................ 7 2. Homeownership ........................................................................................................................... 8 B. ELIGIBLE PROGRAMS ................................................................................................10 1. Homebuyer Assistance .............................................................................................................. 10 2. Homeowner Rehabilitation ......................................................................................................... 10 3. Homelessness Prevention ......................................................................................................... 10 C. PERIOD OF AFFORDABILITY .....................................................................................11 D. TENANT RELOCATION AND DISPLACEMENT ..........................................................11 E. GUARANTEES .............................................................................................................11 IV. FUNDING PROCESS .......................................................................................................12 A. APPLICATION STAGE .................................................................................................12 1. Project Finance Limits ............................................................................................................... 12 2. Financial Feasibility ................................................................................................................... 14 3. Reserve Accounts ...................................................................................................................... 14 4. Determination of HOF Amount .................................................................................................. 14 B. CONDITIONAL COMMITMENT STAGE .......................................................................15 C. DISBURSEMENT OF HOF FUNDS ..............................................................................15 1. Loan Documentation .................................................................................................................. 15 2. Program/Construction Start ....................................................................................................... 15 3. Draws ......................................................................................................................................... 16 4. Cost Certification ....................................................................................................................... 16 5. Loan Repayment ....................................................................................................................... 16 6. Recapture of HOF Funds ........................................................................................................... 16 V. PROJECT SELECTION CRITERIA FOR HOUSING DEVELOPMENT .............................16 A. LOCAL HOUSING NEED (MAXIMUM 100 POINTS) ....................................................17 B. INCOME TARGETING (MAXIMUM 100 POINTS).........................................................17 HOF Plan April 2020 2 of 25 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx C. EXTENDED USE COMMITMENT (MAXIMUM 10 POINTS) ..........................................17 D. SUPPORT FROM LOCAL SOURCES (MAXIMUM 25 POINTS) ..................................17 E. SERVICE ENRICHED HOUSING (MAXIMUM 20 POINTS) ..........................................17 F. PERCENTAGE OF SOFT COSTS USED FOR PROJECT COSTS (MAXIMUM 40 POINTS) ...............................................................................................................................18 G. READINESS TO PROCEED CRITERIA .......................................................................19 1. Plans and Specifications (Maximum 25 Points) ........................................................................ 19 2. Site Control (Maximum 25 Points) ............................................................................................. 19 3. Construction Financing (Maximum 30 Points) ........................................................................... 19 4. Permanent Financing (Maximum 30 Points) ............................................................................. 19 5. Zoning (Maximum 10 Points) ..................................................................................................... 20 6. Platting (Maximum 10 Points) .................................................................................................... 20 H. PROJECT CHARACTERISTICS (MAXIMUM 200 POINTS) .........................................20 I. FINANCING TYPE (MAXIMUM 25 POINTS) .................................................................20 VI. PROJECT SELECTION CRITERIA FOR PROGRAMS ....................................................20 A. PROGRAM DEMAND (MAXIMUM 100 POINTS) .........................................................20 B. INCOME TARGETING (MAXIMUM 100 POINTS).........................................................21 C. EXTENDED USE COMMITMENT (MAXIMUM 10 POINTS) ..........................................21 D. FINANCIAL SUPPORT FROM LOCAL SOURCES (MAXIMUM 25 POINTS) ..............21 E. PROGRAM POLICY AND PROCEDURE MANUAL (MAXIMUM 30 POINTS) .............21 F. OTHER PROGRAM FUNDS (MAXIMUM 30 POINTS) .................................................21 G. FINANCING TYPE (MAXIMUM 25 POINTS) .................................................................22 H. PARTNERING WITH OTHER AGENCIES (MAXIMUM 30 POINTS) ............................22 VII. OTHER REQUIREMENTS ................................................................................................22 A. FAIR HOUSING AND EQUAL OPPORTUNITY ............................................................22 B. LEAD-BASED PAINT ...................................................................................................22 C. CONFLICTS OF INTEREST .........................................................................................22 D. DEBAREMENT AND SUSPENSION ............................................................................23 E. HISTORIC PROPERTIES .............................................................................................23 F. FLOOD INSURANCE ....................................................................................................23 VIII. MONITORING FOR COMPLIANCE ..................................................................................23 IX. DEFINITIONS ...................................................................................................................23 EXHIBITS 1. Required Submissions for Complete Application 2. Local Housing Need Requirements 3. Application Checklist 4. Project Characteristics 5. Self-Scoring Worksheet 6. Construction Standards HOF Plan April 2020 3 of 25 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx 7. Homebuyer Assistance 8. Homeowner Rehabilitation 9. Homelessness Prevention HOF Plan April 2020 4 of 25 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx SOUTH DAKOTA HOUSING OPPORTUNITY FUND 2020-2021 ALLOCATION PLAN I. PURPOSE The South Dakota Housing Opportunity Fund (HOF) is designed to promote economic development in South Dakota by expanding the supply of decent, safe, sanitary and affordable housing targeted to low and moderate income families and individuals in South Dakota. II. POLICIES AND PROCEDURES A. THE PLAN South Dakota Housing Development Authority (SDHDA) and the SDHDA Board of Commissioners (SDHDA Board) are responsible for the administration of HOF in accordance with SDCL 11-13. This Plan provides a system for allocation of HOF funds and HOF program income. 1. Distribution of Funds SDHDA will distribute HOF funds geographically throughout the State taking into consideration the following HOF distribution formula: Municipalities with a population of 50,000 or more 30% Other areas of the State 70% Ten percent of the HOF funds may be utilized for administrative expenses incurred by SDHDA and eligible Applicants applying for HOF for programs as outlined in Section III.B. The remaining funds will be distributed per the eligible activity as follows: • Housing Development 75 percent • Programs 25 percent If the approved applications for any area or activity are less than the percentages above, the remaining amount may be made available for qualified applications from the other geographical area or activity. If less than one million dollars is appropriated for any single HOF Application Cycle, the Housing Development and Program set asides will be eliminated and SDHDA may in its discretion limit the eligible activities for which applications will be accepted. 2. Application Cycle(s) and Deadlines Applications for housing development will be awarded on a first come, first serve basis with applications accepted January 1st through May 31st for rental housing and homeownership development. Applications accepted during this time frame, will follow the allocation plan guidelines as of January 1st of the application year. Any changes to the allocation plan will take effect during the August, 2020 application cycle, which is a competitive cycle with applications due August 31st, 2020. Applications received will be scored in accordance with Section V of this HOF Plan April 2020 5 of 25 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx plan to ensure feasible and desirable projects are awarded funds. Housing development projects must score a minimum of 300 points to be considered for funding. Applications for Programs will be accepted annually, with 2020 applications due August 31st 2020, and 2021 applications due July 31st, 2021. Applications received will be scored in accordance with Section V of this plan to ensure feasible and desirable projects are awarded funds. Program applications must score a minimum of 100 points to be considered for funding. However, if after the August 2020 / July 2021 application cycle, HOF funds remain unallocated or additional HOF funds become available, SDHDA may hold another application cycle or accept eligible applications on a first-come, first-serve basis. If SDHDA holds another application cycle (instead of accepting applications on a first-come, first-serve basis), SDHDA will provide an announcement of the additional cycle. Please refer to SDHDA’s website at www.sdhda.org for availability of funds. Applicants are encouraged to submit the online application that can be found on the SDHDA website. Completed applications (refer to Exhibit 1) must be electronically submitted or delivered (via U.S. Postal Service, private mailing service, or hand delivered) to SDHDA by 5:00 p.m. Central Time on the applicable due date. Applications via facsimile will NOT be accepted. 3. Limitations Taking into consideration the eligible activities for HOF, those being housing development and programs, no more than 25 percent of the annual available HOF funds may be awarded to any one developer/sponsor/owner and no more than 50 percent of a development’s total project costs or program budget can be financed by HOF, unless a waiver is granted by SDHDA Board of Commissioners. For calculation of the developer/sponsor/owner limitation, all of the developer/sponsor/owner’s applications, regardless of type of activity or project, will be combined for the calculation. 4. Types of Financing HOF funds may be requested as a loan or as a forgivable loan. HOF funds may also be used as a guaranty for other funding sources. If applicants are requesting HOF funds as a forgivable loan, the applicant must demonstrate the need for the funds as a forgivable loan and provide program parameters that will be used to determine if program recipients will be receiving a forgivable loan. Consideration must be given to the AMI being served. 5. Term of Financing HOF funds must be expended and disbursed within two years of the date of the Conditional Loan Commitment or the Subrecipient Written Agreement. Any HOF funds not disbursed by the due date may be de-obligated by SDHDA and returned to the available HOF allocation for the next application cycle. 6. Leveraging/Match Requirement HOF funds can be used to finance up to 50 percent of the project or program costs, with the remaining 50 percent being leveraged funds (or match). The leveraging of funds can be satisfied in a variety of ways such as funds provided as a loan or grant, donations (monetary or in-kind), administrative costs paid for by other funding sources for staff carrying out the program activities, etc. Funds used for leverage must be for like-kind of services and must be necessary for the HOF Plan April 2020 6 of 25 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx administration of the program or development of the project. For example, an agency may use the staff expense (paid for from sources other than HOF) for qualifying homebuyers’ eligibility and providing homebuyer counseling, as leveraging for a downpayment assistance program since the qualification process and homebuyer counseling are necessary for administration of a downpayment assistance program. An agency however, may not use staff expense for homebuyer counseling as leveraging for a homeowner rehabilitation program. Sources of leverage must be identified within the application and documentation of such will be required prior to closing of the loan and disbursement of HOF funds. If applicants are unable to meet the requirement of 50 percent leveraged funds (match) applicants may request a waiver from the SDHDA Board of Commissioners. Thorough documentation of the reason for the waiver will be required at time of application. If HOF is utilized with another funding source or program offered by a city, the state, a federal, or SDHDA program, Applicant will be required to follow the most restrictive requirements. 7. Eligibility Eligible Projects. HOF funds may be used for new construction, acquisition and rehabilitation of rental housing, the purchase of homeownership housing, substantial or moderate rehabilitation of rental or homeownership housing, housing preservation, including home repair and rehabilitating homes to make them accessible to individuals with disabilities, homelessness prevention activities, and community land trusts. Housing developments receiving HOF funds will not be considered as an eligible project until such time the initial affordability period or the extended use period has been met. Eligible Applicants. Any for-profit entity, nonprofit entity, tribal government, housing authority, political subdivision of this state or agency of such subdivision, or agency of this state is eligible to apply for funding. No individuals may apply for funding directly unless authorized by SDHDA. Eligible Households. HOF funds shall be targeted to serve low to moderate income households with a maximum income at or below one hundred fifteen percent (115%) of the county area median income (AMI) based on the U.S. Department of Housing and Urban Development (HUD) criteria. 8. Disclaimers Regardless of ranking under the project selection criteria, SDHDA reserves the right to allocate HOF funds to any application if SDHDA determines in its sole discretion that such allocation furthers the HOF objectives. SDHDA reserves the right to deny HOF funds for any application that SDHDA determines in its sole discretion does not further the HOF objectives. With respect to housing development projects, SDHDA assumes no responsibility to make inspections during construction and/or rehabilitation and assumes no liability for construction quality or code compliance. SDHDA may do periodic on-site inspections to review the scope and progress of the project. The local building official will be required to approve both the proposed project and completed work. SDHDA reserves the right to exchange information with other city, state and federal agencies and with other parties as deemed appropriate. By submitting an application for HOF funds, the Applicant is acknowledging and agreeing to this exchange of information. HOF Plan April 2020 7 of 25 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx B. AMENDMENTS TO THE PLAN This Plan may be amended for substantive changes by SDHDA at any time following public notice and public meeting. This Plan may be amended by SDHDA for non-substantive changes, including to comply with state law, clarify matters, or cure ambiguities, at any time, and such amendments will be fully effective and incorporated herein upon the SDHDA Board’s adoption of such amendments, without public notice and comment. III. GENERAL REQUIREMENTS A. ELIGIBLE ACTIVITIES Activities allowed under HOF include: 1. Rental Housing New construction, acquisition, rehabilitation, or conversion of a building for rental housing (permanent or transitional) are eligible activities. Eligible costs include land and/or building acquisition, rehabilitation, demolition of existing structures, improvements to the project site that are comparable with the surrounding projects, and utility connections including off-site connections from the property line to the adjacent street. Improvements to the project site may include on-site roads and sewer and water lines necessary to the development of the project. The project site consists only of that property owned by the project owner and upon which the project is located. The development must meet the applicable local and state building codes and acquisition costs cannot exceed the appraised market value of the property. Housing provided for homelessness prevention will be considered as housing development. HOF may be requested for new construction, acquisition, and/or rehabilitation of a shelter or transitional housing. Additional requirements for new construction and rehabilitation/conversion activities can be found in Exhibit 6. a. Occupancy Requirements During the affordability period, the HOF assisted rental housing units must be set aside for households at or below 115 percent Area Median Income (AMI) or further restricted to the AMI indicated in the application. The required AMI test must be met at initial occupancy and data evidencing compliance must be reported to SDHDA annually (Owner’s Certification). When HOF units become available for rent, the new household must also meet the occupancy requirements. For purposes of meeting affordable housing requirements for a project, the dwelling units specified as affordable housing may be changed over the affordability period, so long as the total number of affordable housing units remains the same, and the substituted units are, at a minimum, comparable in terms of size, features, and number of bedrooms to the originally designated affordable housing units. HOF Plan April 2020 8 of 25 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx b. HOF Rents Every HOF assisted rental unit is subject to rent limitations (HOF Rents) designed to ensure that rents are affordable to the respective tenants being served. HOF Rents cannot exceed the calculated rent of 30 percent of the adjusted income for the AMI being served by the proposed project, based on bedroom size. Rents must include allowances for utilities and services (excluding telephone, cable, and internet). Applicants are encouraged to utilize the allowances established by the local Public Housing Authority or calculate their own allowances based on documentation from service providers. c. Subsequent Rent Schedule, Utility Allowances, and Rent Adjustments SDHDA has the right to review all rent schedules and utility allowances. Owners are allowed to annually increase rents on HOF assisted units by two percent. Rent increases above two percent are required to have SDHDA approval prior to implementation. d. Mixed Income Project All HOF funds used in conjunction with a mixed-income project must be used solely for the benefit of the affordable units in the project. Each building in a project must include affordable units. Common area costs will be prorated between the number of affordable units and the number of other units. e. Mixed Use Project A building that is designed in part for other than residential housing may qualify as affordable housing under the HOF program if such housing meets the rent limitations in the Occupancy Requirements and HOF Rents sections. The laundry or community facilities that a project contains for the exclusive use of the project residents and their guests are considered residential use. Costs for common areas shared by both residential and commercial tenants will be prorated. Each building in a project must contain residential living space. Commercial buildings that are rehabilitated for rental use, are eligible for funding under the HOF Program. Adequate off-street parking must be provided. f. Public Housing Notification At the time of application, all Applicants proposing the use of HOF funds for rental housing must notify local public housing agencies of the proposed project. g. Tenant Certifications Tenant eligibility must be determined by the owner at the time of initial occupancy. Annual re- certifications of existing tenants will not be required; however, new HOF tenants will require certification to ensure occupancy requirements are being maintained. h. Tenant Protections The lease between a tenant and the owner of rental housing assisted with HOF funds must be for at least one year, unless by mutual consent the tenant and the owner agree to a shorter term, and may not contain any prohibited lease terms as established by SDHDA. Tenant selection and termination of any tenancy are also subject to SDHDA standards and requirements. 2. Homeownership Funds may be used for new construction, or acquisition with rehabilitation of single family housing units. Funds may also be used for the development of affordable lots in housing subdivisions if HOF Plan April 2020 9 of 25 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx construction of single family housing units will begin within 12 months of land purchase. The Applicant will have six months from the date of the Conditional Loan Commitment to begin construction on the proposed project. Land banking - the acquisition and holding of land for future use - is prohibited. Eligible costs include land and/or building acquisition with rehabilitation, demolition of existing structures, improvements to the project site that are comparable with the surrounding projects, and utility connections including off-site connections from the property line to the adjacent street. Improvements to the project site may include on-site roads and sewer and water lines necessary to the development of the project. The project site consists only of that property owned by the project owner and upon which the project is located. The development must meet the applicable local and state building codes, and acquisition costs cannot, without prior SDHDA approval, exceed the appraised market value of the property. Funds may also be used to provide development subsidy to homeownership projects which have appraisal gaps. Appraisal gap is defined as the difference between the cost to develop a unit and the appraised value of said unit. Projects utilizing HOF development subsidy must adhere to the HOF project cost limits listed in Section IV.A.1. of this plan. The maximum amount of subsidy per unit is $20,000. Any HOF unit utilizing development subsidy must remain affordable to low-income homebuyers for a 10-year period of affordability. SDHDA will place a covenant on the property to ensure the period of affordability is met. If the property is sold during the period of affordability the seller will receive a “fair return on investment” which includes any capital investment made by the homeowner and seventy-five percent (75%) of net sale proceeds minus capital investment. SDHDA will receive the remaining twenty-five percent (25%) up to the amount of development subsidy provided. Additional requirements for construction standards and requirements can be found in Exhibit 6. a. Homebuyer Qualifications The homebuyer must utilize the HOF assisted residence as his or her principal residence. All homebuyers on the mortgage must participate in homebuyer education, and if warranted, homebuyer counseling and credit counseling. b. Selling Price The selling price of the home shall not exceed the appraised value. For homebuyer activities involving acquisition and rehabilitation, the estimated total cost of the acquisition and rehabilitation, shall not exceed the appraised value. Applicants are to carefully consider the AMI being targeted and develop housing accordingly. SDHDA may reject proposals if the anticipated resale cost of the home is not reasonable for the AMI being served. To help make this determination, the Applicant must consider the percentage of the homebuyer’s income that can be used to pay the principal, interest, taxes, and insurance (PITI). Typically, this is equivalent to PITI being 30 percent or less of the homebuyer's family income. c. Homebuyer Recapture Guidelines If the initial homebuyer sells the HOF financed home prior to the end of the affordability period as defined in Section III.C., SDHDA will recapture the lesser of the SDHDA calculated amount or net HOF Plan April 2020 10 of 25 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx sale proceeds. Net proceeds of a sale are the sales price minus non-HOF loan repayments for prior lien mortgages and any closing costs. The SDHDA calculated amount will be determined by either the program parameters as established by the Applicant, or no less than the current HOF balance. HOF provided as a forgivable loan can be forgiven on an annual basis as the household meets program requirements, based on no less than a 60-month term. d. Lease-Purchase Applicants may provide homeownership through a lease-purchase housing option. The homebuyer must purchase the housing within 36 months of signing the lease-purchase agreement. If at the end of the 36-month period, the household occupying the lease-purchase unit is not eligible or able to purchase the unit, SDHDA may allow an additional six months to identify an eligible homebuyer to purchase the unit. In all cases, if the unit is not purchased by the end of the 42-month project completion period, it must turn into a HOF rental unit and the HOF affordability requirements for rental housing will apply. The housing unit may revert back to homeownership at a future date with approval by SDHDA. The homebuyer must qualify as HOF eligible household at the time the lease-purchase agreement is signed. A qualifying homebuyer may choose to purchase the unit immediately or may lease the unit for up to 36 months while preparing for homeownership. A minimum of five percent of the unit’s predetermined purchase price must be set aside to assist with downpayment and closing costs. If the homebuyer violates the purchase contract for any reason, the homebuyer forfeits the downpayment set aside. The Applicant may then select another HOF qualified homebuyer to continue the lease. The new homebuyer will receive any downpayment set aside remaining after necessary repairs are made. B. ELIGIBLE PROGRAMS The following guidelines must be followed for the types of loans program recipients receive: 80.01% and above: Loan may be repaid or deferred 80% AMI and below: Loan may be repaid, deferred, or forgiven 1. Homebuyer Assistance Eligible programs include providing assistance to qualifying homebuyers with expenses related to the purchase of a home, including those related to gap financing, lease-purchase, and self-help type programs. Additional requirements for Homebuyer Assistance can be found in Exhibit 7. 2. Homeowner Rehabilitation HOF funds can be used to rehabilitate single family, owner-occupied properties. Additional requirement for Homeowner Rehabilitation can be found in Exhibit 8. 3. Homelessness Prevention HOF may be requested for homelessness prevention activities that include tenant based rental assistance, project based rental assistance, payment of security deposits, or other homelessness prevention activities for qualified individuals and families in qualified housing units. HOF funds may be used for acquisition, new construction, or rehabilitation of a building that is or will be used to provide homelessness prevention activities and can be considered as an eligible activity under HOF Plan April 2020 11 of 25 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx housing development. Costs to operate the facility are also eligible for HOF financing. Additional information regarding Homelessness Prevention Activities can be found in Exhibit 9. C. PERIOD OF AFFORDABILITY In consideration of providing HOF for affordable housing, the housing must be kept in compliance and restricted by HOF guidelines for the minimum affordability period specified below, or for the term of the HOF financing, whichever is longer. Additional information regarding SDHDA’s monitoring for compliance can be found in Section VIII of this Plan. Activity Years of Affordability 5 10 15 20 New Construction of Rental Housing with HOF funds invested per HOF unit as follows: Under $50,000 X $50,000 to $100,000 X Over $100,000 X Rental Housing (Rehabilitation or Acquisition of existing housing) with HOF funds invested per HOF unit as follows: Under $50,000 X $50,000 to $100,000 X Over $100,000 X Homeownership Projects Under $15,000 X Over $15,000 X Homebuyer Assistance on New Construction Under $15,000 X Over $15,000 X D. TENANT RELOCATION AND DISPLACEMENT SDHDA typically will not allow permanent displacement of current residents of any project funded with HOF funds. If Applicant is proposing displacement of current residents, Applicant is encouraged to contact SDHDA early on to discuss the situation. E. GUARANTEES SDHDA will require guarantees from the underlying corporate and individual owners of the general partner(s) of the Developer, the individual owners of any “shell entities” with an ownership interest in the Developer or in the Developers general partner(s), and from any guarantors required by other financing sources investing in the project. A guarantee of completion will ensure that the Developer will construct and complete the project. A guarantee of performance will ensure that the project will operate in compliance with all applicable federal, state, and local laws and regulations. A guarantee of reserves will ensure that annual deposits will be made to a replacement reserve account in the amount specified in the loan documents. HOF Plan April 2020 12 of 25 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx IV. FUNDING PROCESS Requests for HOF funds are considered in a two-step process: Application and Conditional Commitment. No program operations, new construction, acquisition, or rehabilitation activities may begin until a start order has been issued by SDHDA. SDHDA reserves the right to not process any application that SDHDA determines is not: (1) complete; (2) consistent with the purposes and goals of this Plan; (3) proposing an eligible activity; or (4) financially feasible. A. APPLICATION STAGE The Applicant must submit a complete application and all documentation referenced in Exhibit 1. Applications will be evaluated according to the following standards. 