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Council approves resolution to support Fall River Health Services' affordable housing application; developers cite $3M infrastructure estimate
Summary
The council passed a resolution supporting an application to the South Dakota Housing and Development Authority from Fall