1. Project Finance Limits The SDHDA Project Finance Limits are not maximum cost limits, but are target or average costs that SDHDA determines to be sufficient for development of affordable housing projects. Total project costs are not limited to the Project Finance Limits; however, SDHDA will utilize them as the basis for the calculation of SDHDA financing and Developer Fees. To ensure efficient use of HOF for development of housing units, SDHDA will review the proposed project costs including: land, site improvements (including existing buildings), construction or rehabilitation costs, fees (architectural, legal, consulting, etc.), developer’s and/or builder’s profit, financing and carrying charges, and all other related soft costs. SDHDA reserves the right to reject any application that it determines, in its sole discretion, to have excessive total project costs. Project Cost Limits will be determined for each project by multiplying the number of corresponding units by the respective per unit finance limit and summing the products. The per unit type finance limits will be broken into three geographic zones as follows: Zone 1: Lincoln, Minnehaha, and Union Unit Type Unit Cost Group Home (per bedroom) $83,100 SRO $98,900 0 Bedroom (efficiency) $116,300 1 Bedroom $133,300 2 Bedroom $163,300 3 Bedroom $192,800 4 Bedroom $212,100 Zone 2: Beadle, Brookings, Brown, Clay, Codington, Davison, Hughes, Lake, Lawrence, McCook, Meade, Pennington, Turner, and Yankton Counties Unit Type Unit Cost Group Home (per bedroom) $87,200 SRO $103,800 HOF Plan April 2020 13 of 25 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx 0 Bedroom (efficiency) $122,100 1 Bedroom $140,000 2 Bedroom $171,500 3 Bedroom $202,500 4 Bedroom $222,700 Zone 3: Aurora, Bennett, Bon Homme, Brule, Buffalo, Butte, Campbell, Charles Mix, Clark, Corson, Custer, Day, Deuel, Douglas, Edmunds, Fall River, Faulk, Grant, Gregory, Haakon, Hamlin, Hand, Hanson, Harding, Hutchinson, Hyde, Jackson, Jerauld, Jones, Kingsbury, Lyman, Marshall, McPherson, Mellette, Miner, Moody, Perkins, Potter, Roberts, Sanborn, Spink, Stanley, Sully, Tripp, and Walworth. Unit Type Unit Cost Group Home (per bedroom) $91,400 SRO $108,800 0 Bedroom (efficiency) $127,900 1 Bedroom $146,600 2 Bedroom $179,700 3 Bedroom $212,100 4 Bedroom $233,300 Zone 4: Indian Reservations: Cheyenne River (Dewey and Ziebach Counties); Crow Creek; Flandreau Santee; Lower Brule; Pine Ridge (Oglala Lakota County); Rosebud (Todd County); Sisseton Wahpeton/Lake Traverse; Standing Rock (Corson County); and Yankton. If the county is not listed after the Reservation, then only the land within the exterior boundaries of the Reservation are within this zone. Unit Type Unit Cost Group Home (per bedroom) $ 99,800 SRO $118,700 0 Bedroom (efficiency) $139,600 1 Bedroom $160,000 2 Bedroom $196,000 3 Bedroom $231,400 4 Bedroom $254,600 Applicants must take into consideration the marketability of the proposed housing units. A component of marketability is residential unit living square footage. SDHDA has established the following residential unit living minimum square footage (sq. ft.) requirements: Group Home – 130 sq. ft. (per bedroom) Single Room Occupancy (SRO) – 300 sq. ft. 0-bedroom (efficiency) – 500 sq. ft. 1-bedroom – 600 sq. ft. 2-bedroom – 750 sq. ft. 3-bedroom – 900 sq. ft. 4 bedroom – 1050 sq. ft. HOF Plan April 2020 14 of 25 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx Acquisition and rehabilitation projects are not subject to the above minimum square footage requirements. SDHDA may waive the minimum square footage requirements, but only when it is justified as being reasonable based on the needs of the tenants being served. 2. Financial Feasibility Feasibility of all applications will be reviewed. For rental development, the long-term financial feasibility must be demonstrated with the submission of a pro forma, reflecting a debt service coverage ratio of not less than 1.15 for the entire affordability period or the term of the loan, whichever is longer. The debt coverage ratio is the net operating income to the total annual debt service. Furthermore, the application must reflect that rental income, any subsidies and reserve funds are sufficient to cover the property’s debt and operating expenses over the period of affordability. Annually, income will be trended at two percent (2%), expenses and replacement reserves will be trended at three percent (3%), and vacancy will be projected at seven percent (7%). A higher vacancy rate may be used for an acquisition/rehabilitation project if the project is currently sustaining higher vacancies and it is not reasonable to expect the project to achieve a seven percent vacancy rate within the first year. Balloon loan repayments will not be allowed. 3. Reserve Accounts To protect financial feasibility, the owner will be required to establish and maintain proper reserve accounts which may be held in escrow by SDHDA. If an existing property does not have established reserve accounts, the Applicant must provide notice to SDHDA at time of application in order to determine how to sustain long-term feasibility. a. Taxes and Insurance: Escrowed at levels estimated to meet projected expenses. b. Replacement: Minimum of $400 per unit, per year, must be initially funded and maintained for the full term of the HOF period of affordability and extended use period or while the SDHDA HOF loan is outstanding, whichever is longer. If not all major systems are replaced or repaired in a rehabilitation project, sufficient reserves must be established to allow for replacement of such components if the normal life span would require such replacement prior to the end of the affordability period and extended use period. c. Operating: Minimum of six months operating reserve from a non-HOF funds source to be used only to pay debt service and operating expenses to prevent an event of default. This account must be maintained for the full term of the HOF period of affordability and extended use period or while the SDHDA HOF loan is outstanding, whichever is longer. An Irrevocable Letter of Credit will also satisfy this requirement. d. Transfer of ownership must be approved by SDHDA. At such time SDHDA is reviewing the request for transfer of ownership, SDHDA may negotiate with existing owner regarding the dollar amount that must be maintained in the operating reserve account, taking into consideration, but not limited to, the physical condition of the development, demand in the housing market, and experience of the proposed owner. 4. Determination of HOF Amount HOF funds are intended to be used as gap financing to make a project financially feasible and may be provided as a loan or as a forgivable loan. The difference between total project costs and total available financing resources (including owner equity requirements) is referred to as the gap. HOF Plan April 2020 15 of 25 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx If HOF funding is in the form of a loan, the payback schedule and interest rate, which will be from zero to four percent, will be determined based on the project's feasibility. Based on this evaluation, SDHDA will estimate the amount of HOF funds to be reserved for each application. The analysis to determine the necessary amount of HOF funds will be done at the time of application, at the time a conditional commitment is approved, and at the time the project is placed in service, provided all project costs are finalized and certified. Current rents, along with any anticipated changes in operating expenses, will be utilized at each underwriting stage. B. CONDITIONAL COMMITMENT STAGE Upon notification of a conditional commitment from the SDHDA Board, SDHDA will issue a Conditional Loan Commitment or Subrecipient Written Agreement to the Applicant outlining the terms and conditions of the HOF funding. The applicants will be required to accept the Conditional Loan Commitment by returning the signed letter within 30 days of board approval. Failure to accept the Conditional Loan Commitment may result, in SDHDA’s sole discretion, in a forfeiture of the HOF Award. Applicants will be required to provide additional information and documentation as outlined in Exhibit 1. The Applicant will have six months from the date of the agreements to provide the necessary documents, close the HOF loan and begin construction or rehabilitation on the proposed project or begin program services. Failure to start within this timeframe may result, in SDHDA’s sole discretion, in a forfeiture of HOF funds. Changes to Project. The award of HOF funds is based upon information provided in the application and supporting documentation. Any significant change in an application, once it has been ranked and awarded HOF funds, may result, in SDHDA’s sole discretion, in a forfeiture of HOF funds. A significant change include, but is not limited to, any reduction in the number of bedrooms per unit or square footage of the units, decrease in number of total units, change in financial feasibility, income being served, project amenities, location, services being offered or any change that, had it been in the original project, might have resulted in the project receiving a different ranking or may have influenced the conditional commitment of HOF funds. Any changes to the project must be pre- approved by SDHDA prior to implementation. C. DISBURSEMENT OF HOF FUNDS 1. Loan Documentation Loan documents may include but are not limited to a Conditional Loan Commitment, Subrecipient Written Agreement, Mortgage Note, Mortgage 180 Day Redemption, Security Agreement, and Fixture Filing, Assignment of Rents and Leases, Declaration of Land Use Restrictive Covenants, Regulatory Agreement, Personal Guarantee, Corporate Guarantee, Building Loan Agreement and Sworn Construction Statement, as applicable. 2. Program/Construction Start A HOF financed program or new construction or rehabilitation of a building(s) may begin when SDHDA has received all executed loan documentation and the applicant has received a written authorization to start from SDHDA. The program must begin, or construction must commence, no later than six months after execution of the Subrecipient Agreement or the loan commitment. HOF Plan April 2020 16 of 25 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx 3. Draws For housing development, SDHDA will typically disburse funds at 25 percent, 50 percent, 75 percent and 100 percent of construction completion based on receipt of lien waivers from all contractors, bills and receipts for all costs outside of the construction contract, an updated Sworn Construction Statement, AIA Forms G702 Application and Certificate for Payment and G703 Continuation Sheet evidencing the percent of project completion, as applicable. SDHDA will retain 10 percent of final draw until all final project completion information is received, a portion of which will be the final payment of the Developer’s fee. SDHDA will make periodic site reviews of the project throughout the construction period and at the completion of construction. For HOF funded programs, draws will typically be on a reimbursement basis with applicant requesting HOF funds no more than twice per month. SDHDA may allow pre-funding of programs in an amount not to exceed 10 percent of the HOF award amount. Administrative fees may only be requested after services have been provided and will be reimbursed for documented expenses or 10 percent of the HOF award, whichever is less. 4. Cost Certification For projects receiving more than $250,000 of HOF funds, or projects with over $500,000 total project cost, the owner will be required to submit a complete cost certification on SDHDA approved forms prepared by a Certified Public Accountant prior to the final disbursement of HOF funds. All cost overruns are the responsibility of the owner. SDHDA may reduce the amount of HOF funds committed to a project based on a cost certification indicating reduced total project cost, change in financing, or increase in cash flow since the time of the HOF funds commitment. 5. Loan Repayment HOF loan repayment will begin approximately six months from the date the project is placed in service with interest accrual beginning at time of the first disbursement of loan proceeds. Loan forgiveness or loan repayment terms and conditions will be further defined in the Promissory Note. 6. Recapture of HOF Funds Unless otherwise noted in the HOF loan documents, HOF funds provided for programs or housing units are subject to recapture by SDHDA if HOF criteria are not met, including but not limited to meeting the affordability requirements or program eligibility. Any funds recaptured by Subrecipient must be returned to SDHDA. Penalties, including interest for the period of time during which the property was out of compliance, may apply. If HOF funds are expended on a project that is terminated prior to completion, the HOF funds previously disbursed must be repaid with interest calculated based on one year Treasury rates as of the date of cancellation. V. PROJECT SELECTION CRITERIA FOR HOUSING DEVELOPMENT Proposals will be reviewed initially for completeness, including all submission requirements referenced in Exhibit 1 and scored based on the following selection criteria. Housing development projects must score a minimum of 300 points to be considered for funding. HOF Plan April 2020 17 of 25 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx A. LOCAL HOUSING NEED (MAXIMUM 100 POINTS) All Applicants must submit a narrative addressing and documenting the local housing need. Refer to Exhibit 2 for additional information on what is required for documenting the local housing need. The applications for communities considered to be facing the highest overall housing need will receive the highest score. All other applications will be ranked against the highest scoring Applicants. Communities with two or more low-income housing projects under construction or in the process of rent-up (less than 90 percent occupied) may receive zero points in this category. Communities demonstrating increased economic development and the immediate demand for housing will be considered as having a greater housing need. B. INCOME TARGETING (MAXIMUM 100 POINTS) Each of the following set-aside elections are separate and can be combined for up to 100 points and up to 100 percent of the units being restricted. An application can elect to set aside units for different AMIs, but a unit cannot be used to serve more than one set-aside election. % of Units Restricted AMI Target Points Awarded 10% 30% 10 10% 50% 7 10% 80% 5 10% 115% 2 For example, a proposal that elects to set aside HOF assisted units for households not exceeding 30 percent of AMI will receive 10 points for every 10 percent of the units set aside for 30 percent AMI. C. EXTENDED USE COMMITMENT (MAXIMUM 10 POINTS) Applicants who make a commitment to extend the affordability period for 10 years beyond the required affordability period as defined in Section III.C. Period of Affordability will receive 10 points. Applicants choosing to extend the affordability period will be prohibited from applying for HOF for the same development during the extended use period. D. SUPPORT FROM LOCAL SOURCES (MAXIMUM 25 POINTS) Proposals containing one of the following will receive up to 25 points: a. Financial support from local governmental/private incentives, including but not limited to cash, in-kind services, or tax abatements, to reduce project costs or enhance feasibility; or b. Other private or foundation assistance to achieve greater affordability; or c. Non-fee based partnerships with other agencies which enhance the capacity of the Applicant. E. SERVICE ENRICHED HOUSING (MAXIMUM 20 POINTS) Projects providing verifiable on-site services to tenants which may include but are not limited to the following types of projects may receive up to 20 points depending upon the extent of the services. Refer to Section IX Definitions for further guidance on service enriched housing. a. Homeless HOF Plan April 2020 18 of 25 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx b. Persons with physical disabilities c. Persons with mental disabilities d. Persons with developmental disabilities e. Housing for Older Persons 62 or Older f. Other Note: SDHDA, the Department of Human Services (DHS), and the Department of Social Services (DSS) have entered into an agreement whereby full integration of citizens with disabilities into individualized housing settings rather than group home type housing will be promoted. All housing designed specifically for people with disabilities must receive prior approval from DHS and/or DSS before submitting an application to SDHDA. Documentation of approval or that an application has been submitted to DHS or DSS must be submitted with the application. Applicants serving the homeless are required to participate in the Homeless Management Information System (HMIS), through SDHDA. F. PERCENTAGE OF SOFT COSTS USED FOR PROJECT COSTS (MAXIMUM 40 POINTS) Reasonable and necessary soft costs associated with the development of housing may include the following: a. Architectural, engineering or related professional services. b. Financing costs such as origination fees; credit reports, title insurance, fees for recordation and filing of legal documents, building permit fees, attorney’s fees directly related to the project; appraisal fees and fees for independent cost estimates; and developer’s fee or builder’s fee. c. Costs for an audit or cost certification that SDHDA may require with respect to the development of the project. d. Costs to provide information services such as affirmative marketing and fair housing information to prospective homeowners and tenants as required by Fair Housing. e. Developer’s Fees which may not exceed 10 percent of the total project costs. For purposes of the foregoing limitations, “total project costs” do not include any costs that exceed the Project Cost Limits. The Developer Fee includes the Consultant’s Fee and will be limited to the fee calculated at the time of Board reservation. If developers defer their Developer Fee, the amount deferred will be underwritten as a project financing source. f. Consultant’s Fees will be included within the Developer’s Fee limitation, but individually cannot exceed two percent of the total project costs. The Consultant will be expected to provide services through completion of the development. HOF Plan April 2020 19 of 25 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx g. Builder/General Contractor’s Fees: Builder's Profit is limited to six percent, Builder's Overhead is limited to two percent, and General Requirements is limited to six percent of the total project hard costs for the project. An application with soft costs that are less than 20 percent the total project costs will be awarded up to 40 points as set forth below: % Soft Costs Points Awarded 0.00% - 9.99% 40 10.00% - 14.99% 30 15.00% - 19.00% 20 Soft costs include, but are not limited to all items in a - g of this section and operating and rent-up reserves, origination fees, and partnership organizational fees. G. READINESS TO PROCEED CRITERIA SDHDA, at its discretion, may award up to 130 points to projects that most clearly demonstrate readiness to proceed. Such determination will include the following factors: 1. Plans and Specifications (Maximum 25 Points) Applications containing architectural plans/working drawings that are at least 50 percent complete or a physical needs assessment for rehabilitation projects will be awarded 25 points. 2. Site Control (Maximum 25 Points) Applications containing documentation that the Applicant and/or owner has a recorded warranty deed, a recorded long term lease, or approval of Transfer of Physical Assets (TPA) from the appropriate HUD, Rural Development, or SDHDA office for existing projects in the name of the Applicant will receive 25 points. Applications containing an option agreement will receive 10 points. Applications containing a letter of interest will receive 5 points. Applicants should be cautioned that a conditional commitment of HOF funds is site specific, therefore any changes to the site may require a full review of the application and reconsideration by SDHDA. 3. Construction Financing (Maximum 30 Points) Applications containing documentation of enforceable construction/interim financing commitments executed by the Applicant and Lender, as applicable for the project, will receive up to 30 points. 4. Permanent Financing (Maximum 30 Points) Applications containing documentation of enforceable permanent financing commitments executed by the Applicant and Lender, and disclosing a fixed interest rate, term of at least 15 years, and all conditions may receive 30 points. Generally, an enforceable financing commitment is a written approval of a loan or grant from a lender which is subject only to conditions of which are within the Applicant’s control (other than the award of other funding). The loan commitment HOF Plan April 2020 20 of 25 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx must contain a representation and acknowledgement from the lender that such lender has reviewed the HOF application submitted by the Applicant to SDHDA in support of the HOF for the project to which such commitment relates and that such lender acknowledges that the project will be subject specifically to rent and income restrictions and other special use restrictions agreed to by the Applicant. Commitment with fixed rate and term of less than 15 years may receive 10 points. 5. Zoning (Maximum 10 Points) Applications containing documentation that the project site is properly zoned for its proposed use will receive 10 points. 6. Platting (Maximum 10 Points) Applications containing documentation that the project site has had a final plat recorded (includes referencing plat book and number) will receive 10 points. H. PROJECT CHARACTERISTICS (MAXIMUM 200 POINTS) Points will be awarded up to 200 points based on the Exhibit 4 that has been completed (points indicated) and signed by the Applicant and architect. Characteristics indicated by the Applicant and architect will be verified by SDHDA staff based on final architectural plans, specifications, and a physical inspection prior to final disbursement of HOF funds. I. FINANCING TYPE (MAXIMUM 25 POINTS) HOF funds may be utilized in a variety of financing options. Forgivable loans will receive zero points. Points will be awarded as follows: Financing Options Points Awarded Guaranty or Regular Amortization Loan 25 Points Irregular Amortization Loan 15 Points Cash Flow/Deferred Mortgage 5 Points VI. PROJECT SELECTION CRITERIA FOR PROGRAMS Proposals will be reviewed initially for completeness, including all submission requirements referenced in Exhibit 1 and scored based on the following selection criteria. A. PROGRAM DEMAND (MAXIMUM 100 POINTS) All Applicants must submit a narrative addressing and documenting the need for the proposed demand, via a waiting list, etc. If the services are a continuation of an existing program, provide explanation of why the HOF funds are necessary, whether the HOF funds are expanding the services, replacement of other funds, etc. If HOF funds are being requested for a new program, applicant must document how the need for additional services was determined and whether other service agencies provide similar services in that geographic area. HOF Plan April 2020 21 of 25 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx B. INCOME TARGETING (MAXIMUM 100 POINTS) Each of the following set-aside elections are separate and can be combined for up to 100 points and up to 100 percent of the units being restricted. An application can elect to set aside units for different AMIs, but a unit cannot be used to serve more than one set-aside election. % of Units Restricted AMI Target Points Awarded 10% 30% 10 10% 50% 7 10% 80% 5 10% 115% 2 For example, a proposal that elects to set aside HOF assisted units for households not exceeding 30 percent of AMI will receive 10 points for every 10 percent of the units set aside for 30 percent AMI. Proposals for homelessness prevention activities will be scored as serving 100 percent at 50 percent AMI, unless otherwise documented in the application. C. EXTENDED USE COMMITMENT (MAXIMUM 10 POINTS) Applicants who make a commitment to extend the affordability period for 10 years beyond the required affordability period as defined in Section III.C. Project Period of Affordability will receive 10 points. Applicants choosing to extend the affordability period will be prohibited from applying for HOF for the same development during the extended use period. D. FINANCIAL SUPPORT FROM LOCAL SOURCES (MAXIMUM 25 POINTS) Proposals containing one of the following will receive up to 25 points: a. Financial support from local governmental/private incentives, including but not limited to cash, in-kind services, or tax abatements, to reduce project costs or enhance feasibility; or b. Other private or foundation assistance to achieve greater affordability, or c. Non-fee based partnerships with other agencies which enhance the capacity of the Applicant. E. PROGRAM POLICY AND PROCEDURE MANUAL (MAXIMUM 30 POINTS) Applicants who submit a written policy and procedure manual for their proposed program are eligible to receive up to 30 points. The manual, at a minimum, must outline the process for receiving applications, approving recipients, verifying income eligibility, and implementing the program. In order to receive full points, the manual must also include the forms to be utilized by the Applicant in administering the program. F. OTHER PROGRAM FUNDS (MAX IMUM 30 POINTS) Applications containing written documentation of committed funds to be utilized in the program as match or leveraging for like activities, will receive up to 30 points. Points will not be awarded for additional funding provided by SDHDA as the match. HOF Plan April 2020 22 of 25 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx G. FINANCING TYPE (MAXIMUM 25 POINTS) HOF funds may be utilized in a variety of financing options. Points will be awarded as follows: Financing Options Points Awarded Guaranty or Regular Amortization Loan 25 Points Irregular Amortization Loan 15 Points Cash Flow/Deferred Mortgage 5 Points H. PARTNERING WITH OTHER AGENCIES (MAXIMUM 30 POINTS) HOF applicants who can document via written agreements, partnering with other agencies to provide a continuum of services, without duplicating services, will be awarded up to 30 points. The services being coordinated must be related services that enhance the success of the program recipients. An example would be the homelessness prevention provider partnering with a job service provider to find employment opportunities for the clients. Points will not be awarded for services that SDHDA already requires. VII. OTHER REQUIREMENTS A. FAIR HOUSING AND EQUAL OPPORTUNITY All Applicants and owners must adhere to Title VIII of the Civil Rights Act of 1968 (Fair Housing Act), as amended, which prohibits discrimination in the sale, rental, and financing of dwellings, and in other housing-related transactions, based on race, color, national origin, religion, sex, familial status (including children under the age of 18 living with parents or legal custodians, pregnant women, and people securing custody of children under the age of 18), and disability. Additional information can be found at - https://www.hud.gov/program_offices/fair_housing_equal_opp. B. LEAD-BASED PAINT Applications that involve the renovation, sale or leasing of housing units built before 1978, must address the potential of lead-based paint hazards. Before renting or selling pre-1978 housing, landlords and sellers must disclose the presence of known lead-based paint and lead-based paint hazards in the dwelling. In addition, rehabilitation, renovation, repair, and painting activities that disturb lead-based paint (like sanding, cutting, replacing windows, and more) must be done within safe work practices. For additional information regarding lead based paint and safe work practices, please visit the following websites – https://www.epa.gov/lead or - https://www.hud.gov/program_offices/healthy_homes/healthyhomes/lead. C. CONFLICTS OF INTEREST Applicants must disclose to SDHDA if any conflicts of interest exist. A conflict of interest is deemed to exist whenever an individual is in the position to approve or influence the policies or action of the project which involve or could ultimately harm or benefit financially: (a) the individual; (b) any member of his immediate family (spouse, parents, children, brothers or sisters, and spouses of these individuals); or (c) any organization in which he or an immediate family member is a Director, trustee, officer, member, partner or more than 10% shareholder. Service on the board of another nonprofit corporation does not constitute a conflict of interest. HOF Plan April 2020 23 of 25 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx D. DEBAREMENT AND SUSPENSION Owners and contractors are prohibited from employing, awarding contracts, or funding any contractors or subcontractors that have been debarred, suspended, proposed for debarment or placed on ineligibility status by the federal government. In addition, any owners who are debarred, suspended, or proposed for debarment will be prohibited from participating in the HOF program. Those excluded from participating are listed on the Excluded Parties List System found at https://www.sam.gov/SAM/. E. HISTORIC PROPERTIES Applicants proposing rehabilitation of a structure which is over 50 years old should contact the local and State Historical Preservation Offices to determine if the proposed rehabilitation will have any effect on the historical significance of the structure or if adherence to the National Historic Preservation Act (16 U.S.C. 470) is required. F. FLOOD INSURANCE HOF funds may NOT be used in connection with new construction or purchase of housing unit(s) located in an area identified by the Federal Emergency Management Agency (FEMA) as having special flood hazards (areas of high risk of flooding). SDHDA may require a flood certification for any project. SDHDA will not allow HOF funds to be used for rehabilitation of housing units that are located in FEMA designated special flood hazard areas, unless flood insurance has been purchased for the property or the property is located in an area of low risk and the proposed rehabilitation was not caused by flooding, drainage, or other ground water issues. VIII. MONITORING FOR COMPLIANCE SDHDA will monitor each project for compliance with HOF program requirements during the affordability and extended use periods. HOF program compliance will be assessed through annual reporting, certifications, and on-site reviews conducted by SDHDA staff. SDHDA will provide a HOF program compliance guide detailing required responsibilities and provide compliance training for Applicants. SDHDA will require the owner or management company to attend Fair Housing compliance training prior to final disbursement of funds and at a minimum of once every three years from the date of final disbursement of funds. SDHDA may impose financial penalties for non-compliance. All HOF program, rent, and occupancy requirements, along with other special use restrictions imposed under the Plan, will be made part of the Declaration of Land Use Restrictive Covenants or Subrecipient Agreement. IX. DEFINITIONS Affordability: Affordability refers to the requirements of the HOF program that relate to the cost of housing both at initial occupancy and over established timeframes. Affordability requirements vary depending on the nature of the HOF assisted activity (i.e., homeownership or rental housing) and the amount invested. HOF Plan April 2020 24 of 25 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx Aff ordable Housing: Housing that is affordable if the total housing costs, which includes rent, utilities, mortgage, and related expenses, represents no more than thirty percent of gross household income for the AMI being served. Affordable Units: Housing units targeted for 115 percent of AMI or less. Annual Income: For rental housing, SDHDA uses the annual income definition as defined in 24 CFR Part 5.609 (Part 5 Annual Income). For homebuyer activities, SDHDA uses the adjusted gross income as defined for purposes of reporting under Internal Revenue Service (IRS) Form 1040 series for individual federal annual income tax purposes. Applicant: Applicant refers to the owners, developers, and sponsors involved with the project. Area Median Income (AMI): The income determined by HUD on which HOF income limits and rent limits are based. Builder’s Profit: Compensation to the builder for completing the construction contract. Builder’s Overhead: Builder's business expenses (e.g., rent, insurance, heating, etc.) not chargeable to a particular part of the work or product to build the project. Commitment: The written, legally binding agreement between SDHDA and the project owner providing HOF funds to a project. Developer’s Fee: Compensation to the developer for time and risk involved to develop the project. General Requirements: An allowance for the contractor’s project-related expenses, such as building permits, fencing around the site, temporary storage for materials, and the cost of a performance and payment bond, etc. Group Home: A congregate residential facility, other than a supervised apartment, for individuals with developmental disabilities which is certified by the State Department of Human Services according to ARSD 46:11 to provide residential services, training in skills needed for independent living, recreational activities, and basic supervision for individuals with developmental disabilities. HUD: U.S. Department of Housing and Urban Development. HUD Housing Quality Standards (HQS): The performance standards for housing as established in 24 CFR Part 882 and amended by the Lead Paint Regulations in 24 CFR Part 35. New Construction: Any project involving adding units outside the existing walls of the structure, the construction of new residential units, and the acquisition of land or the demolition of an existing structure for the purpose of constructing a new structure. Reconstruction Project: A project that replaces an existing building’s floor plan with an overall new floor plan for residential living units or that replaces an existing building’s residential unit plans with new residential unit living plans. Service Enriched Housing: Projects providing affordable rental housing (permanent or transitional) that include services and assistance that are available to residents upon request. The HOF Plan April 2020 25 of 25 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx services must be unique to the property, verifiable, on-site, long -term, and provided on a daily or continuous basis. The services may be provided by the owner, the management company, or a third-party organization but must be tailored to individual residents and managed by the property. There must be a definable increase in project development costs and or operating cost to the owner to be able to provide the services. The application must include a letter of intent from the service provider detailing the services to be provided, the tenants that will receive the services, the method of delivering the services, and the staffing for the services which may include but is not limited to the following: a. Homeless b. Persons with physical disabilities c. Persons with mental disabilities d. Persons with developmental disabilities e. Housing for Older Persons 62 or older (Assisted Living or Congregate Care Facilities as defined under Definitions) f. Assisted Living or Congregate Care Facilities as defined under Definitions g. Other Services and assistance are not a requirement for tenancy but there must be a mechanism for immediate support and assistance when requested by any resident. Single Family Project: A project consisting of individual single family dwellings or a project with one or more buildings containing four or less units per building. Single Room Occupancy (SRO): Housing (consisting of single room dwelling units) that is the primary residence of its occupant or occupants. The unit must contain either food preparation or sanitary facilities (and may contain both) if the project consists of new construction, conversion of non-residential space, or Reconstruction. For acquisition or rehabilitation of an existing residential structure or hotel, neither food preparation nor sanitary facilities are required to be in the unit. If the units do not contain sanitary facilities, the building must contain sanitary facilities that are shared by tenants. HOF Plan April 2020 1 of 4 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx EXHIBIT 1 REQUIRED SUBMISSIONS FOR COMPLETE APPLICATION A. Applications must be submitted using the appropriate SDHDA HOF Application Form. There are two separate application forms – Rental Development and Homeownership and Programs. SDHDA may reject applications with incomplete or incorrect information. For an application to be considered as complete, the application form must be completed and signed and the application must include the following items. Applications submitted for Programs must include the following: 1. Completed and signed application form. 2. Documentation of Program Demand (Section VI.A.). 3. Project narrative outlining the program characteristics (services provided, clients served, partner agencies, other funding sources, etc.). 4. At least two letters of local support for the proposed program. The letters must be from local organizations such as the city office, economic development corporation, public housing authority, employers, commercial lenders, etc. 5. Information regarding the Applicant/owner, including staff and years of experience in housing or related field or service area. i.e. resume’s 6. If applicable, documentation of financial support from local sources (Section VI.D.). 7. If applicable, program policy and procedure manual (Section VI.E.). 8. If applicable, documentation of other program funds being provided as match funding (Section VI.F.). 9. If applicable, written agreements with partnering service agencies (Section VI.H.). 10. Any other information requested by SDHDA. Applications for new construction and rehabilitation of housing units for both rental and homeownership must include the following, unless otherwise stated: 1. Completed and signed application form. 2. Documentation of Local Housing Need (Section V.A. and Exhibit 2). 3. Project narrative outlining the project and program characteristics (services provided, tenants served, amenities provided, financing proposed, etc.). 4. At least two letters of local support for the proposed housing units. The letters must be from local organizations such as the city office, economic development corporation, public housing authority, employers, commercial lenders, etc. HOF Plan April 2020 2 of 4 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx 5. Information regarding the Applicant/owner, including staff and years of experience in housing or related field or service area. i.e. resume’s 6. Copy of utility allowance calculation and supporting documentation from the local Public Housing Authority or utility provider – required for rental projects only. 7. Pro Forma for the entire affordability period, extended use, or the term of the HOF loan, whichever is greater (Section IV.A.2.) – required for rental projects only. 8. Supporting documentation for all annual operating expenses evidencing how the Applicant arrived at the proposed amounts (e.g., calculation of real estate taxes from county assessor). If the proposed project involves rental acquisition and/or rehabilitation, this requirement may be met with the submission of three years of historical financial information – required for rental projects only. 9. Documentation of site control. i.e. recorded deed, signed purchase agreement 10. Architectural plans containing a site plan showing the general build-up of the site including the location of all proposed building, streets, parking areas, service areas, playgrounds, etc., and typical floor plan, providing dimensional plan for each typical living unit (Section V.G.1.). 11. Documentation of how the project site is zoned at the time of application and documentation that reflects the current status of a project’s plat (Section V.G.5 and 6). i.e. zoning letter from the City or County 12. Letter of notification to the applicable local housing authority – required for rental projects only. 13. Completed Exhibit 4 signed by the Applicant and Architect indicating the features included in the project (Section V.H. and Exhibit 4). 14. If applicable, letter of intent from the service provider detailing the services, the tenants who will receive the services, the method of delivering the services that will be provided, and the staffing for the services (Section V.E.) – required for rental projects only. 15. Letter of intent evidencing the preliminary arrangements for construction, interim, and permanent financing, including the amount of the loan, the interest rate, and the term (Section V.G.3. and 4). a. NOTE: Interim financing (bridge loan) fees will not be allowable project costs if financing is provided by an entity or individual having a financial, business, or family relationship with the developer, builder, syndicator, or Applicant. Only interest costs at or below market rate will be allowed. 16. If applicable, documentation of support from local sources (Section V.D.). 17. For projects involving acquisition and/or rehabilitation: a. Relocation plan and budget; HOF Plan April 2020 3 of 4 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx b. List of tenants occupying the property currently and for the four months previous to application submission. c. Three years of historical financial information. d. Detailed description of the rehabilitation to be completed for the exterior, interior and by apartment unit and the corresponding cost. To obtain points under Section V.G.1. (Readiness to Proceed Criteria) Applicant must submit a physical needs assessment. 18. Documentation of utility availability (i.e. water, sewer, electric, natural gas) or proposed dates as to when all utilities will be available at the project location. i.e. letters from all applicable utility providers stating availability 19. If applicable, copy of Consultant Agreement. 20. If applicable, copy of Lease Purchase Management Plan. 21. Any other information requested by SDHDA B. Conditional Commitment All requirements in this section must be provided, within 120 days from the date of the Conditional Loan Commitment or the Subrecipient Written Agreement and before closing and funding of the HOF financing. Applicants for programs and housing development must submit the following: 1. Information on the ownership entity, including an executed copy of the partnership agreement or articles of incorporation, or articles of organization; a copy of the certificate of registration from the Secretary of State in the State of South Dakota; and a copy of federal taxpayer identification number. 2. An affidavit executed by the owner, general partner, or an officer or a director stating that under penalties of perjury all facts and statements contained in all documents and exhibits submitted in conjunction with the application for HOF funds are true and accurate to the best of his or her knowledge. 3. Signed commitments for all funding sources (conventional lender, foundations, local financing, etc.) associated with the project including the amount, conditions, rate and term. 4. Any additional information SDHDA may deem necessary. In addition to the above, program applicants must submit a copy of the program policies and procedures outlining how the program will be administered including copies of the template forms and documents. In addition to the above, applicants for new construction and rehabilitation of housing units for both rental and homeownership must submit the following: 1. Signed commitments for all funding sources (conventional lender, foundations, local financing, etc.) associated with the project including the amount, rate and term. 2. Site ownership documented by a recorded contract for deed, warranty deed, or long-term lease (lease must be for longer than the minimum affordability requirement or through the HOF Plan April 2020 4 of 4 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx extended use period). All ownership by contract for deed must include an amendment to the contract which states the deed holder is knowledgeable of and agrees to comply with all requirements of the HOF Program regulations for the period of affordability and/or any extended use pledged in the application. 3. Final itemization of the project costs including both hard cost and soft costs (including a copy of the contractor’s contract). 4. Final architectural plans and specifications. Architectural plans for new construction of rental units must be stamped by the project Architect and Engineer. 5. Copy of the proposed management plan, management agreement, resident selection policy, Section 504 reasonable accommodation policy, and the intended lease to be utilized for the project – required for rental projects only. 6. Projects involving acquisition of an existing property must submit a “Market Value As Is” appraisal. Projects involving rehabilitation or new construction must submit a “Market Value As If Completed” appraisal. Such appraisals must meet the Uniform Standards of Professional Appraisal Practice (USPAP) and completed by an independent, State Department of Revenue and Regulation certified appraiser. (https://dlr.sd.gov/appraisers/appraiser_roster.aspx). Applicant will pay for all costs of the appraisal, which costs may be included in the HOF financing. 7. Rehabilitation of housing developments consisting of 20 units or more will be required to submit a physical needs assessment. The physical needs inspector must be approved by SDHDA. The Applicant must pay for all costs of the physical needs assessment which costs may be included in the HOF financing. 8. Projects involving acquisition and/or rehabilitation of a pre-1978 property must provide information on how they will comply with lead-based paint requirements. HOF Plan April 2020 1 of 2 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx EXHIBIT 2 LOCAL HOUSING NEED REQUIREMENTS All Applicants must submit documentation evidencing the need for the proposed housing. Projects involving rehabilitation of existing housing units may provide three year’s occupancy records to demonstrate the housing need. However, if the proposed project will dramatically alter the units and tenancy and the development consists of 20 or more units, then a third-party market analysis must be submitted. Applicants proposing construction of fewer than 20 new housing units may provide their own analysis of housing demand, and will not be required to contract with a third-party analyst. Applicants proposing to construct 20 or more new housing units must submit a third-party market analysis. The analyst completing the study must be unaffiliated with the developer and have housing knowledge and experience. A South Dakota licensed appraiser who is MAI certified and meeting the criteria listed may also complete the market study. The analysis of housing demand must have been completed within the last six months from the application date. The documentation of housing need and the third-party market study must address the following: 1. Review of proposed site including color photos of the site and adjoining property; description of site characteristics including the size, shape and general topography; and evaluation of the accessibility and visibility of the site; 2. Review of the proposed project including the number of units by number of bedrooms and bathrooms, income levels to be served, rent to be charged, calculating utility allowances and amenities to be provided; 3. Review of existing community services and their proximity to the proposed project including a site map identifying such services; 4. Review and listing of existing multifamily projects in the market area for both affordable housing (Section 8, HOME and Rural Development) units and market- rate units listing the type of housing, location, number of bedrooms, number of bathrooms, size of units, condition of buildings, vacancy rates, waiting lists, amenities, utility allowances (whether included in rent or not), and rental rates; 5. Review of projected new housing projects (BOTH affordable and market rate, rental and homeownership) including number and type of building permits issued in the past three years; 6. Review of current population characteristics, such as total population, income levels, age breakdown, migration trends, and five year projection of future changes to the population and its characteristics; 7. Review of the type of employment opportunities and entry-level wages including economic changes proposed that could potentially affect the number of jobs or wages; HOF Plan April 2020 2 of 2 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx 8. Review of existing housing conditions and projected rental housing demands, including the breakdown of the number, size and rent level of units necessary to fill the demands of the community; 9. Review of meeting/correspondence with local planners, housing and community development officials, employers, and market participants to evaluate the local perception of the need for additional housing; and 10. Executive Summary with a precise statement of the conclusions reached by the analyst. The statement must include the analyst’s opinion of (i) market feasibility, (ii) the prospect of long-term performance of the property given housing and demographic trends and economic factors, (iii) recommended modifications to the proposed project, (iv) market related strengths and weaknesses, (v) positive and negative attributes and issues that will affect the property’s lease-up and performance, and (vi) the impact the subject property will have on the existing multifamily projects. The following issues must be considered for each potential market before the development of additional units is pursued: 1. Whether the community experienced growth in recent years and is projected to continue to grow. 2. Whether there has been any significant changes in the economic arena for the area, such as major employers leaving or moving into the area or are expected to leave or move in. Note that the definition of "major" will vary by community. 3. A determination as to whether vacancies that may have existed prior to the population growth have been absorbed, or whether there are vacancies in the market area now. If there are the vacant units, they need to be evaluated to determine if they are obsolete, have deferred maintenance, have deep rental subsidies, or qualify for Section 8 Vouchers (if available). 4. Determine if the need is for housing for families, young professionals, retirees, or the elderly, and what the most suitable housing would be for the identified population; such as whether there is a need for single family homes, townhouse or condominium type housing units with lower maintenance requirements, independent apartments, congregate housing, or assisted living units. Also, determine if there are existing vacant units or structures in the community or region that could be rehabilitated or moved in to address the demand for housing in a more affordable manner than new construction. 5. A determination must be made as to whether there is a need for market rate housing or housing targeted to lower income households. HOF Plan April 2020 1 of 1 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx EXHIBIT 3 APPLICATION CHECKLIST The following items must be submitted with the Application form to ensure a complete application is received by SDHDA. Please refer to the HOF Plan and application for clarification of any submission items. Submission Item Enclosed Meet SDHDA Requirements All Applications: 1. Completed/Signed Application Form 2. Local Housing Need/Program Demand 3. Project Narrative 4. Letters of Local Support 5. Applicant/Owner Information Applications for Development of Housing Units 6. Utility Allowance Calculation 7. Pro Forma 8. Documentation of Operating Expenses 9. Site Control 10. Architectural Plans 11. Zoning Letter and Project Plat 12. PHA Notification 13. Executed Project Characteristics (Ex. 4) 14. Documentation of Financing 15. Availability of Utility Service The following items may not be applicable to every project but Applicant must carefully review the following and submit what is pertinent to their application for documenting points or meeting submission requirements. 1. Documentation of Local Support 2. Service Provider Letters 3. Acquisition/Rehabilitation Projects: a. Relocation Plan b. Rehabilitation Listing c. Three Years Historical Financials d. Tenant Rent Roll 4. Lease Purchase Management Plan 5. Copy of Consultant Agreement 6. Copy of Policy and Procedures 7. Documentation of Other Program Funds 8. Copy of Partnership Agreements HOF Plan April 2020 1 of 6 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx EXHIBIT 4 MULTIFAMILY PROJECT CHARACTERISTICS Applicant only eligible to receive up to 200 points. Indicate if the project will include each characteristic by placing an X in the box to the left of each applicable line item. NOTE: No points are allowed for characteristics associated with previous phases. Minimum standards apply to all new construction projects; however, rehabilitation or Reconstruction projects should also strive to meet these minimum standards. Site Exterior Parking: Minimum Standards At a minimum, the parking lot will be engineered asphalt, having concrete curb and gutter where required. Single Family home developments must contain concrete off-street parking for two vehicles. For multifamily developments, each efficiency, 1 and 2 bedroom units must have 1-1/2 parking spaces and each 3 and 4 bedroom units must have 2 parking spaces. The number of handicap designated spaces must equal the amount of handicap units. In the event that local jurisdiction codes exceed this total then the local code supersedes these requirements. Garage counts as parking space(s). 10 points Multifamily projects that include carports capable of parking at least 1 vehicle per unit or a garage for at least 50% of the units. At a minimum the carports are to be constructed of weather resistant steel, attached to footings or a thickened concrete slab, contain a concrete slab and meet minimum code design requirements. 15 points Multifamily projects with off-street concrete parking lot that meets above requirements. 25 points Multifamily projects that includes a garage capable of parking at least 1 vehicle for all units. Sidewalks: Minimum Standards A concrete sidewalk will be provided from the primary entrance door and any accessible entry door to a public right of way. Exterior Landscaping: Minimum Standards New Construction should have a minimum of a live landscaped area of no less than 5% of the hard surfaced area of the project site. Hard surface includes building pad as well as all sidewalks, parking lots and other hard finish areas. Minimum Standards Multifamily rental project of 16-47 units must have at least one Section 504 compliant playground area. Projects of 48 or more units, must have at least two Section 504 compliant playground areas. A basketball court, skate park or other like area approved by SDHDA would also qualify as a second playground. Three play components are required per playground area with a minimum of one ground level play component on an accessible route. If additional types of ground level play components are incorporated each type must be on an accessible route. HOF Plan April 2020 2 of 6 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx Minimum Standards A minimum of a 4 foot downspout extension or 3 foot concrete splash block that positively discharges water away from the foundation at all downspout locations. 5 points Use of drought resistant live plants or Xeriscaping design principals or use of rain sensor irrigation for landscaped areas. 10 points Downspouts that are attached to a storm sewer system. Signage: Minimum Standards The project must have permanent signage installed with Equal Housing Opportunity and ADA logos and the identification of the developer and South Dakota Housing Development Authority. Building(s) Exterior Exterior Siding/Finish: Minimum Standards Minimum of 15 year finish warranty 30 year substrate warranty solid cementious or composite prefinished siding. If vinyl siding is used, it must be a minimum of 0.44 mil thick and have a lifetime warranty. Prefinished soffits, fascia, gutters and downspouts are required. 10 points At least 25% of building exterior finished in brick, stone, EIFS or stucco. 25 points At least 80% of building exterior finished in brick, stone, EFIS or stucco. Roofing: Minimum Standards Minimum of 30 year warranty asphalt or composite shingle, 29ga metal roofing with a 40 year film and 30 year chalk/fade warranty or a rubberized roof system with a 30 year warranty for flat roofs. 15 points Use of UL 2218 Class 4 impact resistant shingles or 26ga UL 2218 Class 4 impact resistant metal roofing. Windows/Doors: Minimum Standards Energy Star certified exterior prefinished windows constructed of vinyl, wood, composite or fiberglass containing Low-E Glass scored with better than .30-U Factor (lower is better) and a SHGC of 0.42 or higher (higher is better) by the National Fenestration Rating Council. 10 points Windows scored with a .27 U-Factor or better (lower is better) by the National Fenestration Rating Council. Minimum Standards Exterior doors shall be insulated steel or composite in a metal clad or composite frame/brickmould. Unit entry doors without windows shall have a peephole installed with 180 degree view. Two peepholes are required on accessible units, one at 43” and one at standard height. All unit entry doors must be equipped with a deadbolt with 1" inch throw into reinforced jamb. Common apartment entry doors can also be aluminum storefront doors or hollow metal framed with insulated steel door. Minimum Standards Main entrances for projects containing interior accessed units must be equipped with an ADA/ABA compliant automatic door opener. 20 points Main entrances for projects containing interior accessed units designed with a foyer and equipped with a security access system. 20 points Townhome that have exterior entrances at ground level for all units. Construction and Energy Efficient Design Features Wall/Roof Assembly: Minimum Standards Slab on grade construction to have a minimum R-10 vertical foundation and horizontal perimeter under slab insulation per 2012 IECC. A minimum 6 mil or greater vapor barrier to be required under slab. HOF Plan April 2020 3 of 6 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx Minimum Standards 2x6 exterior wall assemblies insulated to a minimum of R-20. Roof assembly to have minimum 12’ energy heel trusses and insulated to a minimum of R-49. Rim/band joists to be insulated to the same R-value as the exterior walls. All assemblies must be constructed to the higher of the SDHDA minimum, local adopted code or the current state adopted IRC/IBC if no local code exists. 10 points All party walls and common walls containing at least 3.5" of sound attenuation insulation. 10 points Light weight concrete or Gypcrete surfacing on floors. Special and Accessible Design Features: Minimum Standards All projects containing more than 4 units must be compliant with Section 504 under the Rehabilitation Act of 1973. All other housing must meet the requirements of the Fair Housing Act. Rehabilitation of housing containing more than 15 units and costing at least 75% of replacement cost or that is vacant must also meet Section 504. 5 points Up to 15 points will be awarded for projects that create additional accessible units for individuals with mobility and/or sensory impairments. A minimum of one additional unit must be added above the federal minimum requirements. Accessible units shall to the maximum extent feasible and subject to reasonable health and safety requirements, be distributed throughout projects and sites and shall be available in a sufficient range of sizes and amenities so that a qualified individual with handicaps’ choice of living arrangements is, as a whole, comparable to that of other persons eligible for housing assistance under the same program. This shall not be construed to require provision of an elevator in any multifamily housing project solely for the purpose of permitting location of accessible units above or below the accessible grade level. Total Percent of Accessible Units 5 points - 5.00% to 10.00% 10 points - 10.01% to 15.00% 15 points - 15.01% to 20.00% 10 points 15 points 15 points Incorporation of the 7 Universal Design Principles in at least 25% of all units or single-family developments with accessible routes into and through the home including zero step entry, not including Section 504 units. Universal design is the design of products and environments to be usable by all people, to the greatest extent possible, without the need for adaptation or specialized design. Minimum universal design principals can be found on SDHDA website. 35 points Multifamily projects that have either a stand-alone Community Building or a Community Room, the room shall be 15 square feet per occupant, assuming 1-1/2 occupants per unit. The room shall include a fully functioning kitchen and minimum of one unisex ADA compliant restroom. For calculation of the square footage of the space, only areas usable by occupants are to be included. The square footage of the kitchen, restroom, hallways, offices or storage cannot be used to meet minimum square footage requirement. Energy Efficient Design Features: 20 points HERS: Project scoring a HERS index of 60 or better as verified by a RESnet certified Rater. Lower is better. HOF Plan April 2020 4 of 6 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx 35 points Energy Star: Whole project certification to the latest version of Energy Star for New Homes or Energy Star for Multifamily High Rise as verified by a 3rd party Energy Star certified rater. Project cannot take points for both HERS and Energy Star certifications. 10 points Installation of LED lights throughout interior and exterior of project. Building Interior Unit Entry Doors: Minimum Standards The unit entry doors must meet the code requirement of the wall assembly containing it. It must include a peephole with 180 degree viewer or have a window and also a deadbolt with a 1" throw into a reinforced jamb. Two peepholes are required on accessible units, one at 43” and one at standard height. Unit Interior Doors: 10 points Installation of solid core interior doors throughout units. 5 points Installation of metal jambs for interior doors throughout units. This option is only available if points are taken for solid core doors. Flooring Covering: Minimum Standards Roll carpet must meet the standards of HUD use of material bulletin 44D. VCT, Vinyl Plank, LVT, sheet vinyl, carpet squares and other floor coverings must meet or exceed the ASTM standards for Resilient Floor Covering and carry a minimum of a 10 year Manufacturer Warranty. An aluminum or vinyl “J” trim must be installed at the tub/shower transition when sheet vinyl flooring is installed and sealed with a silicone sealant. Laundry: Minimum Standards A common laundry room must be located in each building of a project and contain a window within or near the door. Laundry room must also include a continuous or humidistat-controlled ventilation system. Projects with townhomes or apartments without common laundry space must provide washer and dryer hook-ups within each unit. Washers and dryers must meet Energy Star qualifications. 5 points A common laundry room for each building floor and must meet above minimum standards. 15 points A washer and dryer provided for each unit. Washer and dryers must meet Energy Star qualifications. Unit Bathrooms: Minimum Standards Minimum of one-half bath per floor for multi-story townhomes 2 or more bedrooms. Minimum Standards Primary bath light and bathroom ventilation fan must be switched together. 5 points Installation of Energy Star qualified bathroom ventilation fan equipped with a humidistat. Humidistat must be incorporated within the fan and not at a wall switch. 15 points Installation of HVI certified HRV or ERV. Minimum Standards For new construction projects that must comply with Section 504 of the Rehabilitation Act of 1973, a UFAS compliant curbless roll-in shower must be provided in at least 50% of the Section 504 mobility impaired accessible units or at least one. Appliances and Fixtures: HOF Plan April 2020 5 of 6 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx Minimum Standards All provided appliances including refrigerators, freezers, washers, dryers, dishwashers, ceiling fans, and computers must be Energy Star Qualified. Minimum Standards A minimum of a 14 cu. Ft. frost free refrigerator/freezer for all 0 or 1 bedroom units. A minimum of 18 cu. Ft. refrigerator/freezer for all 2 or more bedroom units. Minimum Standards Water Sense qualified faucets, toilets/urinals, showerheads. Kitchen faucets are required to meet the same Water Sense GPM standards as bathroom faucets. 5 points Range hood vented to the exterior of the building. Window Coverings: Minimum Standards Window coverings or blinds shall be provided and installed. Mechanical Heating and Cooling: Minimum Standards At a minimum high efficiency cove heat. Electric baseboard heat, PTAC’s and VTAC’s are NOT allowed for new construction. 92% AFUE minimum gas furnace, Heat Pumps rated at HSPF of 8 or greater with a 13.0 SEER rating or higher (packaged or split). Programmable thermostats are required. Minimum Standards All units must have Energy Star qualified through the wall air conditioning or central air conditioning rated at 13 SEER or better. 5 points Energy Star qualified central air conditioning or verified AHRI certificate with matching coil and condenser 16 SEER or better. Split systems must be Energy Star matched. 20 points Forced air furnace 96% or greater AFUE or Energy Star qualified Air- source or Ground Source heat pump capable of providing heat to -15F. Split systems must be Energy Star matched. Note: Proposed heat pump systems used for primary heat must be submitted for approval. Water Heating: Minimum Standards A minimum of a 0.93 UEF electric water heater in each unit. Atmospheric vented gas water heaters will not be allowed. Any central hot water systems must be submitted for approval. 10 points A gas condensing (close combustion, two-vent pipe system) or electric heat pump water heater provided for each unit. Healthy Home Minimum Standards 1. Low VOC paints, stains, adhesives and sealants. 2. Formaldehyde free insulation. 3. Formaldehyde free or sealed particle board products such as shelving, cabinets and countertops. 4. Lead detection and abatement. Only applies to rehabilitation projects. 5. Install a passive radon system. Test for radon near completion and if 4pCi/L or higher the system must be made active and re-tested until results are below 4pCi/L. Electrical Standards HOF Plan April 2020 6 of 6 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx Minimum Standards 1. Hardwired CO sensors required with installation of gas appliances. 2. The use of incandescent light bulbs is not allowed. 3. New construction or substantial rehabilitation of rental housing with more than four (4) units must incorporate the installation of broadband infrastructure. I certify that the above indicated characteristics will be incorporated into the final working drawings and that they must be provided prior to occupancy of the project. I certify that the housing will meet the accessibility requirements of 24 CFR Part 8, which implements Section 504 of the Rehabilitation Act of 1973 (29 U.S.C. 794) and covered multifamily dwellings, as defined at 24 CFR Part 100.201, must also meet the design and construction requirements at 24 CFR Part 100.205, which implement the Fair Housing Act (42 U.S.C. 3601- 3619). Applicant Date Architect Date HOF Plan April 2020 1 of 5 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx EXHIBIT 4 SINGLE FAMILY PROJECT CHARACTERISTICS Applicant only eligible to receive up to 200 points. Indicate if the project will include each characteristic by placing an X in the box to the left of each applicable line item. NOTE: No points are allowed for characteristics associated with previous phases. Minimum standards apply to all new construction projects; however, rehabilitation or reconstruction projects should also strive to meet these minimum standards. General Project Scope Minimum Standards Single Family Project must include individual exterior storage units at a minimum of 8'x12' or a garage. 10 points Single Family project that includes a carport capable of parking at least 1 vehicle. At a minimum a carport is to be constructed of weather resistant steel, attached to footings or a thickened concrete slab, contain a concrete slab and meet minimum code design requirements. An 8’ x 12’ shed is still required. 25 points Single Family Project that includes an attached or detached garage capable of parking at least 1 vehicle. Site Exterior Parking: Minimum Standards Single family home developments must contain concrete off-street parking for two vehicles. Garage counts as parking space(s). Sidewalks: Minimum Standards A concrete sidewalk will be provided from the primary entrance door and any accessible entry door to a public right of way. Exterior Landscaping: Minimum Standards New construction should have a minimum of a live landscaped area of no less than 5% of the hard surfaced area of the project site. Hard surface includes building pad as well as all sidewalks, parking lots and other hard finish areas. Minimum Standards A minimum of a 4 foot downspout extension or a 3 foot concrete splash block that positively discharges water away from the foundation at all downspout locations. 5 points Use of drought resistant live plants or Xeriscaping design principals or use of rain sensor irrigation for landscaped areas. Building(s) Exterior Exterior Siding/Finish: Minimum Standards Minimum of 15 year finish warranty 30 year substrate warranty solid cementious or composite prefinished siding. If vinyl siding is used, it must be a minimum of 0.44 mil thick and have a lifetime warranty. Prefinished soffits, fascia, gutters and downspouts are required. 10 points At least 25% of building exterior finished in brick, stone, EIFS or stucco. 25 points At least 80% of building exterior finished in brick, stone, EFIS or stucco. Roofing: HOF Plan April 2020 2 of 5 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx Minimum Standards Minimum of 30 year warranty asphalt or composite shingle, 29ga metal roofing with a 40 year film and 30 year chalk/fade warranty or a rubberized roof system with a 30 year warranty for flat roofs. 15 points Use of UL 2218 Class 4 impact resistant shingles or 26ga UL 2218 Class 4 impact resistant metal roofing. Windows/Doors: Minimum Standards Energy Star certified exterior prefinished windows constructed of vinyl, wood, composite or fiberglass containing Low-E Glass scored with better than .30-U Factor (lower is better) and a SHGC of 0.42 or higher (higher is better) by the National Fenestration Rating Council. 10 points Windows scored with a .27 U-Factor or better (lower is better) by the National Fenestration Rating Council. Minimum Standards Exterior doors shall be insulated steel or composite in a metal clad or composite frame/brickmould. Unit entry doors without windows shall have a peephole installed with 180 degree view. Two peepholes are required on accessible units, one at 43” and one at standard height. All unit entry doors must be equipped with a deadbolt with 1" inch throw into reinforced jamb. 5 points Installation of storm doors with a minimum 10 year structural warranty at all exterior entry doors. Not required at entry doors between garage and home with attached garages. Entry: Minimum Standards Exterior entry landings to be a minimum 5’-0” x 5’-0” with stairs and railing constructed out of an exterior grade wood. 10 points Exterior entry landings and stairs with composite decking and railing with a minimum 25-year warranty that meets the above size requirements. 15 points Minimum of an 80 square foot deck with stairs and railing constructed out of an exterior grade wood at one exterior entry. Additional entries to meet the minimum standards in size and construction. 20 points Minimum of an 80 square foot deck with composite decking and railing with a minimum 25-year warranty at one exterior entry. Additional entries to meet the minimum standards in size above and have composite decking and railing. Construction and Energy Efficient Design Features Wall/Roof Assembly: Minimum Standards Slab on grade construction to have a minimum R-10 vertical foundation and horizontal perimeter under slab insulation per 2012 IECC. Crawl spaces are to be sealed, insulated (min R-10) and conditioned. Minimum Standards A minimum of a 6 mil or greater vapor barrier to be required under slab on grade, basement slab or crawlspace floor. Minimum Standards Foam plastics when used under any condition listed under Section R316 Foam Plastics of the 2015 IRC shall comply with the pertaining code subsection. Minimum Standards 2x6 exterior wall assemblies insulated to a minimum of R-20. Roof assembly to have minimum 12’ energy heel trusses and insulated to a minimum of R-49. Rim/band joists to be insulated to the same R-value as the exterior walls above. All assemblies must be constructed to the higher of the SDHDA minimum, local adopted code or the current state adopted IRC/IBC if no local code exists. HOF Plan April 2020 3 of 5 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx 15 points 2x6 exterior wall assemblies insulated to a minimum of R-20 cavity insulation and an R-5 continuous insulation or a 2x4 exterior wall assembly insulated to a minimum of R-13 cavity insulation and an R- 10 continuous insulation. Special and Accessible Design Features Minimum Standards All projects containing more than 4 units must be compliant with Section 504 under the Rehabilitation Act of 1973. All other housing must meet the requirements of the Fair Housing Act. Rehabilitation of housing containing more than 15 units and costing at least 75% of replacement cost or that is vacant must also meet Section 504. 5 points Up to 15 points will be awarded for projects that create additional accessible units for individuals with mobility and/or sensory impairments. A minimum of one additional unit must be added above the federal minimum requirements. Accessible units shall to the maximum extent feasible and subject to reasonable health and safety requirements, be distributed throughout projects and sites and shall be available in a sufficient range of sizes and amenities so that a qualified individual with handicaps’ choice of living arrangements is, as a whole, comparable to that of other persons eligible for housing assistance under the same program. Total Percent of Accessible Units 5 points - 5.00% to 10.00% 10 points - 10.01% to 15.00% 15 points - 15.01% to 20.00% 10 points 15 points 15 points Incorporation of the 7 Universal Design Principles in at least 25% of all units or single family developments with accessible routes into and through the home including zero step entry, not including Section 504 units. Universal design is the design of products and environments to be usable by all people, to the greatest extent possible, without the need for adaptation or specialized design. Minimum universal design principals can be found on SDHDA website. 35 points Projects that have a stand-alone Community Building, the room shall be 15 square feet per occupant, assuming 1-1/2 occupants per unit. The room shall include a fully functioning kitchen and minimum of one unisex ADA compliant restroom. For calculation of the square footage of the space, only areas usable by occupants are to be included. The square footage of the kitchen, restroom, hallways, offices or storage cannot be used to meet minimum square footage requirement. Energy Efficient Design Features: 20 points HERS: Project scoring a HERS index of 60 or better as verified by a RESnet certified Rater. Lower is better. 35 points Energy Star: Whole project certification to the latest version of Energy Star for New Homes as verified by a 3rd party Energy Star certified rater. Project cannot take points for both HERS and Energy Star certifications. 10 points Installation of LED lights throughout interior and exterior of project. Building Interior Unit Interior Doors: 10 points Installation of solid core interior doors throughout units. HOF Plan April 2020 4 of 5 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx 5 points Installation of metal jambs for interior doors throughout units. This option is only available if points are taken for solid core doors. Flooring Covering: Minimum Standards Roll carpet must meet the standards of HUD use of material bulletin 44D. VCT, Vinyl Plank, LVT, sheet vinyl, carpet squares and other floor coverings must meet or exceed the ASTM standards for Resilient Floor Covering and carry a minimum of a 10 year Manufacturer Warranty. An aluminum or vinyl “J” trim must be installed at the tub/shower transition when sheet vinyl flooring is installed and sealed with a silicone sealant. Laundry: Minimum Standards Laundry space/room must be provided with washer and dryer hook-ups and dryer venting to the exterior. 15 points A washer and dryer provided for each unit. Washer and dryers must meet Energy Star qualifications. Unit Bathrooms: Minimum Standards Minimum of one-half bath per floor for single family dwellings containing 2 or more bedrooms. Minimum Standards Primary bath light and bathroom ventilation fan must be switched together. Bath fan cannot be used to meet mechanical ventilation code for local jurisdictions that have adopted 2012 IECC or other codes that require mechanical ventilation. 5 points Installation of Energy Star qualified bathroom ventilation fan equipped with a humidistat and timer. Humidistat must be incorporated within the fan and not at a wall switch. 15 points Installation of HVI certified HRV or ERV. Minimum Standards For new construction projects that must comply with Section 504 of the Rehabilitation Act of 1973, a UFAS compliant curbless roll-in shower must be provided in at least 50% of the Section 504 mobility impaired accessible units or at least one. Appliances and Fixtures: Minimum Standards All provided appliances including refrigerators, freezers, washers, dryers, dishwashers, ceiling fans, and computers must be Energy Star Qualified. Minimum Standards A minimum of a 14 cu. Ft. frost free refrigerator/freezer for all 0 or 1 bedroom units. A minimum of 18 cu. Ft. refrigerator/freezer for all 2 or more bedroom units. Minimum Standards Water Sense qualified faucets, toilets/urinals, showerheads. Kitchen faucets are required to meet the same Water Sense GPM standards as bathroom faucets. 5 points Range hood vented to the exterior. Window Coverings: Minimum Standards Window coverings or blinds shall be provided and installed. Mechanical Heating and Cooling: Minimum Standards At a minimum high efficiency cove heat. Electric baseboard heat, PTAC’s and VTAC’s are NOT allowed for new construction. 92% AFUE minimum gas furnace, Heat Pumps rated at HSPF of 8 or greater with a 13.0 SEER rating or higher (packaged or split). Programmable thermostats are required. HOF Plan April 2020 5 of 5 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx Minimum Standards All units must have Energy Star qualified through the wall air conditioning or central air conditioning rated at 13 SEER or better. 5 points Energy Star qualified central air conditioning or verified AHRI certificate with matching coil and condenser 16 SEER or better. Split systems must be Energy Star matched. 20 points Forced air furnace 96% or greater AFUE or Energy Star qualified Air- source or Ground Source heat pump capable of providing heat to -15F. Split systems must be Energy Star matched. Note: Proposed heat pump systems used for primary heat must be submitted for approval. Water Heating: Minimum Standards A minimum of a 0.93 UEF electric water heater in each unit. Atmospheric vented gas water heaters will not be allowed. 10 points A gas condensing (close combustion, two-vent pipe system) or electric heat pump water heater provided for each unit. Healthy Homes Minimum Standards 1. Low VOC paints, stains, adhesives and sealants. 2. Formaldehyde free insulation. 3. Formaldehyde free or sealed particle board products such as shelving, cabinets and countertops. 4. Lead detection and abatement. Only applies to rehabilitation projects. 5. Install a passive radon system. Test for radon near completion and if 4pCi/L or higher the system must be made active and re-tested until results are below 4pCi/L. Electrical Standards Minimum Standards 1. Hardwired CO sensors required with installation of gas appliances. 2. The use of incandescent light bulbs is not allowed. 3. New construction or substantial rehabilitation of rental housing with more than four (4) units must incorporate the installation of broadband infrastructure. I certify that the above indicated characteristics will be incorporated into the final working drawings and that they must be provided prior to occupancy of the project. I certify that the housing will meet the accessibility requirements of 24 CFR Part 8, which implements Section 504 of the Rehabilitation Act of 1973 (29 U.S.C. 794) and covered multifamily dwellings, as defined at 24 CFR Part 100.201, must also meet the design and construction requirements at 24 CFR Part 100.205, which implement the Fair Housing Act (42 U.S.C. 3601- 3619). Applicant Date Architect Date HOF Plan April 2020 1 of 1 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx EXHIBIT 5 SELF SCORING WORKSHEET RENTAL AND HOMEOWNERSHIP APPLICATIONS Sub Points Points Available Points Awarded Comments A. Local Housing Need 100 B. Income Targeting 100 1. 30% AMI Units 2. 50% AMI Units 3. 80% AMI Units 4. 115% AMI Units C. Extended Use Commitment 10 D. Support from Local Sources 25 E. Service Enriched Housing 20 F. Percentage of Soft Costs Used for Project Costs 40 G. Readiness to Proceed Criteria 130 1. Plans and Specifications 25 2. Site Control 25 3. Construction Financing 30 4. Permanent Financing 30 5. Zoning 10 6. Platting 10 H. Project Characteristics (Exhibit 4) 200 I. Financing Type 25 1. Guaranty or Regular Amortization 25 2. Irregular Amortization 15 3. Cash Flow Mortgage 5 TOTAL 650 PROGRAM APPLICATIONS Sub Points Points Available Points Awarded Comments A. Program Demand 100 B. Income Targeting 100 1. 30% AMI Units 2. 50% AMI Units 3. 80% AMI Units 4. 115% AMI Units C. Extended Use Commitment 10 D. Support from Local Sources 25 E. Program Policy & Procedure Manual 30 F. Other Program Funds 30 G. Financing Type 25 1. Guaranty or Regular Amortization 25 2. Irregular Amortization 15 3. Cash Flow Mortgage 5 H. Partnering with Other Agencies 30 TOTAL 350 HOF Plan April 2020 1 of 2 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx EXHIBIT 6 CONSTRUCTION STANDARDS Housing that is newly constructed or rehabilitated with HOF funds must meet all applicable local codes, rehabilitation standards, ordinances, and zoning ordinances at the time a building permit is obtained from the locality and then verified once the building has been placed in service. The design standard for any new construction or rehabilitation, within the boundaries of any local unit of government that has not adopted an ordinance prescribing standards for new construction or rehabilitation, pursuant to International Building Code as published by the § 11-10-5 shall be based on the most current edition of the International Code Council, Incorporated. Pursuant to § 11-10-7, new construction housing must meet the most current edition International Energy Conservation Code as written by the International Code Council as amended by local jurisdiction and all applicable local building code requirements. For multifamily housing of 5 or more units, the housing must meet the accessibility requirements at 24 CFR Part 8, which implements Section 504 of the Rehabilitation Act of 1973 (29 U.S.C. 794) -(https://www.hud.gov/program_offices/fair_housing_equal_opp/disability_main ). Developments consisting of 1 – 4 units should consider incorporating Universal Design concepts https://www.sdhda.org/images/docu/housing-development/SDHDA%20UD%20Guidelines%20- Final%20Posted.pdf. Covered multifamily dwellings, as defined at 24 CFR Part 100.201, must also meet the design and construction requirements at 24 CFR Part 100.205, which implement the Fair Housing Act (42 U.S.C. 3601-3619) http://www.fairhousingfirst.org. The proposed site must be suitable for the proposed project. If the site includes any detrimental characteristic, the Applicant must provide a remediation plan and budget to make the site suitable for the project. If any detrimental site characteristic exists on, or adjacent to the site, SDHDA may reject the application. Detrimental characteristics may include but are not limited to: location within 1/2 mile of pipelines, storage areas for hazardous or noxious materials, sewage treatment plant, sanitary landfill; location within 500 feet of an airport runway clear zone, 1000 feet of a railroad, commercial property or military operations; physical barriers; unsuitable slope or terrain; location within 1000 feet of registered historic property; or location in flood hazard area. Proposed projects are encouraged to incorporate the features of brick, energy efficiency systems, additional handicap-adapted units, second bathrooms (for three and four bedroom units), community rooms, townhouse style units with an accessible bathroom on the main floor, creative design features, and other amenities where appropriate. Rehabilitation costs must include essential improvements including energy-related repairs or improvements, modifications necessary to permit use by persons with disabilities, abatement of lead-based paint hazards, and repair or replacement of major housing systems in danger of failure. The application must describe in detail the level of rehabilitation and the cost necessary for the exterior and for the interior by apartment unit, if applicable. If the description is not detailed, the application may be rejected. Upon completion of rehabilitation, if applicable, all major systems (roof, windows, heating, etc.) of the property must be in like new or new condition. If these systems are not in need of repair at the time of application, sufficient reserves must be established to allow HOF Plan April 2020 2 of 2 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx for replacement of such components if the normal life span would require replacement prior to the end of the affordability period. Developments consisting of 20 units or more will be required to submit a physical needs assessment before commitment of funds. The assessment must be completed by an independent inspector. SDHDA will approve the inspector and the Applicant will pay for all costs for this service, which may be included in the HOF financing. Consideration will be given to functional obsolescence of the property. If it is not cost effective to overcome structural problems, the property may not be eligible for financing. Modifications to allow a higher level of care to elderly residents of a property are eligible if there is an identified need for such level of care and the property is financially feasible upon completion. The use of HOF funds for rehabilitation must maintain current affordable units or create additional affordable units. The cost in terms of assistance to acquire and rehabilitate an existing property may not exceed the amount of assistance to construct a new property of like quality. Under no circumstances will the term of the HOF loan exceed the expected remaining useful life of the property. Depending on the size of the development, SDHDA may not require contractors to be bonded, however, all contractors and subcontractors must carry sufficient insurance coverage. HOF Plan April 2020 1 of 2 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx EXHIBIT 7 HOMEBUYER ASSISTANCE Homebuyer assistance can be structured in any number of ways to encourage the acquisition of affordable homes. Applicants can help eligible homebuyers purchase affordable homes by providing down payment or closing cost assistance, low-cost loans, or loan guarantees. Applicants must have operating procedures or an administrative plan outlining the type of assistance being provided, selection of homeowners, and overall program administration. Applicants are eligible to receive an administrative fee for documented expenses or up to 10 percent of the HOF award, whichever is less. Principal residence: Purchasers must occupy the property as their principal residence. Homebuyer Education: All mortgagors receiving Homebuyer Assistance must participate in homebuyer education, and if warranted, homebuyer counseling and credit counseling. Eligible Property Types: • A single-family property (one unit); • A condominium unit; • A cooperative unit or a unit in a mutual housing project (if recognized as homeownership by state law); or • A manufactured home - At the time of project completion, the manufactured home must be (1) permanently affixed to the land by a foundation and taxed as real property; (2) connected to permanent utility hookups; and (3) located on land that is owned by the manufactured homeowner, or on land for which the manufactured housing unit owner has a long-term lease for a period at least equal to the HOF financing or first mortgage, whichever is longer. Property Standards: All homebuyer properties must meet certain property standards. • Acquisition: If no rehabilitation or construction is planned, the housing acquired must meet State and local housing quality standards and code requirements. If no such standards or codes apply, the property must meet HUD Housing Quality Standards. • Rehabilitation and new construction: Housing that is being constructed or rehabilitated must meet all applicable state or local codes, rehabilitation standards and ordinances, and zoning ordinances as further described in Exhibit 6. Purchase price of the home shall not exceed the appraised value. Recapture Guidelines: Homebuyers receiving HOF funds will be required to adhere to the recapture guidelines per Section III.A.2.c. of this Plan. Recapture guidelines will be incorporated into a deed restriction or covenant running with the land. In determining the forms of assistance, the Applicant should consider the particular needs of the program’s target participants. Various alternatives are discussed below. Downpayment / closing-cost: For homebuyers who have a steady income to make monthly payments but don’t have the means to save for the upfront costs of purchasing a home. HOF Plan April 2020 2 of 2 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx Gap financing: For homebuyers who have a steady income that is insufficient to cover the total monthly payment, HOF funds can be used to reduce monthly carrying costs by providing gap financing and reduce the principal amount borrowed. Agency may also consider an “interest down” (providing funds directly to the lender to reduce the interest rate on the borrower’s loan.) The gap financing, if provided as a loan, can be paid in small monthly installments (for a below- market-rate loan) or at the sale of the property (if a deferred-payment loan). Other guidelines: For purposes of ensuring feasible financing opportunities for homeowners, homebuyer assistance programs utilizing HOF will adhere to the following requirements. i. Maximum amount of HOF assistance is $20,000. ii. For homebuyers above 80% AMI, the homebuyer’s first mortgage must be a minimum of 80% of the acquisition cost, for homebuyers below 80% AMI, the homebuyer’s first mortgage must be a minimum of 70% of the acquisition cost. ADVANTAGES AND DISADVANTAGES OF VARIOUS FORMS OF ASSISTANCE SUBSIDY PROS CONS Forgivable Loans • Simple to administer • Easy to explain • Often necessary to reach very-low- income • Expensive • No repayment possible • May be hard to “sell” politically • May create expectation of future free assistance Deferred Payment Loans (DPL) • Simple to administer and explain • No monthly payment required • Allows for repayment • Prevents windfall gain to borrower if property values increase significantly • No payment received on a monthly basis • Might never be repaid if property has low value or future appreciation is limited Below -Market Rate Loans • Provides immediate repayment • Allows agency to act as “banker” • Time-consuming and staff- intensive • Requires underwriting expertise • Requires loan servicing • Inefficient leverage as compared to DPLs and forgivable loans Loan Guarantees • Simple to administer (if no defaults or if lender handles property disposition upon default) • High leverage • Improves loan-to-value and income-to-debt ratios for other lenders • Do little to subsidize the cost to the homebuyer • Shifts underwriting and default risk from the lender • No repayments to the program • Can tie up funds for long periods of time Lease-purchase is another method of assisting with homeownership. Ownership of the property transfers within 36 months of the homeowner signing the lease-purchase agreement, unless the household occupying the lease-purchase unit is not eligible or able to purchase the unit at that time. The developer then has an additional six months to identify an eligible homebuyer to purchase the unit. HOF Plan April 2020 1 of 1 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx EXHIBIT 8 HOMEOWNER REHABILIATION Applicants can apply for Housing Opportunity Funds to provide a homeowner rehabilitation program. Applicants must have operating procedures or an administrative plan outlining the type of assistance being provided, process for selection of homeowners, and overall program administration. Applicants are eligible to receive an administrative fee for documented expenses or up to 10 percent of the HOF award, whichever is less. Applicants must have established standard accounting practices including internal controls and fiscal accounting procedures to track agency and program budgets by revenue sources and expenses. Applicants must also have available cash flow to effectively operate their programs since HOF funding is a reimbursement program. Although the total cost of the rehabilitation work to the home is not limited by SDHDA, the amount of HOF homeowner rehabilitation funding assistance provided to each homeowner may not exceed $10,000 without approval from SDHDA. Households must own and occupy a home, as their principle residence. Subsequent to the completion of HOF funded rehabilitation activities, continued ownership is required and is subject to recapture provisions that will be incorporated into loan documents. HOF funding can be provided to the homeowners in the form of an amortizing loan, conditionally- forgivable loan (no more than 1/60th of loan forgiveness for each month the person owns and maintains the property as their primary residence) or as a deferred loan. Homeowners receiving HOF homeowner rehabilitation assistance must execute a Promissory Note and Mortgage and Security Agreement securing the property as collateral for the financing during the affordability period. Homeowners must also sign an agreement with the Applicant detailing applicable program processing procedures and requirements. In the event that the homeowner sells the assisted property during the affordability period, the portion of assistance that was not repaid or forgiven at the time of sale or transfer of the property will be repaid to SDHDA. Rehabilitation work must primarily be to bring the home into compliance with property standards, improve energy efficiency, and/or make the home more accessible. The Applicant must conduct an assessment of the proposed property to be rehabilitated and coordinate appropriate work to be completed. Applicant must make the determination that all the work is necessary and can be completed with the funds committed and ensure that the homeowner is qualified based on eligibility criteria. The Applicant must coordinate the rehabilitation activity, facilitate the execution of all required documents, ensure that work is performed in accordance with all required property standards, and submit required project documentation to SDHDA for reimbursement of expenses. Applicants may use contractors, their own work crews (force account labor), or self-help program to perform the rehabilitation work. Rehabilitation work may not begin without SDHDA’s review and approval of the project. HOF Plan April 2020 1 of 2 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx EXHIBIT 9 HOMELESSNESS PREVENTION Applicants can apply for Housing Opportunity Funds to provide homelessness prevention activities assisting people to quickly regain stability in permanent housing. Applicants must have operating procedures or an administrative plan outlining the type of assistance being provided, selection of participants, and overall program administration. Applicants are eligible to receive an administrative fee for documented expenses or up to 10 percent (10%) of the HOF award, whichever is less, except for HOF funds requested for acquisition, new construction, or rehabilitation costs. Applicant’s operating policies and procedures must include: • Evaluating individual and household eligibility for assistance, defining who qualifies as at- risk of becoming homeless; • Assessing, prioritizing, and reassessing individuals’ and households’ needs for assistance, taking into consideration other available resources and support networks; • Coordinating among other service providers; • Determining and prioritizing which individuals and households receive homelessness prevention assistance; • Determining what percentage or amount of rent and utilities each program participant must pay while receiving assistance; • Determining how long a program participant will be provided assistance and whether that assistance should be adjusted over time; and • Determining the type, amount, and duration of assistance that may be provided to a program participant, which could include maximum amount of assistance, maximum number of months, or maximum number of times the program participant may receive assistance; Applicants must have established standard accounting practices including internal controls and fiscal accounting procedures to track agency and program budgets by revenue sources and expenses. Applicants must also have available cash flow to effectively operate their programs since HOF funding is a reimbursement program. Eligible Applicants must have (1) prior experience serving individuals and households at-risk of or experiencing homelessness, and (2) staff with expertise in case management skills. Applicants will be required to utilize the Homeless Management Information System (HMIS) operated by SDHDA. HOF will be awarded to Applicants based upon the following: 1. Need for the funding to provide the corresponding services and assistance; 2. Plan for distribution of the funds in an effective and efficient manner; 3. Collaboration efforts with other agencies, and 4. Applicants’ prior experience with this type of program. HOF may be utilized for the following activities: • Costs for new construction or rehabilitation of a building that will be used to provide homelessness prevention services HOF Plan April 2020 2 of 2 P:\p-hd\development\Housing Opportunity Fund\Planning\2020-2021\2020-2021HOFPlanAsPresentedtoBoard.docx • Payment of operating expenses of the agency providing the homelessness prevention services • Payment of rental arrears. • Temporary rent or utility assistance • Rental application fees. • Security deposits equal to no more than two month’s rent. • First and last months’ rent. • Standard utility deposits. • Utility payment. • Moving costs - truck rental or hiring a moving company. Assistance may also include payment of temporary storage fees. • Service costs - Housing search and placement, housing stability case management, mediation activities, legal services necessary to resolve housing issues, costs necessary to obtain legal identification documents, and credit repair/counseling services. The costs of homelessness prevention are only eligible to the extent necessary to help the program participant regain stability in their current permanent housing or move into other permanent housing and achieve stability. Applicants must ensure that assistance is only provided for housing units that meet rent reasonableness for their market area. Each program participant receiving rental assistance must have a legally binding written lease for the rental unit. Workforce Housing Conceptual Conceptual Exterior Elevations Where Ae We Going Tomorrow? How Do We Get There? South Dakota Housing Opportunity Fund •Homeownership •Eligible costs = land, building acquisition with rehab, demolition, site improvements, utility connections, development subsidy for appraisal gaps. •Qualifications = homebuyers principal residence, homebuyer education •Selling Price = appraised value •Period of Affordability =5 years for under $15,000 10 years for over $15,000 SDHDA affordability deed restriction South Dakota Housing Opportunity Fund •Income Targets = 80% Area Median Income •Price Limits –Brookings County •1 Bedroom (600 sq. ft.) = $140,000 •2 Bedroom (750 sq. ft.) = $171,500 •3 Bedroom (900 sq. ft.) = $202,500 •4 Bedroom (1050 sq. ft.) = $222,700 South Dakota Housing Opportunity Fund •Application Process •Project Selection Criteria •Other Requirements •Fair Housing and Equal Opportunity •Lead-Based Paint •Conflict of Interest •Debarment and Suspension https://www.sdhda.org/housing-development/housing-opportunity-fund Questions? City of Brookings Staff Report Brookings City & County Government Center, 520 Third Street Brookings, SD 57006 (605) 692-6281 phone (605) 692-6907 fax File #:ID 22-0057,Version:1 Presentation: Brookings City & County Government Center Bioretention Area Summary: The installation of a bioretention basin between the two parking lots south of the Brookings City & County Government Center was started in summer 2021 for a graduate design project as a collaboration between the City and SDSU Landscape Architecture and Natural Resources Management. This project will help decrease stormwater runoff and highlight the benefits of native plants in stormwater management design. Attachments: Memo PowerPoint City of Brookings Printed on 2/10/2022Page 1 of 1 powered by Legistar™ City Council Agenda Memo From: Robin Buterbaugh, Sustainability Council Member Council Meeting: February 15, 2022 Subject: Brookings City & County Government Center Bioretention Area Presenter: Robin Buterbaugh, Sustainability Council Member Summary: The installation of a bioretention basin between the two parking lots south of the Brookings City & County Government Center was started in summer 2021 for a graduate design project as a collaboration between the City and SDSU Landscape Architecture and Natural Resources Management. This project will help decrease stormwater runoff and highlight the benefits of native plants in stormwater management design. Background: Urban development has increased the amount of stormwater flowing th rough Brookings after each rainstorm due to an increase in impervious surfaces such as roofs, parking lots, and roads. This has increased both the volume of water and the quality of water entering the storm system and waterways. Green stormwater infrastructure (GSI), like the bioretention basin, uses plants and soil to reduce the amount of runoff and contaminants by slowing the water down, allowing it to infiltrate, and filtering contaminants. The plants filter the water to reduce pollutants, prevent erosion, and infiltrate more water. Native plants increase biodiversity by providing habitat, food, and shelter for birds and pollinators. The goal of this project is to install the bioretention basin, monitor the performance of the stormwater management, and showcase native plants in the design. Item Details: Project elements added to the detention area to increase the infiltration of stormwater, decrease the peak volume of stormwater entering the storm sewer, filter contaminants, and increase the biodiversity of the site: 1) The earth berm with stone protection slows water from entering the storm sewer by temporarily ponding water behind the berm. 2) The stone channel with underdrain pipe directs water into the inlet drain after ponding and infiltration so water is not ponding more than 24-48 hours. 3) Native plants around the channel utilize water to increase infiltration, filter parking lot contaminants, and stabilize soil. The native plants chosen for the site have different water requirements depending on location. Plants which thrive in medium-wet soils are planted near the center stone channel where more water will pond. Plants which tolerate some ponding, but otherwise grow in dry soil, are planted higher on the bank of the basin, and plants which grow well in dry conditions are planted around the perimeter. Plants were chosen for aesthetic properties and to extend the bloom time from early spring through fall to provide a food source for pollinators. The bio-retention basin will require some maintenance and management, including watering during initial establishment, monitoring for and removing weeds as the mulch layer deteriorates, and mowing around the perimeter. Native plants benefit from removal of dead plant material by cutting, mowing, or burning. Standing plant material can remain during the winter for food and habitat and be removed in spring by cutting back the plants and removing the dead plant material. The site could be burned every 3-5 years; however, that is optional. Legal Consideration: None Strategic Plan Consideration: Sustainability – Green stormwater infrastructure is a sustainable way to manage stormwater, as it decreases impervious surfaces and increases native habitat and biodiversity using natural low-cost infrastructure solutions. Financial Consideration: Funding for this project came from stormwater funds. The site preparation work was contracted by the City and put up for bids. The site work included digging a trench and installing an underdrain pipe, incorporating a dry stone channel and stone berm, removal of grass by spraying, and laying down mulch. The quote accepted by the City came from Kerry’s Landscaping and was $9,550. The cost for the plant material was $1,278.50 for 412 plants. Options and Recommendation: This is a presentation to City Council for informational purposes and discussion. Supporting Documentation: Presentation Installation of a Bioretention Garden for Demonstration and Hydrologic Monitoring Robin Buterbaugh, Lora Perkins, John McMaine, Jeremiah Bergstrom Project Background •Stormwater systems manage stormwater runoff in communities •The increase in impervious surfaces such as roofs, parking lots, and roads has increased both the volume of water entering the system and quality of water entering the storm system and waterways •Green stormwater infrastructure (GSI) uses plants and soil to reduce the amount of runoff and contaminants by slowing the water down, allowing it to infiltrate, and filtering contaminants. •Bioretention basin •Plants filter the water to reduce pollutants, prevent erosion, and infiltrate more water •Native plants increase biodiversity by providing habitat, food, and shelter for birds and pollinators. •Goal—install and monitor a bioretention basin, monitor the performance of the stormwater management, showcase native plants in design Project Site •Current site: 23,000 sq ft X 1 inch X 0.62 = approximately 14,000 gallons of water from 1 inch of rainfall •For every 100 sq ft, 62 gallons of water runs off in a 1 inch rain, so the total sq ft is multiplied by 0.62 to determine the gallons of water.) •Annual runoff = volume of water x inches of rain/year •14,000 gallons x 26 inches = approximately 364,000 gallons of runoff per year. Stormwater Management Purpose of the detention area •Capture stormwater runoff from the parking lots •Allow the water to infiltrate in the detention area •Direct excess water into the storm sewer through the inlet in the south side of the site Stormwater Management and Monitoring Project elements •Earth berm with stone protection •Slows water from entering storm sewer by temporarily ponding water behind berm •Decreases peak volume of storm water •Stone channel with underdrain pipe •Directs water into inlet drain after ponding and infiltration. •Native plants around channel •Utilize water to increase infiltration and stabilize soil •Filter contaminants •Prevent erosion •Increase biodiversity Planting Design Blue flag iris Big bluestem Installation Objectives •Increase awareness of the benefits of green stormwater infrastructure (GSI) •Highlight the beauty and function of native plants •Provide education and outreach •Sign at the site •What a bioretention garden is •How it functions •How the plants benefit the system •Workshops for the public about how bioretention gardens work and how to incorporate green stormwater infrastructure on both large and small scales Acknowledgements City of Brookings Engineering Dept and Parks Dept SDSU Landscape Architecture and LA students SDSU Ag and Biosystems Engineering and ABE students SDSU Natural Resources Management Bryanna Chipley Layne Buterbaugh City of Brookings Staff Report Brookings City & County Government Center, 520 Third Street Brookings, SD 57006 (605) 692-6281 phone (605) 692-6907 fax File #:ID 22-0081,Version:1 Discussion on the South Dakota State University Economic Impact Report. Summary: In January, the Brookings Economic Development Corporation held a community leader’s roundtable discussion. South Dakota State University presented the attached impact report. A request was made to give the report details to the Council and public at the February Study Session. Attachments: Memo SDSU FY 2019 Economic Impact Board of Regents Economic Impact SDSU Economic Impact Presentation City of Brookings Printed on 2/10/2022Page 1 of 1 powered by Legistar™ City Council Agenda Memo From: Paul Briseno, City Manager Council Meeting: February 15, 2022 Subject: South Dakota State University Economic Impact Report Presenter: Daniel Scholl, Vice President, Research and Economic Development Barry Dunn, President, South Dakota State University Summary: In January, the Brookings Economic Development Corporation held a community leader’s roundtable discussion. South Dakota State University presented the attached impact report. A request was made to give the report details to the Council and public at the February Study Session. Background: The South Dakota Board of Regents commissioned an Economic Impact Report (attached). South Dakota State University attained additional information (attached). Both reports note the economic impact on the state and Brookings County. Item Details: Members of the South Dakota State University will present the findings of the Economic Impact Report to the City Council and the public for information purposes. Legal Consideration: None Strategic Plan Consideration: Economic Growth – As a community partner the economic success of SDSU positively impacts the city/county of Brookings. Financial Consideration: There are none at this time. Options and Recommendation: This is a presentation to City Council for informational purposes and discussion. Supporting Documentation: SDSU FY 2019 Economic Impact Board of Regents Economic Impact SDSU Economic Impact Presentation FY 2019 ECONOMICIMPACT REPORT 2021 outh Dakota State University: Gets it Done S Prepared by Table of Contents EXECUTIVE SUMMARY 3 INTRODUCTION TO SOUTH DAKOTA STATE UNIVERSITY 3 CASE STUDY: PRECISION AGRICULTURE STRENGTHENS SD’S FARMS 5 ABOUT THE STUDY 6 SDSU CONTRIBUTES TO THE LOCAL AND STATEWIDE ECONOMIES 7 CREATING AND SUSTAINING JOBS THROUGHOUT SOUTH DAKOTA 8 GENERATING LOCAL AND STATE TAX REVENUES 9 SDSU RESEARCH 10 SDSU ALUMNI 11 SDSU ATHLETICS 11 CASE STUDY: SDSU ADDRESSES THE RURAL OPIOID CRISIS 12 SDSU GIVES BACK 13 CONCLUSION 14 SDSU by the Numbers $936.3 Million Generated in Economic Impact 4,848 Jobs Supported and Sustained $29.3 Million in State and Local Taxes Generated $100.8 Billion Direct Impact Generated by SDSU Alumni throughout the Course of their Careers 118 94 35 97 Undergraduate Programs Graduate Programs Certificate Programs Minors 11,518 Students 18.7% first-generation college students 56.3% undergraduate students from South Dakota 88.9% classes taught by faculty 2,596 Graduates Annually Founded in 1881 as South Dakota’s land-grant university¹, South Dakota State University (SDSU) supports the backbone of the state’s ranching and farming economy. SDSU’s people-focused mission has propelled its growth into a powerhouse of research and training for the next generation of South Dakotans on the forefront of knowledge-based sectors. SDSU educates the “do-ers” of the state — the pharmacists, the nurses, and the construction managers that provide core services, man the fuel industries, and strengthen communities. With more than 11,000 students and 2,600 graduates annually, SDSU is making its mark throughout the state. SDSU takes its mission and vision as a land-grant university to heart. The university’s Lohr College of Engineering seeks to create safer infrastructure throughout the state, and the Animal Disease Research and Diagnostic Laboratory supports South Dakota’s ranching industry and is at the forefront of developing vaccines and testing livestock for disease. The lab keeps herds healthy and ranchers in business. Precision Agriculture at SDSU is propelling farmers into the future, fueling the economy — and preserving the traditional South Dakota way of life. Through the Wokini Initiative, the university develops opportunities for research and collaboration with tribal colleges and provides educational support and increasing opportunities for financial aid for American Indian students. As the largest employer in Brookings, SDSU is an integral part of the community. SDSU serves as a cultural hub for Brookings, boasting a new theater that hosts national music tours and is used by local elementary students for their recitals. “Our nearly 100,000 alumni are engineers, nurses, pharmacists, farmers, and teachers. We are the ‘do-ers’ of South Dakota.” Barry Dunn SDSU President Introduction ¹A land-grant university is an institution of higher education in the United States designated by a state to receive the benefits of the Morrill Acts of 1862 and 1890. Signed by Abraham Lincoln, the 1862 Morrill Act started to fund educational institutions by granting federally controlled land to the states for them to sell, raise funds, establish, and endow “land-grant” colleges. The organizational mission of these institutions of higher education is to focus on the teaching of practical agriculture, science, military science, and engineering "without excluding other scientific and classical studies." South Dakota State University Mission South Dakota State University offers a rich academic experience in an environment of inclusion and access through inspired, student-centered education, creative activities and research, innovation and engagement that improve the quality of life in South Dakota, the region, the nation and the world. Case Study: SDSU’S PRECISION AGRICULTURE MAJOR STRENGTHENS SD’S FARMS SDSU’s first-in-the-nation Precision Agriculture major is setting the pace for how a major university can strengthen the farming industry — a key driver of the South Dakota economy — with practical knowledge, application, and strong industry partnerships. Farming is changing fast with the emergence of new technology. Precision agriculture provides the practical know-how needed to integrate computer technology with farm equipment, farm sensors, GPS navigation, satellite imagery, and drone imagery to increase yield and profitability. And SDSU is producing the college graduates, applied research, and extension expertise to help farmers use precision agriculture to thrive in the 21st century and beyond. SDSU's approach to precision agriculture stands out because it is designed to evolve as industry needs change. To make this vision a reality, Raven Industries, a successful and highly diversified technology company, partnered with SDSU to build the Raven Precision Agriculture Center, which opened with a ribbon-cutting ceremony in September 2021. The center creates an innovation ecosystem and economic engine that connects the agricultural industry with SDSU students and faculty. Dan Rykhus, President and CEO of Raven Industries, knows first-hand the power that can be unleashed when a major university bridges the gap between academia and industry. “The partnership between Raven and SDSU is a beautiful melding of interest and capacity. Raven supports the expansion of precision agriculture at SDSU because it leverages economic development in South Dakota and can solve our design talent and field support constraints.” This strong partnership between Raven and SDSU is a prime example of how the university stays focused and aligned with the real-world needs of a state’s economy. “There’s no better place to advance precision agriculture than in South Dakota — the heart of the agricultural industry. SDSU wants to be cutting edge and so do we.” Dan Rykhus President and CEO, Raven Industries In July 2021, the South Dakota Board of Regents (SDBOR) engaged Parker Philips Inc. to measure the economic contribution of public higher education overall and of each of South Dakota’s six universities. The goal of this analysis is to tell SDSU’s story from a numbers and narrative perspective. To develop this report Parker Philips gathered student, financial, and employment data about SDSU, visited and toured the campus, conducted interviews, and researched secondary data and information to inform the writing and key messages. The primary tool used in the performance of this study is the input-output model and data set developed by IMPLAN Group LLC. Financial data used in this study was obtained from South Dakota and included the following data points: operational expenditures, capital expenditures, and payroll and benefits for employees for FY 19. Secondary data was used to estimate spending by visitors (day and overnight) and students (undergraduate and graduate) exclusive of tuition and fees. Additional information on the methodology and assumptions used to complete this study can be found in Appendix B. The impact presented in this analysis is broken down into three categories: direct impact, indirect impact, and induced impact. The indirect and induced impacts are commonly referred to as the “multiplier effect.” The graphic below provides an overview of the types of impact detailed in this report. Financial & Data Gathering Campus Visits & Key Stakeholder Interviews Analysis & Reporting About the Study SDSU contributes to the local and statewide economies through its expenditures on operations, capital projects, wages, the spending of students off campus, and the spending of visitors to campus. The direct, day-to-day expenditures of SDSU, combined with the student and visitor spending, cause a ripple effect throughout the statewide economy. The total economic impact of SDSU in FY 19 totaled $936.3 million. This contribution to the local and statewide economies is a point-in-time snapshot depicting how the expenditures of SDSU and its faculty, staff, students, and visitors make an impact. Data Source: Study Type: Geography: Study Year: Methodology: SOUTH DAKOTA STATE UNIVERSITY STUDY PROFILE South Dakota Board of Regents and South Dakota State University Economic Contribution Analysis South Dakota Fiscal Year 2019 (FY 19) IMPLAN SDSU Contributes to the State and Local Economy Operations and Spending Contribution SDSU operations and capital spending in FY 19 contributed a total of $836.4 million. SDSU’s operations generated $513.7 million in direct economic impact, $149.1 million in indirect economic impact, and $173.6 million in induced economic impact. Student Spending Contribution SDSU students contributed a total of $78.5 million to the state’s economy in FY 19 as a result of their spending. They generated $50.8 million in direct economic impact, $13.5 million in indirect economic impact, and $14.1 million in induced economic impact. Visitor Spending Contribution Visitor spending at SDSU in FY 19 contributed a total of $21.5 million. Visitors to SDSU generated $13.0 million in direct economic impact, $4.5 million in indirect economic impact, and $3.9 million in induced economic impact. SDSU’s Combined Economic Impact (FY 19) $936,291,701 total combined economic impact Total Direct Spending: Total Indirect Spending: Total Induced Spending: $577,502,522 $167,206,533 $191,582,646 $21,468,363 total visitorspending $12,999,902 $4,525,017 $3,943,444 Direct Spending: Indirect Spending: Induced Spending: $78,457,252 total studentspending $50,837,986 $13,539,876 $14,079,390 Direct Spending: Indirect Spending: Induced Spending: $836,366,086 total operationsspending $513,664,634 $149,141,640 $173,559,812 Direct Spending: Indirect Spending: Induced Spending: Source: Parker Philips using IMPLAN with data from SDBOR and SDSU SDSU supports a total of 4,848 full- and part-time jobs throughout the state. Beyond the direct jobs at the university, indirect and induced jobs include construction for campus projects, retail, restaurants, daycare, real estate, and banking — to name a few. Creating & Sustaining JobsThroughout South Dakota South Dakota State University Employment Contribution (Jobs, FY 19) 4,848 total combined contribution (jobs) Total Direct Contribution: Total Indirect Contribution: Total Induced Contribution: 2,601 981 1,266 202 total visitorcontribution (jobs) 147 29 26 Direct Contribution: Indirect Contribution: Induced Contribution: 733 total studentcontribution (jobs) 564 76 93 Direct Contribution: Indirect Contribution: Induced Contribution: 3,913 total operationscontribution (jobs) 1,890 876 1,147 Direct Contribution: Indirect Contribution: Induced Contribution: Source: Parker Philips using IMPLAN with data from SDBOR and SDSU Jobs Generated by University Operations SDSU operations supported and sustained a total of 3,913 jobs: 1,890 direct jobs, 876 indirect jobs, and 1,147 induced jobs. Jobs Generated by Student Spending Students from SDSU supported and sustained a total of 733 jobs as a result of their spending: 564 direct jobs, 76 indirect jobs, and 93 induced jobs. Jobs Generated by Visitor Spending Visitors to SDSU supported and sustained a total of 202 jobs as a result of their spending: 147 direct jobs, 29 indirect jobs, and 26 induced jobs. Based on analysis by industry sectors, other jobs supported by the university’s economy outside of the higher- education and healthcare sectors include jobs in real estate, retail, and services (e.g., restaurants, child-care centers, and entertainment). SDSU’s employees, suppliers, and related constituencies contribute to the local and statewide tax bases. In FY 19, the university contributed an estimated $31.6 million ($17.4 million direct and $14.2 indirect and induced) through local spending (operational, capital, students, and visitors) as well as direct and indirect support of jobs. At the state and local levels, SDSU contributes to the tax bases through its purchasing. Specific taxes include employee and employer contributions to state and local social-insurance funds, sales and use taxes, personal property taxes, taxes paid on motor-vehicle licenses, and payments of fines and fees. Generating Local and StateTax Revenues South Dakota State University State and Local Tax Impacts (FY 19) $3,344,538 $1,054,073 $1,713,924 $6,112,535 Source: Parker Philips using IMPLAN with data from SDBOR and SDSU DIRECT INDIRECT INDUCED TOTAL SUB COUNTY GENERAL SUB COUNTY SPECIAL DISTRICTS COUNTY STATE TOTAL $3,834,694 $1,210,831 $1,968,993 $7,014,518 $1,543,211 $480,416 $780,732 $2,804,359 $8,700,571 $2,660,756 $4,292,088 $15,653,415 $17,423,014 $5,406,076 $8,755,737 $31,584,827 Research expenditures increased by more than $4 million from $63.5 million in fiscal year 2018 to $67.6 million in fiscal year 2019. This 6.5% increase moves the university closer to its Imagine 2023 goal of increasing research productivity by 40%. SDSU ranked 182nd for total research and development expenditures in 2019 according to the National Science Foundation. SDSU received a grant in 2020 from NIH to study using microparticles in treating tuberculosis. In 2021, they received an NIH grant to research rare genetic mutations in an enzyme that will help patients with genetic conditions. In FY 19, research expenditures at SDSU generated $104.5 million in economic impact, supported 603 jobs, and generated $2.2 million in local and state tax revenue. SDSU Research The Division of Research and Economic Development at SDSU works closely with university researchers, business leaders, and other sponsors to promote faculty expertise aimed at solving real-world problems in society and industry. SDSU has positioned itself as a leader in agriculture and precision agriculture, remote sensing, and life sciences. The research enterprise also capitalizes on expertise in digital technology related to agriculture and resource management. The precision agriculture initiative brings together experts from computer science, statistics, engineering, remote sensing, and agriculture, as well as industry partners to increase the profitability and sustainability of agriculture. SDSU Research Impacts (FY 19) 320 152 131 603 Source: SDBOR with analysis by Parker Philips, Inc. DIRECT INDIRECT INDUCED TOTAL $59,143,038 $25,425,702 $19,891,388 $104,460,128 $692,742 $618,453 $901,275 $2,212,470 EMPLOYMENT JOBS ECONOMIC OUTPUT STATE & LOCAL TAX IMPACT SDSU Research Commercialization Activity FY 17 FY 18 FY 19 FY 20 FY 21 TOTAL PATENTS ISSUED LICENSE AGREEMENTS SIGNED LICENSE AGREEMENTS SIGNED WITH STARTUPS INVENTION DISCLOSURES COMING FROM RESEARCH PATENTS FILED 12 10 10 3 3 38 5 6 1 0 0 12 7 10 2 2 4 25 4 3 0 0 0 7 51 24 23 17 12 127 Source: SDBOR and SDSU Research commercialization activity at SDSU in FY 19 resulted in 23 invention disclosures, 1 patent issue, and 2 signed licensing agreements. SDSU received an NSF grant in 2021 to study lithium for use in batteries. The research has implications for powering electric cars and other appliances. Like many states, South Dakota is experiencing a shortage of healthcare professionals. In nursing alone, South Dakota experienced a net loss of more than 2,500 RNs over 2019 and 2020 as nurses retired, left the profession altogether, or moved out of the state, according to the South Dakota Board of Nursing. Healthcare shortages are a particular challenge in rural states like South Dakota, where those who live in healthcare “deserts” have little to no access to face-to-face interaction with a nurse or other healthcare professionals. SDSU leads the way in addressing this healthcare challenge head-on. Its work to address the opioid crisis, which hits rural residents without access to healthcare particularly hard, is changing outcomes. SDSU formed START — Stigma, Treatment, Avoidance, and Recovery Time — an innovative consortium that delivers services to three counties in rural South Dakota: Brookings, Codington, and Hughes. START-SD brings together faculty from SDSU’s public health, pharmacy, and nursing programs; the Center for Family Medicine and other Avera health providers; and a range of addiction and support counseling providers. Rural county residents can access these services via telehealth or in-person visits. During 2020, START delivered services to more than 1,000 patients in the tri-county area. SDSU’s world-class faculty are lending their talents to directly address the opioid crisis in rural South Dakota and ensuring all South Dakotans — regardless of ZIP code — have the health care access they need to meet their full potential. Case Study: SDSU ADDRESSES THE RURAL OPIOID CRISIS “Rural areas are hit hard by substance use disorders, but they have less access to services. If we all work together we can remove that gap and help every person be a more functioning member of society.” Dr. Aaron Hunt START-SD Program Coordinator In 2019, nearly 2,600 students graduated from SDSU. Thanks to partnerships with employers both locally and statewide, SDSU has built an intentional pipeline to the job market and a strong demand for talent and graduates at businesses big and small. Nearly 52% of SDSU graduates plant their roots in South Dakota, contributing to the state and making a positive economic impact after graduation. The direct impact of the total average wage earned by undergraduate and graduate alumni of SDSU on the economy over a 40-year career totals $100.8 billion. The earnings of the 36,664 alumni from SDSU living and working in South Dakota over the course of their 40-year careers will total $100.8 billion, support and sustain a cumulative total of 670,964 jobs, and generate $4.5 billion in fiscal impacts at the local, state, and federal levels. SDSU Alumni SDSU Athletics Gameday on the gridiron for the Jacks is an event for the community. In 2019, a total of 164,412 people attended Jackrabbits football games. Collegiate sports are a major part of life at SDSU and for the Brookings community. Homecoming at SDSU is Hobo Week — a tradition that goes back to 1912. Activities all week include “bumming a meal,” when students go into Brookings and the town hosts students for dinner; a bonfire; and a pep rally. Alumni, students, and local residents watch the homecoming football game, with “The Pride of the Dakotas” performing a halftime show. #GOJACKS SPORTS AT THE NCAA DIVISION I LEVEL. REGULAR AND POST-SEASON LEAGUE CHAMPIONSHIPS CLAIMED IN 8 DIFFERENT SPORTS SINCE 2009-10. SDSU TEAMS COMPETE IN THE SUMMIT LEAGUE. FOOTBALL TEAM COMPETES IN THE MISSOURI VALLEY FOOTBALL CONFERENCE OF THE FOOTBALL CHAMPIONSHIP SUBDIVISION. WRESTING TEAM COMPETES IN THE BIG 12. EQUESTRIAN TEAM COMPETES UNDER THE UMBRELLA OF THE NATIONAL EQUESTRIAN ASSOCIATION. OR HIGHER GPA OF STUDENT- ATHLETES ACROSS MORE THAN 70 MAJORS. 19 34 16 1 1 1 3.2 Charitable Giving and Volunteer Impact of SDSU The community around SDSU benefits from SDSU faculty, staff, and students. Based upon assumptions derived from the U.S. Census Bureau and the Points of Light Foundation regarding donation amounts and volunteerism rates by age, income level, and employment status, it is estimated that staff, faculty, and students give $1.4 million annually in charitable donations and volunteer for nearly 187,241 hours, valued at $4.4 million. In FY 19, the combined impact of charitable giving and volunteerism totaled $5.8 million. These benefits were in addition to the $936.3 million annual economic impact. Some examples of how SDSU gives back to the community include: Staff and Faculty Charitable Giving Student Charitable Giving Total Charitable Giving Staff and Faculty Volunteerism Hours Student Volunteerism Hours Total Volunteerism Hours Value of Staff and Faculty Volunteerism Hours Value of Student Volunteerism Hours Total Value Volunteerism Hours Grand Total SDSU Gives Back Each year, more than 500 students, staff, and faculty participate in State-a-Thon — a dance marathon funding hospital stays for children through Children’s Miracle Network. One Day for STATE raises money through the SDSU Foundation. Calling on alumni, staff, and students, the program provides donors the ability to directly support scholarships, student travel, and athletic teams they feel passionate about. In 2020, more than 4,800 donors — including 484 students — raised over $1.6 million. $971,385 $429,046 $1,400,431 26,219 161,022 187,241 $617,727 $3,793,670 $4,411,397 $5,811,828 South Dakota State University is the foundation of the Brookings community, from Jackrabbits football games to national concert tours in the performing arts center. SDSU generated a $936.3 million impact, making it an economic driver not just of South Dakota but of the greater Plains region. As a land-grant university, SDSU’s commitment to all South Dakotans makes it a community of those pushing South Dakota forward, combining educational opportunities with world-class research. South Dakota State University guides the next generation of South Dakotans into careers that serve the public and better the well-being of the state. Conclusion Appendix A: Terms & Definitions Study Year Dollar Year Total Economic Output/ Economic Impact Direct Economic Impact Indirect Economic Impact Induced Economic Impact Multiplier Effect Government Revenue/ State and Local Tax Impact Direct Employment Indirect Employment Induced Employment FY 2019 Presented in 2019 dollars Includes organizational spending on operations, capital expenditures, labor income expenditures, and value added to the economy as a result of expenditures made by an organization. It is the combined impact of direct, indirect, and induced impacts. All direct expenditures made by an organization due to its operating expenditures. These include operating expenditures, capital expenditures, and pay and benefits expenditures. The indirect impact includes the impact of local industries buying goods and services from other local industries. The cycle of spending works its way backward through the supply chain until all money is spent outside of the local economy, either through imports or by payments to value added (multiplier effect). The response by an economy to an initial change (direct effect) that occurs through re-spending of income received by a component of value added. IMPLAN’s default multiplier recognizes that labor income (employee compensation and proprietor income components of value added) is not lost to the regional economy. This money is recirculated through household spending patterns causing further local economic activity (multiplier effect). The multiplier effect is the additional economic impact created as a result of the organization’s direct economic impact. Local companies that provide goods and services to an organization increase their purchasing by creating a multiplier (indirect/supply-chain impacts). Household spending generated by employees of the organization and the organization’s suppliers create a third wave of multiplier impact (induced/household-spending impacts). Government revenue or tax revenue that is collected by governmental units at the state and local levels in addition to those paid directly by an organization. This impact includes taxes paid directly by the organization itself, employees of the organization, and vendors who sell products to the organization and at the household level. Total number of employees, both full-time and part-time, at the organization based on total jobs, not FTEs. Additional jobs created as a result of an organization’s economic impact. Local companies or vendors that provide goods and services to an organization increase their number of employees as purchasing increases, thus creating an employment multiplier. Additional jobs created as a result of household spending by employees of an organization and the employees of vendors. This is another wave of the employment multiplier. Appendix B: Data & Methods Data used to complete the contribution analysis was provided by the South Dakota Board of Regents and the university. Data supplied included operating expenditures, capital spending, pay and benefits, and total employees. Primary and secondary data was used to complete the input-output models in IMPLAN. The study approach and economic-impact findings are a conservative estimate of impact and are based on actual financial information. The study is a snapshot of the economic impact of the university. OVERVIEW AND THE IMPLAN MODEL The most common and widely accepted methodology for measuring the economic impacts of economic sectors is input-output (I-O) analysis. At its core, an I-O analysis is a table that records the flow of resources to and from companies/organizations and individuals within a region at a given time. For a specified region such as a state of the nation, the input-output table accounts for all dollar flows among different sectors of the economy in a given period. With this information, a model can then follow how a dollar added into one sector is spent and re-spent in other sectors of the economy, generating outgoing ripples of subsequent economic activity. This chain of economic activity generated by one event is called the “economic multiplier” effect. The primary tool used in the performance of this study is the I-O model and dataset developed and maintained by IMPLAN Group LLC (formerly Minnesota IMPLAN Group Inc.). IMPLAN is a widely accepted and used software model first developed by the U.S. Forest Service in 1972. Data used in the baseline IMPLAN model and data set come largely from federal-government databases. The input-output tables themselves come from the Bureau of Economic Analysis. Much of the annual data on labor, wages, final demand, and other market data comes from the Bureau of Labor Statistics, the U.S. Census Bureau, and other government sources. Government agencies, companies, and researchers use IMPLAN to estimate the economic activities associated with spending in a particular industry or on a particular project. The IMPLAN model extends conventional I-O modeling to include the economic relationships among government, industry, and household sectors, allowing IMPLAN to model transfer payments such as taxes. Producers of goods and services must secure labor, raw materials, and other services to produce their product. The resources transferred to the owners of that labor or those raw materials and services are then spent to secure additional goods and services or inputs to the products they sell. For example, an organization in a region may develop a company that produces tractors with a value of $1 million. However, to produce that product, they may be required to spend $500,000 in wages and benefits, $200,000 to suppliers of tractor parts, $100,000 for electricity, $50,000 for transportation of goods and raw materials to and from the plant, and $50,000 in various professional services associated with operating a business (e.g., attorneys and accountants). The suppliers will, in turn, spend those resources on labor and raw materials necessary to produce tractors. Workers and the owners of the company will buy goods and services from other firms in the area (e.g., restaurants and gas stations) and pay taxes. The suppliers, employees, and owners of this second tier will, in turn, spend those resources on other goods and services whether within the study region or elsewhere. The cycle continues until all of the money leaves the region. IMPLAN METHODOLOGY The model uses national production functions for over 536 industries to determine how an industry spends its operating receipts to produce its commodities. These production functions are derived from U.S. Census Bureau data. IMPLAN couples the national production functions with a variety of county-level economic data to determine the impacts at a state and congressional-district level. IMPLAN collects data from a variety of economic data sources to generate average output, employment, and productivity for each industry in a given county. IMPLAN combines this data to generate a series of economic multipliers for the study area. The multiplier measures the amount of total economic activity generated by a specific industry’s spending an additional dollar in the study area. Based on these multipliers, IMPLAN generates a series of tables to show the economic event’s direct, indirect, and induced impacts to gross receipts, or output, within each of the model’s more than 536 industries. The model calculates three types of effects: direct, indirect, and induced. The economic impact of BHSU is the sum of these three effects. CONSIDERATIONS CONCERNING IMPLAN There are three important points about the use of IMPLAN (or any other input-output model): It is a fixed-price model. The model assumes that changes in consumption are not limited by capacity and do not affect prices. This assumption does not cause a problem for the analysis presented here because we are taking a snapshot of South Dakota in a specific year. As in many studies using this type of model, the direct impacts are not calculated by the model; they are a reflection of actual spending levels and patterns created by South Dakota. Changing the level of direct spending allows us to calculate the magnitude of the indirect and induced effects associated with the initial level of spending. Because the model continues to calculate additional spending until all of the money leaves the region (i.e., “leakage”), the larger and more economically diverse the region, the longer it will take for spending to leave the region and the larger the impact is likely to be. For example, employees of South Dakota may spend some amount of their income on buying a car. If there are no car manufacturers in their state or county, this spending will leave the region and the multiplier effect will stop. At the national level, some portion of that same spending by that same individual may go to a national auto producer. That spending would lead to more spending at the national level than would be captured by a more regional model. The national impact will be larger than the sum in the individual states, and the individual state impact will be larger than the sum of the impacts in its congressional districts. Appendix C: FAQ’s WHAT IS AN ECONOMIC-CONTRIBUTION ANALYSIS? Technically, this study is a contribution analysis. The study quantifies the economic contribution of the university in terms of economic impact, jobs, and local and state tax revenue. The study calculates how spending by employees, visitors, and students contributes to the economy of South Dakota and beyond. It examines how expenditures create additional impact in the economy directly and through the multiplier. For the purposes of this study, an economic contribution is defined as the gross changes in South Dakota’s existing economy that can be attributed to the universities. Contribution analysis is a descriptive analysis that tracks gross economic activity: how spending by the university and its constituencies cycles dollars through the economy. The university’s economic-contribution analysis does not consider how spending at this university may crowd out spending at another college or university within the state. This type of analysis is one of the most common that is performed and is often mislabeled as an economic-impact study. Please note that while the terms used to express the contribution of South Dakota to the statewide economy are referred to as economic impact, this is a contribution analysis. Spending by students, staff, and faculty who are explicitly participating in activities associated with South Dakota’s output represents a “stemming-from effect” and could also be considered a direct effect of the higher-education industry. For example, a student who attends classes and spends $10 on lunch at a local restaurant is a stemming-from effect of the university. This contribution analysis then follows the direct economic activity and associated stemming-from effects through the economy, with the output of each sector broken down and attributed to expenditures on intermediate inputs or to value-added components such as labor, taxes, and returns to capital. Output multipliers, which are sector- and region-specific, are derived from the appropriate model and relate an industry’s economic activity (or changes in the industry’s economic activity) to gross sales in the other sectors of the regional economy. The contribution analysis does not account for the fact that if a student attending class were a local resident, then the $10 they spent on lunch potentially represents $10 they are not spending at another restaurant elsewhere in town. The direct effect in a contribution analysis includes purchases by students from in and out of state and is neither a measure of changes to the state’s economic base nor a measure of the value added to the region above what was paid to input suppliers. WHAT SHOULD YOU REMEMBER ABOUT THE STUDY WHEN YOU READ IT? • It is a point-in-time calculation of impact for FY 19. • It quantifies the amount of impact that the universities produce each year. • The economic numbers can fluctuate from year to year based on operational spending, capital spending, pay and benefits, number of employees, number of students, and state appropriation. • This is an economic-contribution analysis that casts a broader net to calculate impact than an economic-impact study. • These are conservative numbers and adhere to industry-respected protocols. WHAT METHODOLOGY WAS USED TO COMPLETE THIS STUDY? IMPLAN data and software were used to conduct this economic-contribution analysis. The IMPLAN database is built using county, state, ZIP code, and federal economic statistics that are specialized by region, not estimated from national averages, to measure the contribution or impact of an organization’s economic activity. WHAT WERE THE MULTIPLIERS FOR THIS STUDY? The multipliers used in this study range from 1.8 to 2.1. The multipliers are derived through the input-output models created using the IMPLAN software based upon industries selected during the modeling process. WHAT DATA DOES THIS STUDY USE TO CALCULTE THE ECONOMIC IMPACT? Primary data used in this analysis is for FY 19 and was obtained from the South Dakota Board of Regents and the university. Data addresses the following subjects: • Operating expenditures. • Capital expenditures. • Pay and benefits by employee type. • Number and types of students (all in-state and out-of-state students included). • Athletics. • Volunteerism. • Charitable giving. • Alumni data. Secondary data was used to estimate the following: • Student spending habits based on the universities’ budgets for spending (full- and part-time undergraduate and graduate students, excluding tuition and fees). • Visitor numbers and visitor spending habits (day and overnight visitors). WHAT ARE THE COMMUNITY-BENEFIT IMPACTS BASED UPON? Charitable-giving impacts are based upon assumptions found in the U.S. Census donor data. These models do not assume a 100% participation rate for staff, faculty, and students and are not based on averages. Some colleges and universities had primary data available on volunteerism, and in those cases actual hours were used in the calculation. For the purposes of this study, it is assumed that 24.9% of staff and faculty donate an average of $2,064 annually and 14.9% of students donate an average of $250 each year. Volunteer impacts are based upon assumptions found in the U.S. Census, and the value of a volunteer hour was obtained from the Points of Light Foundation and is estimated at $23.56 per hour. Data used to complete the contribution analysis was provided by the South Dakota Board of Regents and the university. Data supplied included operating expenditures, capital spending, pay and benefits, and total employees. Primary and secondary data was used to complete the input-output models in IMPLAN. The study approach and economic-impact findings are a conservative estimate of impact and are based on actual financial information. The study is a snapshot of the economic impact of the university.OVERVIEW AND THE IMPLAN MODELThe most common and widely accepted methodology for measuring the economic impacts of economic sectors is input-output (I-O) analysis. At its core, an I-O analysis is a table that records the flow of resources to and from companies/organizations and individuals within a region at a given time. For a specified region such as a state of the nation, the input-output table accounts for all dollar flows among different sectors of the economy in a given period. With this information, a model can then follow how a dollar added into one sector is spent and re-spent in other sectors of the economy, generating outgoing ripples of subsequent economic activity. This chain of economic activity generated by one event is called the “economic multiplier” effect.The primary tool used in the performance of this study is the I-O model and dataset developed and maintained by IMPLAN Group LLC (formerly Minnesota IMPLAN Group Inc.). IMPLAN is a widely accepted and used software model first developed by the U.S. Forest Service in 1972. Data used in the baseline IMPLAN model and data set come largely from federal-government databases. The input-output tables themselves come from the Bureau of Economic Analysis. Much of the annual data on labor, wages, final demand, and other market data comes from the Bureau of Labor Statistics, the U.S. Census Bureau, and other government sources.Government agencies, companies, and researchers use IMPLAN to estimate the economic activities associated with spending in a particular industry or on a particular project. The IMPLAN model extends conventional I-O modeling to include the economic relationships among government, industry, and household sectors, allowing IMPLAN to model transfer payments such as taxes. Producers of goods and services must secure labor, raw materials, and other services to produce their product.The resources transferred to the owners of that labor or those raw materials and services are then spent to secure additional goods and services or inputs to the products they sell. For example, an organization in a region may develop a company that produces tractors with a value of $1 million. However, to produce that product, they may be required to spend $500,000 in wages and benefits, $200,000 to suppliers of tractor parts, $100,000 for electricity, $50,000 for transportation of goods and raw materials to and from the plant, and $50,000 in various professional services associated with operating a business (e.g., attorneys and accountants). The suppliers will, in turn, spend those resources on labor and raw materials necessary to produce tractors. Workers and the owners of the company will buy goods and services from other firms in the area (e.g., restaurants and gas stations) and pay taxes. The suppliers, employees, and owners of this second tier will, in turn, spend those resources on other goods and services whether within the study region or elsewhere. The cycle continues until all of the money leaves the region. WHY DID THE SDBOR COMMISSION A STUDY? The SDBOR commissioned the analysis to quantify the impact of all six public higher education institutions in its system. SDBOR and the university have a number of helpful tools to explain the value proposition for supporting higher education; this independent study is one way to help explain its worth. In trying to explain the value of South Dakota public higher education to internal and external constituents, it is important to quantify the workforce and economic gains realized throughout the state. There are many ways to view the impact and value of a university and university system — economic impact is one. WHY DOES THIS STUDY LOOK DIFFERENT FROM OTHERS WE HAVE SEEN PUBLISHED? The veracity of the data and methodology are consistent with industry-standard protocols for conducting an effective economic-impact study that is conservative. The data is an independent assessment of the university’s contribution to the overall economy — the numbers drive the message, not the other way around. The report is designed to make the data analysis accessible to all readers. Get in touch now South Dakota BOARD of REGENTS 1 University Street SD Phone: 888.888.8888 Fax: 888.888.8888 info@SDBOR.edu Prepared by Board of Regents ECONOMICIMPACT REPORT 2021 outh Dakota Public Higher Education: Educating South Dakota’s Workforce of Today and Tomorrow S Table of Contents INTRODUCTION 7 ABOUT THE STUDY 8 STATE OF HIGHER EDUCATION IN SOUTH DAKOTA 11 FUELING SOUTH DAKOTA’S ECONOMY 12 CASE STUDY: USD MED SCHOOL GRADS OFFER HOPE 14 STRENGTHENING SOUTH DAKOTA’S WORKFORCE 16 A DEGREE MAKES A LIFELONG IMPACT ON SOUTH DAKOTA 18 CASE STUDY: NSU BUILDS COMMUNITY CONFIDENCE 21 CASE STUDY: EDUCATING OUR VETERANS 22 GENERATING LOCAL AND STATE TAX REVENUES 23 SouthDakota BOARD of REGENTS APPENDICES CASE STUDY: A PROFILE OF PHILIP, SOUTH DAKOTA 25 A NEIGHBORLY SPIRIT 26 GIVING BACK TO SOUTH DAKOTA 27 FRIDAY NIGHT LIGHTS 28 CASE STUDY: UNIVERSITIES ENHANCE THE QUALITY OF LIFE 30 TRANSFORMATIVE RESEARCH IN SOUTH DAKOTA 31 CASE STUDY: PREPARING A FUTURE YET TO BE IMAGINED 32 CONCLUSION 33 A: TERMS AND DEFINITIONS 34 B: STATE & COUNTY IMPACTS 35 C: DATA AND METHODS 36 D: FAQs 38 South Dakota Higher Education Makes an Impact $2.1 billion in economic impact 12,354 jobs supported and sustained $74.1 million in local and state taxes STRENGTHENING SOUTH DAKOTA’S WAY OF LIFE 34,520 total students 6,655 graduates each year 21,423 students from SD attending university 46% of students stay in SD to live and work 4.2% are first-generation college students 2.6% of students are American Indian 79% of students receive financial aid (grants, loans,and/or scholarships) OPEN ACCESS SUPPORTSLIMITLESS POTENTIAL 2,990 nurses 294 doctors 3,914 teachers 303 lawyers 378 pharmacists HOMEGROWN CREDENTIALS TO SUPPORT OURHOMETOWNS South Dakota public institutions are addressing significant workforce and education gaps in business, finance, early childhood education, teaching, accounting, sustainability studies, hospitality management, agriculture, general studies, health professions, and psychology. Expansion of master’s degree programs in registered nursing and business management. NIMBLY RESPONDING TO WORKFORCE NEEDS Consolidation of administrative functions yields cost savings Reducing majors to avoid duplication and low enrollment Collaboration between USD, DSU, and the Community College for Sioux Falls West River Health Sciences Center is a BHSU and SDSU collaboration to expand nursing and health occupations in western South Dakota ENGAGED, EFFICIENT & LEAN 4 South Dakota Higher Education Makes an Impact 5,746 students enrolled in 8,078 courses at six universities 189 high schools participating Cost savings of dual enrollment saves the students and saves the state DUAL ENROLLMENT 6 universities 1 master plan to educate professionals of the future 1 overarching governance body — South Dakota Board of Regents 1 unified vision with six voices 1 South Dakota INDEPENDENT BUT COORDINATED STRATEGY $168.5 million research impact generated and 974 jobs supported and sustained 437 engineering graduaties 374 information technology graduates 338 agriculture and veterinary sciences graduates ENRICHING ECONOMIC ENGINES $13 million in volunteerism with nearly 550,000 hours $3.8 million in philanthropy for community charities $16.8 million in total giving by faculty, staff, and students COMMUNITY HUBS $300.9 billion in impact generated from alumni over their 40-year careers supporting 1.9 million jobs 104,937 alumni living and working in the state BLOOM WHERE YOU’RE PLANTED 5 8 “Our public universities are working as one to serve the education and workforce needs of South Dakota. Our regental system serves the distinctive needs of our students and demands of industry while being careful stewards of the state’s dollars.” Dr. Brian Maher Executive Director & CEO, South Dakota Board of Regents of theSouth Dakotaeconomy are in the higher education system supported and sustained 12,354 jobs generated i n t o t a l economic i m p a c t $2.1 billion 4% 2.7% of South Dakota’s workforce 4,852 direct jo b s $74.1 million generated in st a t e and local taxes $16.7 million annually in charitable givin g and volunteeri s m 6 Introduction South Dakota’s six public universities each have a unique identity. ¹ Public universities in this study refer to those under the South Dakota Board of Regents: Black Hills State University, Dakota State University, Northern State University, South Dakota School of Mines & Technology, South Dakota State University, and The University of South Dakota. And under the strong leadership of the Board of Regents, together they form a coordinated, unified system in which each performs a vital function in educating the sons and daughters of South Dakota. From their beginnings as typical schools before South Dakota was admitted to the Union to the cutting-edge research and first-class education they provide today, the universities have been the backbone of higher education in the Mount Rushmore State. Every year more than 30,000 students from small towns and big cities across the state attend Black Hills State University, Dakota State University, Northern State University, South Dakota School of Mines & Technology, South Dakota State University, and the Universi- ty of South Dakota. The South Dakota Board of Regents oversees these universities with nimble precision that allows South Dakota to stay at the forefront of a changing world. The South Dakota regental system plays a powerful role in the state’s economy. Taken together, they supported a total of 12,354 jobs across the six universities¹ and administrative offices and generated $2.1 billion in annual economic impact in the fiscal year 2019. 7 8 Analysis & Reporting About the Study In July 2021, the South Dakota Board of Regents (SDBOR) engaged Parker Philips Inc. to measure the economic contribution of public higher education overall and of each of South Dakota’s six universities, individually. This analysis aims to tell the university system’s story from a numbers and narrative perspective. To develop this report, Parker Philips gathered student, financial, and employment data about each university, visited and toured each campus, conducted multiple interviews, and researched secondary data and information to inform the writing and critical messages. Campus Visits & Key Stakeholder Interviews Methodology: Geography: Fiscal Year: Institutions Included: IMPLAN South Dakota 2019 (FY 19) Black Hills State University Dakota State University Northern State University South Dakota School of Mines & Technology South Dakota State University University of South Dakota South Dakota Board of Regents OVERVIEW Financial & Data Gathering In October 2021, the task force released a report that includes 35 separate recommendations across several areas. Recommendations include a range of cost-saving measures, including combining some administrative systems across universities and consolidating contracts, targeted consolidation of some academic programs, and expanded use of data to address issues such as enrollment trends, class size, program size, and central office staffing and functions. The Board of Regents is committed to full consideration of each recommendation in the coming months. As America’s economy continues to adjust to rapidly changing circumstances in this country and across the world, South Dakota’s public universities have never been more important. By delivering efficient, high-quality postsecondary education aligned to the current and emerging workforce and talent needs of South Dakota, the state’s six universities are the foundation of South Dakota’s well-being — both now and in the future. This report details the total economic impact of South Dakota’s public university system and provides rich evidence of its total value for the people of South Dakota. 9 The primary tool used in the performance of this study is the input-output model and data set developed by IMPLAN Group LLC. Financial data used in this study was obtained from SDBOR and included the following data points: operational expenditures, capital expenditures, and payroll and benefits for employees for FY 19. Secondary data was used to estimate spending by visitors (day and overnight) and students (undergraduate and graduate) exclusive of tuition and fees. Additional information on the methodology and assumptions used to complete this study can be found in Appendix C. The impact presented in this analysis is broken down into three categories: direct impact, indirect impact, and induced impact. The indirect and induced impacts are commonly referred to as the “multiplier effect.” The graphic below provides an overview of the types of impact detailed in this report. 10 State of Higher Educationin South Dakota Senate Bill 55 Senate Bill 55 was enacted by the South Dakota Legislature in 2020 requiring the Board of Regents to form a task force to review the operations of the six public universities and provide a set of recommendations to increase efficiency and achieve cost savings. This request aligned well with the mission of the Board of Regents to ensure that taxpayer and student dollars that flow to the six public universities are being used as effectively as possible. Task force members met collectively six times and convened 20 subcommittee meetings as they conducted this work. South Dakota’s public university system occupies a uniquely important place in state residents' economic and social well-being. Enrolling more than 33,000 students across its six institutions and awarding over 6,600 undergraduate and advanced degrees each year. South Dakota’s public universities are a primary economic engine of the state. This is underscored by the fact that the state is home to only five private, nonprofit four-year colleges and universities. South Dakota’s public university system is an integral part of the state’s future. Like nearly every state in the country, South Dakota’s public universities face undeniable challenges – declining population, decreased student enrollment, affordability of higher education, and decreased state appropriations. As the numbers of high school graduates have dropped, total enrollment in the state’s public universities has declined 8.1% over the past five years with enrollment shifts varying substantially across the six institutions. According to the State Higher Education Executive Officers (SHEEO), education appropriations per FTE in South Dakota have decreased 29.1% since 1980, and in 2019 public institutions received $5,817 per full-time equivalent student — about 71% of the U.S. average. The state has increased financial aid during that time period; in two decades the amount of state aid has increased 4,274% and has risen from .1% to 4.7% of all education appropriations. Among six neighboring states (Iowa, Minnesota, Montana, Nebraska, North Dakota, and Wyoming), the annual cost for undergraduate tuition and fees in South Dakota is second only to Minnesota. Total costs for tuition, fees, and room and board were $16,251 in South Dakota’s public universities in 2019. South Dakota’s public universities are tackling these unprecedented challenges and will develop new strategies and tactics to ensure that they serve the state’s economic and social well-being. The Board of Regents, individual universities, and statewide leadership are working together to ensure an efficient and effective public higher education system that serves the needs of South Dakota’s citizenry. 11 Fueling South Dakota’sEconomy Universities contribute to the local and statewide economies through their expenditures on operations, capital projects, wages, the spending of students off campus, and the spending of visitors to campus. The direct, day-to-day expenditures of the universities, combined with student and visitor spending, cause a ripple effect throughout the statewide economy. The total economic impact of the universities in FY 19 totaled $2.1 billion, which is 4% of the South Dakota economy. This contribution to the local and statewide economies is a point-in-time snapshot depicting how the expenditures of the university system and its faculty, staff, students, and visitors make an impact. Operations and Spending Contribution The universities’ operations and capital spending in FY 19 contributed a total of $1.8 billion. The universities’ operations generated $1.1 billion in direct economic impact, $305.2 million in indirect economic impact, and $420.9 million in induced economic impact. Student Spending Contribution South Dakota’s public university students contributed a total of $273.5 million to the state’s economy in FY 19 as a result of their spending. They generated $180.1 million in direct economic impact, $47.5 million in indirect economic impact, and $45.9 million in induced economic impact. Visitor Spending Contribution Visitor spending contributed a total of $55.0 million. Visitors to all universities generated $33.3 million in direct economic impact, $11.6 million in indirect economic impact, and $10.1 million in induced economic impact. 12 Combined Economic Impact (FY 19) $2,105,739,241 total combined economic impact $55,022,986 total visitorspending $273,543,921 total studentspending $1,777,172,334 total operationsspending 13 Source: Parker Philips using IMPLAN with data from SDBOR Total Direct Spending: Total Indirect Spending: Total Induced Spending: $1,264,520,229 $364,295,694 $476,923,318 $33,342,449 $11,555,809 $10,124,728 Direct Spending: Indirect Spending: Induced Spending: $180,099,960 $47,561,254 $45,882,707 Direct Spending: Indirect Spending: Induced Spending: $1,051,077,820 $305,178,631 $420,915,883 Direct Spending: Indirect Spending: Induced Spending: Case Study: USD MED SCHOOL GRADS OFFER HOPE TO SOUTH DAKOTA’S HEALTHCARE DESERTS “Healthcare deserts” — areas that lack basic access to adequate medical care — exist in most parts of South Dakota. According to the South Dakota Department of Health, healthcare deserts exist in 52 of the state’s 66 counties in 2021. Lack of access to mental healthcare is even more acute, existing in 60 counties. Whether due to a shortage of primary care physicians or nurses, the absence of hospitals and trauma centers within a reasonable driving distance, or a lack of internet to access telemedicine, many South Dakotans struggle to address their medical needs. As a result, the physical and economic well-being of rural communities are at risk. The University of South Dakota’s Sanford School of Medicine has been nationally recognized for its sustained efforts to fill these gaps. In 2017, the school received the highest honor conferred upon medical schools by the Association of American Medical Colleges, the Spencer Foreman Award for Outstanding Community Service. The award recognizes schools with a long-standing commitment to partnering with communities to meet medical needs. USD’s medical school stood out largely because of its reach statewide, with students spreading out across the state to learn, work, and serve in both cities and rural communities across South Dakota. These students are supported by programs like Frontier and Rural Medicine, or FARM, which pairs medical students with family physicians in rural communities such as Milbank, Parkston, Winner, and Pierre. FARM helps students learn what it’s like to work and thrive in small-town clinics and hospitals. Dr. Matthew Owens, a 1993 graduate of USD Sanford School of Medicine who is board certified in family medicine and operates a rural practice in Redfield, SD, is making an impact by serving a community of about 2,200 residents in the northeast quadrant of the state. He joins four other USD Sanford School of Medicine MD graduates practicing in a small 17-bed hospital attached to a rural health clinic. “I don’t think you’re going to recruit a lot of physicians into rural South Dakota from outside the state. USD Sanford School of Medicine drives rural healthcare in South Dakota and makes our small communities strong,” says Owens. This healthcare system is a major economic engine of the area, employing 129 healthcare professionals ranging from speech therapists to nurses and hospital administrators to cleaning crews. 14 “I’ve been in Redfield for 20 years. I am part of the community. I support my patients, and they support me and my family. You can’t put a price tag on that.” Dr. Matthew Owens Physician, Redfield, SD 15 South Dakota’s six public universities support a total of 12,354 full- and part-time jobs throughout the state — 2.7% of South Dakota’s workforce. Indirect and induced jobs are also generated via construction for campus projects, retail, restaurants, daycare, real estate, and banking — to name a few. Strengthening South Dakota’s Workforce at South Dakota Public Higher Educational Institutions 4,852 directjobs support an additional7,502 jobs 16 Combined Employment Impact (Jobs, FY 19) Jobs Generated by University Operations University operations supported and sustained a total of 9,426 jobs: 4,852 direct jobs, 1,792 indirect jobs, and 2,782 induced jobs. Jobs Generated byStudent Spending South Dakota state university students supported and sustained a total of 2,411 jobs as a result of student spending: 1,845 direct jobs, 263 indirect jobs, and 303 induced jobs. Jobs Generated byVisitor Spending Visitors to all universities supported and sustained a total of 517 jobs as a result of their spending: 376 direct jobs, 74 indirect jobs, and 67 induced jobs. Based on analysis by industry sectors, other jobs supported by the university’s economy outside of the higher education and healthcare sectors include jobs in real estate, retail, and services (e.g., restaurants, child-care centers, and entertainment). 12,354 total combined contribution (jobs) Total Direct Contribution: Total Indirect Contribution: Total Induced Contribution: 7,073 2,129 3,152 517 total visitorcontribution (jobs) 376 74 67 Direct Contribution: Indirect Contribution: Induced Contribution: 2,411 total studentcontribution (jobs) 1,845 263 303 Direct Contribution: Indirect Contribution: Induced Contribution: 9,426 total operationscontribution (jobs) 4,852 1,792 2,782 Direct Contribution: Indirect Contribution: Induced Contribution: Source: Parker Philips using IMPLAN with data from SDBOR 17 A Degree Makes a Lifelong Impact on South Dakota A higher education credential changes outcomes not just for individuals but also for their families and the entire South Dakota economy and quality of life. College degrees lead to opportunities for a lifelong career, financial stability, and better overall health and well-being. In today’s world, educational attainment plays an even more significant role in other aspects of people’s lives — it increases opportunity and improves overall quality of life and longevity. Increased Lifelong Earnings Pursuing a college degree is an investment in future earnings and a higher quality of life. Education is the clearest personal pathway to increased earnings and economic security. The relationship between higher education and higher lifetime earnings is well-established. The median salary of an individual increases by 67.3% from a high school degree to a bachelor’s degree.² The earning power of a college degree is experienced over a career and a lifetime. People with a bachelor’s degree earn an average of $1 million more over the course of their 40-year career than those with a high school diploma. According to the U.S. Bureau of Labor Statistics, the average salary earned by a person with a bachelor’s degree in the United States (U.S.) is $64,896, which is $33 per hour. This does not include the benefits packages and fringe benefits offered as a part of a regular compensation package. Future earnings will be higher or lower based on degree type. ² All salary data is sourced from the U.S. Bureau of Labor and Statistics. https://www.bls.gov/careeroutlook/2020/data-on-display/education-pays.htm Dr. Matthew Owens, a 1993 graduate of USD Sanford School of Medicine who is board certified in family medicine and operates a rural practice in Redfield, SD, is making an impact by serving a community of about 2,200 residents in the northeast quadrant of the state. He joins four other USD Sanford School of Medicine MD graduates practicing in a small 17-bed hospital attached to a rural health clinic. “I don’t think you’re going to recruit a lot of physicians into rural South Dakota from outside the state. USD Sanford School of Medicine drives rural healthcare in South Dakota and makes our small communities strong,” says Owens. This healthcare system is a major economic engine of the area, employing 129 healthcare professionals ranging from speech therapists to nurses and hospital administrators to cleaning crews. 18 0 10000 20000 30000 40000 50000 60000 70000 80000 U.S. Median Wage by Degree Type 67.3% increase in annual median earnings $64,896 $38,792 Bachelor's Degree High School Diploma Source: U.S. Bureau of Labor and Statistics Decreasing Crime and Associated Costs ³ Vera Institute of Justice. https://www.vera.org/publications/price-of-prisons-2015-state-spending-trends/price-of-prisons-2015-state-spending-trends/price-of-prisons-2015-state-spending-trends-prison-spending Unemployment and Earnings by Degree Type, 2019 19 Source: U.S. Bureau of Labor and Statistics, 2019 Analysis by Parker Philips, Inc. Decades of research has shown that educational attainment decreases a person’s likelihood of engaging in criminal activity. A community’s education level correlates to how safe it is — better-educated communities have lower levels of crime, and therefore need fewer public dollars for incarceration and the criminal justice system. In 2015, South Dakota reported spending over $73 million on its prison systems across the state — about $20,700 per inmate.³ South Dakota benefits from a strong and well-supported public university system because more college graduates mean less crime, more community engagement, and a larger share of tax dollars available to invest in improving the lives of South Dakotans. Unemployment Rate 1.1% 2.0% 2.2% 2.7% 3.3% 3.7% 5.4% Median Annual Earnings 97,916 $77,844 $64,896 $46,124 $43,316 $38,792 $30,784 Median Weekly Earnings $1,883 $1,497 $1,248 $887 $833 $746 $592 Difference in Annual Earnings Over Previous Degree Type $20,072 $12,948 $18,772 $2,808 $4,524 $8,008 % Change Over Previous Degree 1.2% 20.0% 40.7% 6.5% 11.7% 26.0% Doctorate Degree Master's or Professional Degree Bachelor's Degree Associate Degree Some College but No Degree High School Diploma Less Than a High School Diploma South Dakota's Talent Base Makes an Impact The impact of South Dakota’s college graduates during the course of their careers is significant. In 2019, more than 6,665 students graduated from South Dakota’s public higher education institutions. Many graduates plant their roots in the communities where they earned their degree, shoring up the strength of available human capital. Relationships formed between the universities and private corporations such as Sanford Health, Nieman Enterprises, and Agtegra Cooperative help grow and sustain the workforce and economic activity throughout South Dakota. South Dakota public higher education’s alumni that stay in the state to live and work after graduation make an outsized impact on the state’s economy. The earnings of the 104,937 alumni from South Dakota’s public institutions living and working in South Dakota over the course of their 40-year careers will total $287.5 billion, support and sustain a cumulative total of 1,913,003 jobs, and generate $12.9 billion in tax impacts at the local and state levels. Increasing Longevity and Quality of Life Education level plays a major role in determining an individual’s quality of life. In the past 20 years, the life expectancy gap between the most educated and the least educated Americans has widened. Americans with less education are more likely to have serious health conditions than those with a higher level of education. Year after year, data from the Bureau of Labor Statistics shows that people with a university credential are more likely to have higher wages, employer-sponsored healthcare, paid vacation and leave, retirement savings, and work in lower-risk occupations. Educational attainment also usually leads to the ability to live in a safer neighborhood, which is also a social determinant of health.4 Educational attainment is a contributing factor to being able to have a better understanding of health issues, being able to self-advocate, and choosing a healthier lifestyle. People with a higher education are less likely to experience the stress created by social and economic troubles associated with lower earnings and less education. Highly educated adults are more likely to have stronger and broader social networks,5 which yields access to financial, emotional, and psychological resources, thereby reducing stress and providing coping mechanisms to protect them from adverse health effects. Higher education, among many other social determinants of health, matters to health outcomes. 4 Healthy People 2020. https://www.healthypeople.gov/2020/topics-objectives/topic/social-determinants-health/interventions-resources/enrollment-in-higher 5 Bauldry, Shawn. Conditional Health-Related Benefits of Higher Education: An Assessment of Compensatory versus Accumulative Mechanisms. Published online 2014 Apr 12. doi: 10.1016/j.socscimed.2014.04.005 20 Over the past 10 years, the Aberdeen community has contributed about $150 million to Northern State University (NSU). That’s a stunning amount of money from any city — particularly from one with a population of less than 30,000. It is tangible evidence that Aberdeen connects its future with the success of NSU. State Senator Casey Crabtree attended NSU in the early 2000s and has first-hand knowledge of NSU’s uniquely important relationship with Aberdeen and the entire northern region of South Dakota. “Walking around the NSU campus, you can really see what private investment has done for the university. It all came from people who really cared enough to make a difference in their community,” said Senator Crabtree. The $150 million NSU has received in local investments has gone a long way toward strengthening NSU’s educational offerings and expanding opportunities for local residents to take advantage of the University’s rich array of extracurricular offerings. From 2013 to 2021, local contributions have contributed to student scholarships, supported the construction of the Jewett Science Education Center, and provided enhancements to the Regional Sports Complex and athletic fields and facilities. Local dollars also contributed to the renovation of the Johnson Fine Arts Center — a facility that annually hosts more than 65 concerts, theater performances, and community events and welcomes more than 7,600 guests per year. Case Study: COMMUNITY RESOURCES ARE A TANGIBLE VOTE OF CONFIDENCE IN NSU “The university is incredibly important not only to the Aberdeen community but to the whole region. It’s our No. 1 tool to not only attract new workforce from other states, but to develop our own workforce right here in South Dakota. That’s why folks in Aberdeen are investing in NSU. When students have a great experience at NSU, they’ll stay and continue to be part of the workforce and carry on the legacy of Northern.” Casey Crabtree South Dakota State Senator 21 Case Study: OFFERING A DISTINCTIVE COLLEGE EDUCATION TO THOSE WHO SERVE OUR COUNTRY WITH DISTINCTION The U.S. military is one of the backbones of South Dakota’s economy and culture. It is the second-largest employer in South Dakota, powered in large part by historic Ellsworth Air Force Base (EAFB). Established a few miles from Rapid City in 1941, EAFB has served a role in several wars and as home base to critically important Air Force defense operations and training. EAFB is home to about 8,000 people including military members, their families, and civilian employees, and is one of the largest employers in the region. About 3,800 veterans also call western South Dakota home. “The Air Force is technically driven, and this partnership with Black Hills State University will further develop these airmen’s knowledge. They’re learning the critical thinking skills the Air Force needs in maintaining airplanes and staffing hospitals.” Roger Wilson Chief, Education and Training Ellsworth Air Force Base Black Hills State University (BHSU) has a 60-year history of supporting western South Dakota’s military by offering courses at Ellsworth Air Force Base. This fall, the partnership has been elevated to a new level. BHSU competed for and won a contract to operate a local campus on base, delivering distinctive undergraduate and graduate programs to those who serve our country with distinction. 22 Generating Local and State Tax Revenues The universities’ employees, suppliers, and related constituencies contribute to the local and statewide tax bases. In FY 19, the universities contributed an estimated $74.1 million ($41.0 direct and $33.1 million indirect and induced) through local spending (operational, capital, students, and visitors) as well as direct and indirect support of jobs. At the state and local levels, South Dakota’s public universities contribute to the tax base through their purchasing, student, and visitor spending. Specific taxes include employee and employer contributions to state and local social-insurance funds, sales and use taxes, personal property taxes, taxes paid on motor-vehicle licenses, and payments of fines and fees Combined State and Local Tax Impacts (FY 19) $7,859,825 $2,246,345 $4,227,382 $14,333,552 Source: Parker Philips using IMPLAN with data from SDBOR DIRECT INDIRECT INDUCED TOTAL $9,008,904 $2,580,333 $4,856,512 $16,445,749 $3,633,987 $1,024,027 $1,925,657 $6,583,671 $20,510,042 $5,673,003 $10,586,108 $36,769,153 $41,012,758 $11,523,708 $21,595,659 $74,132,125 SUB COUNTY GENERAL SUB COUNTY SPECIAL DISTRICTS COUNTY STATE TOTAL 23 Case Study: DSU APPLIED RESEARCH LAB CUTTING EDGE OF CYBERSECURITY “We can keep our very, very best and brightest students here after graduation to work in South Dakota at MadLabs®. And they're doing work of national security importance.” Dr. Josh Pauli Executive Director, DSU Applied Research Lab Madison Cyber Labs — affectionately known as MadLabs® — is a perfect example of how DSU’s cybersecurity expertise keeps our country safe while also contributing to the economy of the Madison region and beyond. MadLabs® draws new talent to the state and the region, attracting elite scholars, researchers, professionals, and partnerships with government, businesses, nonprofits, and other higher education institutions. This $18-million, 40,000-square-foot building is the first research facility of its kind in the Great Plains. The MadLabs® building and its associated programs are the result of a fruitful partnership between the university, the state, the federal government, and private donors. This includes $30 million from PREMIER Bankcard President and CEO Miles Beacom and his wife Lisa, along with Denny Sanford, owner of the Sioux Falls-based First PREMIER Bank and PREMIER Bankcard. Their gift is one of the largest single gifts to higher education in South Dakota history — and it’s generating a ripple effect across the region. Additional support includes a $10 million pledge from Governor Daugaard's Future Fund. The private and public funding sources are being leveraged to draw an additional $20 million in support from federal sources and private donors. The synergy created by this coalition of advocates for higher education will support South Dakotans for generations to come. Dakota State University (DSU) is small but mighty. The 3,200-student university in Madison is a national leader in cyber education and currently holds four Centers of Academic Excellence designations from the NSA and Department of Homeland Security: Cyber Defense Education, Cyber Defense Research, Cyber Operations, and Cyber Defense Consultative Regional Resource Center. Graduates of NSU’s cyber- security majors are in demand: The Beacom College of Computer and Cyber Sciences has a 96% placement rate for undergraduates and a 100% placement rate for graduate students. 24 Sometimes it’s easy to forget that South Dakota’s college graduates are in many ways the foundation of its small communities. Whether it’s the pharmacist who shows a senior how to use a new medication, the teacher who educates a future governor, the accountant who supports the local grocery store, the health professional who delivers babies, the undertaker who helps families navigate the passing of a family member, or the lawyer who provides advice to family farms and ranches — South Dakota’s college graduates provide the stability, services, and talent that keep its communities thriving. The town of Philip provides a case in point. With a little under 800 permanent residents, Philip is located halfway between Pierre and Rapid City in the western part of South Dakota. This small town is a powerhouse in its region, providing a local hospital, nursing home and medical facilities; a public school district including a rural school; a locally owned pharmacy; a newspaper; a bank, a funeral home, and several local businesses. Philip’s residents don’t have to drive 90 to 100 miles to meet their necessities — the town prides itself on having what they need. As a result, Philip is home to a growing number of young families eager to provide their children with the benefits of a small-town life with the advantages that Philip’s strong cadre of college-educated professionals provide. Courtney Kjerstad, owner of Philip’s Dakota Country Pharmacy, is one of those professionals. Born and raised in another South Dakota small town — Gettysburg — Kjerstad graduated from SDSU and received her Doctor of Pharmacy degree in 2011. After spending two years in Arizona working for a large pharmacy chain, Kjerstad and her husband decided to return to South Dakota to raise their family. “After having our first child, we decided it was time to move home and give our children the same wonderful opportunities we had growing up in rural South Dakota,” said Dr. Courtney Kjerstad, owner, Dakota Country. “We found opportunity in the wonderful community of Philip, and we became owners of Dakota Country Pharmacy in 2014.” “I can’t imagine doing anything else with my career because I love the satisfaction of knowing each and every one of my customers.” Dr. Courtney Kjerstad, owner, Dakota Country Pharmacy Homegrown Credentials to Support our Hometowns: A South Dakota Town Spotlight on: Philip, SD South Dakota is a small-town state. Over 150 towns and municipalities house less than 1,000 residents, and another 60 have populations of 6,000 or less. Dotted across the landscape, these small towns and rural communities form the fiber of South Dakota’s culture, providing a strong sense of community and a fierce loyalty to the South Dakota way of life. Case Study: 25 A Neighborly Spirit The spirit of South Dakota is neighbor helping neighbor, whether they are in Sioux Falls or Hill City. South Dakotans share a common spirit and set of values that are rooted in a love of the land and giving back to community. There is no shortage of ways that students, faculty, and staff give back to those in need with their time and their money. The presence of these universities in a community gives residents access to arts and cultural events, sporting events, and workout facilities that would otherwise not be available. The USD music department staffs the National Music Museum in Vermillion, giving the community access to historical and archival information or the opportunity to see a student performance in the new Janet L. Wanzek Performance Hall. NSU students support the South Dakota School for the Blind and Visually Impaired (SDSBVI) by assisting as student teachers and by volunteering to help in classes. SDSBVI students also use the NSU campus for mobility training. Black Hills State University hosts the Madeline A. Young Distinguished Speaker Series. Community members and students can attend the speaker series that brings in world-class speakers such as novelist Michael Chabon, United Nations Ambassador Jeane Kirkpatrick, actor Danny Glover, and writer and Pulitzer Prize winner Doris Kearns Goodwin. 26 Giving Back to South Dakota All of South Dakota benefits from the volunteerism and charitable giving of faculty, staff, and students. Based upon assumptions derived from the U.S. Census Bureau and the Points of Light Foundation regarding donation amounts and volunteerism rates by age, income level, and employment status, it is estimated that staff, faculty, and students give nearly $3.8 million annually in charitable donations and volunteer for almost 550,000 hours, valued at almost $13.0 million. In FY 19, the combined impact of charitable giving and volunteerism totaled nearly $16.8 million. These benefits were in addition to the $2.1 billion annual economic impact. Charitable Giving and Volunteer Impact of All Universities Staff and Faculty Charitable Giving $2,493,042 Student Charitable Giving $1,285,870 Total Charitable Giving $3,778,912 Staff and Faculty Volunteerism Hours 67,291 Student Volunteerism Hours 482,590 Total Volunteerism Hours 549,881 Value of Staff and Faculty Volunteerism Hours $1,585,386 Value of Student Volunteerism Hours $11,369,811 Total Value of Volunteerism Hours $12,955,197 Grand Total $16,734,109 27 Giving Back to South Dakota Friday Night Lights Rooting for the home team is integral to life in college towns across South Dakota. These universities are gathering places that create and strengthen the sense of community as South Dakotans gather to cheer on the home team. Towns from Spearfish to Vermillion are behind these student-athletes. 28 NSU has led the NCAA Division II in both men’s and women’s basketball game attendance for the last 13 years. In the 2020 Olympics, Chris Nilsen, a 2020 graduate of USD, won the silver medal in the men’s pole vault, clearing 19-7 — the highest an American has jumped in Olympic history. At SDSU in 2019, a total of 87,764 people attended Jackrabbits’ football games and listened as the marching band — “The Pride of the Dakotas” — performed at halftime shows. Dakota State set an NAIA record for scholar-athletes — who must have a 3.5 GPA or higher to qualify — in 2020–2021. BHSU and South Dakota Mines meet in the Black Hills Brawl every year, making this the longest-running rivalry in Division II football. BHSU won the first game in this rivalry in 1895, setting the tone of the future meetings between the two. The winner takes the Homestake Trophy, based on a prospector’s pan. 29 The value of a university cannot be fully captured in dollars and cents. A university is an integral part of the fabric of its host community. It can serve as a hub for social gatherings, recreation, sporting events, and the arts — creating a sense of community that is vital to the well-being of its residents and acting as a magnet that local businesses use to attract new talent to the area. Universities can also partner with businesses in the region to ensure their graduates have the skills and experience needed to hit the ground running and join the local economy. In turn, a university benefits from the engagement and talents of its hometown residents as they come to campus to cheer on sports teams, participate in charity events, and host student interns in local businesses. In university towns, both the community and the campus reap benefits too rich to capture in numbers alone. Northern State University (NSU) is an integral part of the Aberdeen community — and locals don’t take it for granted. Matt Campbell is CEO of MyPlace Hotels, an Aberdeen-based hospitality company with annual revenues of nearly $90 million and over 50 hotels in 27 states. Campbell has particular insight into NSU’s impact on the city of Aberdeen. For example, the university’s athletic teams and alumni events draw visitors near and far to hotels in his network and others, as well as to local restaurants and shopping venues. But even more important are the strong partnerships between Northern and local businesses that create a pipeline for placing talented interns and graduates into careers that will keep them in Aberdeen for years to come. Campbell points to long-standing relationships with academic department heads and deans that funnel Northern’s best and brightest into the city’s growing economy. Case Study: SOUTH DAKOTA’S UNIVERSITIES ENHANCE THE QUALITY OF LIFE IN THEIR HOST COMMUNITIES 30 “When you look at the value of Northern, and why it’s important to Aberdeen, it goes beyond economic impact. We don’t have a town or an economy at all without Northern grads coming to work for us — whether that’s at a local restaurant in town or owning and managing a business. Thirty-four percent of my company’s employees have a degree from Northern. That’s pretty impressive.” Matt Campbell, President and CEO, MyPlace Hotels All Universities State and Local Tax Impacts (FY 19) 517 245 212 974 Source: SDBOR with analysis by Parker Philips, Inc. DIRECT INDIRECT INDUCED TOTAL $95,413,490 $41,018,437 $32,090,113 $168,522,040 $1,117,578 $997,729 $1,453,999 $3,569,306 EMPLOYMENT JOBS ECONOMIC OUTPUT STATE & LOCAL TAX IMPACT Transformative Research in South Dakota South Dakota relies upon higher education to provide training and skills for the next wave of discovery in the state. Through cutting-edge healthcare, cybersecurity, and environmental research, as well as driving innovation fueled by the demands of South Dakota’s agricultural industry, the public higher education sector is reimagining the state’s future while enriching its traditional industries. In FY 19, the universities expended $106 million on research-related activities, with $95.4 million being expended in the state. The impact of research totaled $168.5 million, supported 974 jobs, and generated $3.6 million in state and local taxes. With over $86 million brought into South Dakota from outside of the state, research represents a net new influx of dollars to the economy. Research commercialization from the South Dakota School of Mines & Technology, South Dakota State University, and the University of South Dakota for FY17 through FY21 is shown in the table below. $86.2 MILLION IN FEDERAL AWARDS INCLUDES $17.1 MILLION FROM THE NIH AND $16.2 MILLION FROM NSF. $6.8 MILLION IN OTHER AWARDS $17.4 MILLION IN STATE AWARDS $3.2 MILLION IN PRIVATE AWARDS Research Commercialization Activity FY 17 FY 18 FY 19 FY 20 FY 21 PATENTS ISSUED LICENSE AGREEMENTS SIGNED LICENSE AGREEMENTS SIGNED WITH STARTUPS INVENTION DISCLOSURES COMING FROM RESEARCH PATENTS FILED 25 26 17 17 21 11 14 7 16 9 9 12 5 6 9 6 3 1 3 5 77 44 38 39 34 Source: SDBOR 31 A case in point is the South Dakota Mines’ Entrepreneur-in-Residence (EIR) program, which provides experienced mentors to coach university business start-ups. EIR’s proven track record of success is well-known. As evidence of the success of the program, South Dakota Mines’ start-ups have won the South Dakota Governor’s Giant Vision Competition in three out of the past four years. In 2021, EIR lists nearly 30 local business leaders serving as mentors with expertise ranging from building and growing start-ups to healthcare management, digital strategy development, marketing, supply chains, and software and product development. Craig Arnold is one of those EIR mentors. Arnold’s leadership experience spans more than 30 years, including technology start-ups, biotechnology, and biofuels, as well as leadership positions in philanthropy, computer technology, and the aerospace industry. Case Study: PREPARING SOUTH DAKOTA FOR A FUTURE YET TO BE IMAGINED According to Arnold, EIR gives future entrepreneurs “the opportunity to sit with a bunch of us old-timers and tell us a story about their great idea. And we can help them figure out how to launch — how to turn that idea into a new venture. Students need to know what they are paying all this money for and how to get their return on investment. The EIR program helps make sure they get that return.” Craig Arnold, South Dakota Entrepreneur South Dakota’s future is bright. With a wealth of talent and a bedrock foundation of agriculture, the state is strengthening those economic sectors and fueling the growth of emerging economic drivers with the new discoveries, innovation, abundant talent, and entrepreneurial excellence that South Dakota’s state university system provides. South Dakota university faculty and researchers have received more than $17 million in federal NSF and NIH grants in 2019 and been granted 17 patents for their cutting-edge ideas and inventions. 32 Conclusion South Dakota’s public higher education institutions are essential to the state’s success from a workforce perspective. With the South Dakota Board of Regents at the helm, the system is adapting to the changing demographic, financial, and workforce needs of the state. Each university is an integral part of the higher education delivery system in South Dakota – they are vital to their individual communities and to the students they serve. There is little doubt that these universities understand how to best serve the needs of their students and the people of South Dakota. The impact of these institutions goes beyond economics – they are a part of the social fabric of the state. Staff and Faculty Charitable Giving $2,493,042Student Charitable Giving $1,285,870Total Charitable Giving $3,778,912Staff and Faculty Volunteerism Hours 67,291Student Volunteerism Hours 482,590Total Volunteerism Hours 549,881Value of Staff and Faculty Volunteerism Hours $1,585,386Value of Student Volunteerism Hours $11,369,811Total Value of Volunteerism Hours $12,955,197Grand Total $16,734,109 33 Appendix A: Terms & Definitions Study Year Dollar Year Total Economic Output/ Economic Impact Direct Economic Impact Indirect Economic Impact Induced Economic Impact Multiplier Effect Government Revenue/ State and Local Tax Impact Direct Employment Indirect Employment Induced Employment FY 2019 Presented in 2019 dollars Includes organizational spending on operations, capital expenditures, labor income expenditures, and value added to the economy as a result of expenditures made by an organization. It is the combined impact of direct, indirect, and induced impacts. All direct expenditures made by an organization due to its operating expenditures. These include operating expenditures, capital expenditures, and pay and benefits expenditures. The indirect impact includes the impact of local industries buying goods and services from other local industries. The cycle of spending works its way backward through the supply chain until all money is spent outside of the local economy, either through imports or by payments to value added (multiplier effect). The response by an economy to an initial change (direct effect) that occurs through re-spending of income received by a component of value added. IMPLAN’s default multiplier recognizes that labor income (employee compensation and proprietor income components of value added) is not lost to the regional economy. This money is recirculated through household spending patterns causing further local economic activity (multiplier effect). The multiplier effect is the additional economic impact created as a result of the organization’s direct economic impact. Local companies that provide goods and services to an organization increase their purchasing by creating a multiplier (indirect/supply-chain impacts). Household spending generated by employees of the organization and the organization’s suppliers create a third wave of multiplier impact (induced/household-spending impacts). Government revenue or tax revenue that is collected by governmental units at the state and local levels in addition to those paid directly by an organization. This impact includes taxes paid directly by the organization itself, employees of the organization, and vendors who sell products to the organization and at the household level. Total number of employees, both full-time and part-time, at the organization based on total jobs, not FTEs. Additional jobs created as a result of an organization’s economic impact. Local companies or vendors that provide goods and services to an organization increase their number of employees as purchasing increases, thus creating an employment multiplier. Additional jobs created as a result of household spending by employees of an organization and the employees of vendors. This is another wave of the employment multiplier. 34 Source: Parker Philips using IMPLAN with data from SDBOR 35 Appendix B: State & County Impacts Economic Employment Local & Tax Impact State Clay County $478.9 million 3,368 jobs $18.7 million $287.3 million 2,021 jobs $11.2 million Impact of University of South Dakota Economic Employment Local & Tax Impact State Brown County $180.7 million 1,008 jobs $6.8 million $108.4 million 605 jobs $4.1 million Impact of Northern State University Impact of South Dakota State University Economic Employment Local & Tax Impact State Brookings County $936.3 million 4,848 jobs $31.6 million $561.8 million 2,909 jobs $19.0 million Economic Employment Local & Tax Impact State Lake County $137.4 million 908 jobs $5.7 million $82.4 million 545 jobs $3.4 million Impact of Dakota State University Impact of Black Hills State University Economic Employment Local & Tax Impact State Lawrence County $135.9 million 1,019 jobs $5.0 million $81.5 million 611 jobs $2.9 million Impact of South Dakota School of Mines and Technology Economic Employment Local & Tax Impact State Pennington County $131.4 million 916 jobs $4.3 million $78.9 million 550 jobs $1.3 million 36 Appendix C: Data & Methods Data used to complete the contribution analysis was provided by the South Dakota Board of Regents and the university. Data supplied included operating expenditures, capital spending, pay and benefits, and total employees. Primary and secondary data was used to complete the input-output models in IMPLAN. The study approach and economic-impact findings are a conservative estimate of impact and are based on actual financial information. The study is a snapshot of the economic impact of the university. OVERVIEW AND THE IMPLAN MODEL The most common and widely accepted methodology for measuring the economic impacts of economic sectors is input-output (I-O) analysis. At its core, an I-O analysis is a table that records the flow of resources to and from companies/organizations and individuals within a region at a given time. For a specified region such as a state of the nation, the input-output table accounts for all dollar flows among different sectors of the economy in a given period. With this information, a model can then follow how a dollar added into one sector is spent and re-spent in other sectors of the economy, generating outgoing ripples of subsequent economic activity. This chain of economic activity generated by one event is called the “economic multiplier” effect. The primary tool used in the performance of this study is the I-O model and dataset developed and maintained by IMPLAN Group LLC (formerly Minnesota IMPLAN Group Inc.). IMPLAN is a widely accepted and used software model first developed by the U.S. Forest Service in 1972. Data used in the baseline IMPLAN model and data set come largely from federal-government databases. The input-output tables themselves come from the Bureau of Economic Analysis. Much of the annual data on labor, wages, final demand, and other market data comes from the Bureau of Labor Statistics, the U.S. Census Bureau, and other government sources. Government agencies, companies, and researchers use IMPLAN to estimate the economic activities associated with spending in a particular industry or on a particular project. The IMPLAN model extends conventional I-O modeling to include the economic relationships among government, industry, and household sectors, allowing IMPLAN to model transfer payments such as taxes. Producers of goods and services must secure labor, raw materials, and other services to produce their product. The resources transferred to the owners of that labor or those raw materials and services are then spent to secure additional goods and services or inputs to the products they sell. For example, an organization in a region may develop a company that produces tractors with a value of $1 million. However, to produce that product, they may be required to spend $500,000 in wages and benefits, $200,000 to suppliers of tractor parts, $100,000 for electricity, $50,000 for transportation of goods and raw materials to and from the plant, and $50,000 in various professional services associated with operating a business (e.g., attorneys and accountants). The suppliers will, in turn, spend those resources on labor and raw materials necessary to produce tractors. Workers and the owners of the company will buy goods and services from other firms in the area (e.g., restaurants and gas stations) and pay taxes. The suppliers, employees, and owners of this second tier will, in turn, spend those resources on other goods and services whether within the study region or elsewhere. The cycle continues until all of the money leaves the region. 37 IMPLAN METHODOLOGY The model uses national production functions for over 536 industries to determine how an industry spends its operating receipts to produce its commodities. These production functions are derived from U.S. Census Bureau data. IMPLAN couples the national production functions with a variety of county-level economic data to determine the impacts at a state and congressional-district level. IMPLAN collects data from a variety of economic data sources to generate average output, employment, and productivity for each industry in a given county. IMPLAN combines this data to generate a series of economic multipliers for the study area. The multiplier measures the amount of total economic activity generated by a specific industry’s spending an additional dollar in the study area. Based on these multipliers, IMPLAN generates a series of tables to show the economic event’s direct, indirect, and induced impacts to gross receipts, or output, within each of the model’s more than 536 industries. The model calculates three types of effects: direct, indirect, and induced. The economic impact of BHSU is the sum of these three effects. CONSIDERATIONS CONCERNING IMPLAN There are three important points about the use of IMPLAN (or any other input-output model): It is a fixed-price model. The model assumes that changes in consumption are not limited by capacity and do not affect prices. This assumption does not cause a problem for the analysis presented here because we are taking a snapshot of South Dakota in a specific year. As in many studies using this type of model, the direct impacts are not calculated by the model; they are a reflection of actual spending levels and patterns created by South Dakota. Changing the level of direct spending allows us to calculate the magnitude of the indirect and induced effects associated with the initial level of spending. Because the model continues to calculate additional spending until all of the money leaves the region (i.e., “leakage”), the larger and more economically diverse the region, the longer it will take for spending to leave the region and the larger the impact is likely to be. For example, employees of South Dakota may spend some amount of their income on buying a car. If there are no car manufacturers in their state or county, this spending will leave the region and the multiplier effect will stop. At the national level, some portion of that same spending by that same individual may go to a national auto producer. That spending would lead to more spending at the national level than would be captured by a more regional model. The national impact will be larger than the sum in the individual states, and the individual state impact will be larger than the sum of the impacts in its congressional districts. 38 Appendix D: FAQ’s WHAT IS AN ECONOMIC-CONTRIBUTION ANALYSIS? Technically, this study is a contribution analysis. The study quantifies the economic contribution of the university in terms of economic impact, jobs, and local and state tax revenue. The study calculates how spending by employees, visitors, and students contributes to the economy of South Dakota and beyond. It examines how expenditures create additional impact in the economy directly and through the multiplier. For the purposes of this study, an economic contribution is defined as the gross changes in South Dakota’s existing economy that can be attributed to the universities. Contribution analysis is a descriptive analysis that tracks gross economic activity: how spending by the university and its constituencies cycles dollars through the economy. The university’s economic-contribution analysis does not consider how spending at this university may crowd out spending at another college or university within the state. This type of analysis is one of the most common that is performed and is often mislabeled as an economic-impact study. Please note that while the terms used to express the contribution of South Dakota to the statewide economy are referred to as economic impact, this is a contribution analysis. Spending by students, staff, and faculty who are explicitly participating in activities associated with South Dakota’s output represents a “stemming-from effect” and could also be considered a direct effect of the higher-education industry. For example, a student who attends classes and spends $10 on lunch at a local restaurant is a stemming-from effect of the university. This contribution analysis then follows the direct economic activity and associated stemming-from effects through the economy, with the output of each sector broken down and attributed to expenditures on intermediate inputs or to value-added components such as labor, taxes, and returns to capital. Output multipliers, which are sector- and region-specific, are derived from the appropriate model and relate an industry’s economic activity (or changes in the industry’s economic activity) to gross sales in the other sectors of the regional economy. The contribution analysis does not account for the fact that if a student attending class were a local resident, then the $10 they spent on lunch potentially represents $10 they are not spending at another restaurant elsewhere in town. The direct effect in a contribution analysis includes purchases by students from in and out of state and is neither a measure of changes to the state’s economic base nor a measure of the value added to the region above what was paid to input suppliers. WHAT SHOULD YOU REMEMBER ABOUT THE STUDY WHEN YOU READ IT? • It is a point-in-time calculation of impact for FY 19. • It quantifies the amount of impact that the universities produce each year. • The economic numbers can fluctuate from year to year based on operational spending, capital spending, pay and benefits, number of employees, number of students, and state appropriation. • This is an economic-contribution analysis that casts a broader net to calculate impact than an economic-impact study. • These are conservative numbers and adhere to industry-respected protocols. 39 WHAT METHODOLOGY WAS USED TO COMPLETE THIS STUDY? IMPLAN data and software were used to conduct this economic-contribution analysis. The IMPLAN database is built using county, state, ZIP code, and federal economic statistics that are specialized by region, not estimated from national averages, to measure the contribution or impact of an organization’s economic activity. WHAT WERE THE MULTIPLIERS FOR THIS STUDY? The multipliers used in this study range from 1.8 to 2.1. The multipliers are derived through the input-output models created using the IMPLAN software based upon industries selected during the modeling process. WHAT DATA DOES THIS STUDY USE TO CALCULTE THE ECONOMIC IMPACT? Primary data used in this analysis is for FY 19 and was obtained from the South Dakota Board of Regents and the university. Data addresses the following subjects: • Operating expenditures. • Capital expenditures. • Pay and benefits by employee type. • Number and types of students (all in-state and out-of-state students included). • Athletics. • Volunteerism. • Charitable giving. • Alumni data. Secondary data was used to estimate the following: • Student spending habits based on the universities’ budgets for spending (full- and part-time undergraduate and graduate students, excluding tuition and fees). • Visitor numbers and visitor spending habits (day and overnight visitors). WHAT ARE THE COMMUNITY-BENEFIT IMPACTS BASED UPON? Charitable-giving impacts are based upon assumptions found in the U.S. Census donor data. These models do not assume a 100% participation rate for staff, faculty, and students and are not based on averages. Some colleges and universities had primary data available on volunteerism, and in those cases actual hours were used in the calculation. For the purposes of this study, it is assumed that 24.9% of staff and faculty donate an average of $2,064 annually and 14.9% of students donate an average of $250 each year. Volunteer impacts are based upon assumptions found in the U.S. Census, and the value of a volunteer hour was obtained from the Points of Light Foundation and is estimated at $23.56 per hour. WHY DID THE SDBOR COMMISSION A STUDY? The SDBOR commissioned the analysis to quantify the impact of all six public higher education institutions in its system. SDBOR and the university have a number of helpful tools to explain the value proposition for supporting higher education; this independent study is one way to help explain its worth. In trying to explain the value of South Dakota public higher education to internal and external constituents, it is important to quantify the workforce and economic gains realized throughout the state. There are many ways to view the impact and value of a university and university system — economic impact is one. WHY DOES THIS STUDY LOOK DIFFERENT FROM OTHERS WE HAVE SEEN PUBLISHED? The veracity of the data and methodology are consistent with industry-standard protocols for conducting an effective economic-impact study that is conservative. The data is an independent assessment of the university’s contribution to the overall economy — the numbers drive the message, not the other way around. The report is designed to make the data analysis accessible to all readers. 40 Get in touch now South Dakota BOARD of REGENTS 306 E Capitol Ave Suite 200 Pierre, SD 57501 605.773.3455 info@SDBOR.edu SOUTH DAKOTA STATE UNIVERSITY FY2019 ECONOMIC IMPACT BROOKINGS LEADER ROUNDTABLE JANUARY 2022 SOUTH DAKOTA STATE UNIVERSITY ECONOMIC IMPACT OVERVIEW ▪Estimated economic impact increased 22% from 2010 to 2019 to $936 million ▪SDSU student spending added an estimated $78.5 million in economic impact in FY19 ▪SDSU research activities added an estimate $104.5 million in economic impact in FY19 ▪SDSU generated a total of $31,584,827 in state and county taxes in FY19 ▪Estimated direct economic impact of all in-state alumni is $100.8 billion 766.2 963 936 2010 2016 2019 ECONOMIC IMPACT (MILLIONS) SOUTH DAKOTA STATE UNIVERSITY ECONOMIC IMPACT OVERVIEW DETAIL ▪SDSU has increased it’s economic impact by $170 million. Demonstrating a total increase of 22% over 9 years. •2010 and 2016 studies: REMI model, USD •2019: IMPLAN model, Parker Philips ▪Total economic impact: $936.3 million •Direct: $577.5 million •Indirect: $167.2 million •Induced: $191.6 million ▪Operations: $836.4 million ▪Student spending: $78.5 million ▪Visitor spending: $21.5 million ▪FY19 State General Fund budget: $68.4 million 766.2 963 936 2010 2016 2019 ECONOMIC IMPACT (MILLIONS) ECONOMIC IMPACT HIGHLIGHTSSTUDENT IMPACT •Overall economic impact of SDSU in terms of numbers of students was $81,537. •Actual student spending outside of SDSU operations added an estimated $78.5 million impact. •Another unpublished study estimated that 100 student increase adds $2.6 million value and $3.6 million in product sales. •Average off-campus direct spend per student was $8,860 annually. Total Economic Impact Results per 100 Students Impact Type Empl. Labor Income Value Added Sales Direct Effect 27 $ 1,598,709 $ 1,778,294 $ 2,101,449 Indirect Effect 1 $ 60,667 $ 103,553 $ 230,210 Induced Effect 8 $ 384,036 $ 671,958 $ 1,224,872 Total Effect 36 $ 2,043,412 $ 2,553,805 $ 3,556,531 ECONOMIC IMPACT HIGHLIGHTS:RESEARCH –NEW KNOWLEDGE AND INNOVATION •By partnering with private industries, such as PBI, SDSU creates economic value through innovation. •SDSU had 23 invention disclosures, 10 parents filed, 1 patent issued, and 2 license agreements signed during FY 19. SDSU Public-private Research and Development Opportunities•In FY19 $67.6 million was directly expended in research at SDSU across the state •Grants and contracts expenditures: $46.8 million •Internal and in-kind expenditures: $20.8 million •Economic impact of expenditures: •$104.5 million in economic impact, $59 million direct, remainder indirect and induced •603 jobs supported •Economic impact of knowledge and innovation •127 invention disclosures –FY17 –FY21 •12 patents issued •25 license agreements ECONOMIC IMPACT HIGHLIGHTS:RESEARCH –NEW KNOWLEDGE AND INNOVATION •EXAMPLE: Prairie AquaTech •$2.5 million state funds for research •$20 million additional research funds secured •Bioprocessing technology invented •License to Prairie AquaTech •Production scaled •$100 million investments •60 employees •Global sales SOUTH DAKOTA STATE UNIVERSITY ECONOMIC IMPACT OVERVIEW: STATE AND LOCAL TAXES ▪SDSU generated a total of $31,584,827 in state and county taxes in FY19. ▪Includes effects of students,employees,and related constituencies. ▪Direct generation:$17.4 million ▪Indirect generation: $5.4 million ▪Induced generation:$8.8 million ▪By jurisdiction… •State: $15.7 million •County and sub-county:$15.9 million SOUTH DAKOTA STATE UNIVERSITY ECONOMIC IMPACT: ALUMNI ▪Alumni embody the net transfer of knowledge created and disseminated into the skill sets and personal qualities of people ▪2,600 students received degrees in 2019 ▪36,664 alumni (52%) live and work in South Dakota ▪Impact of cumulative average earnings over an estimated 40-year career: •$100.8 billion earnings •$4.5 billion tax impact •670,964 jobs supported SOURCES •South Dakota State University: GETS IT DONE, Parker Philips Inc., (2021) •Economic Impact of South Dakota State University Enrollment Decline, Decision Innovation Solutions, (2020) •The Economic Impact of South Dakota's Public Universities, South Dakota Board of Regents, (2016 -2017) •The Economic Impact of South Dakota's Public Universities, South Dakota Board of Regents, (2009 -2010) •Analyzing the Economic Impact of Transportation Projects using RIMS II, IMPLAN, and REMI, Lynch Tim, (2000) •Economic Impact of South Dakota State University Enrollment Decline, Decision Innovation Solutions (unpublished report, March 2020).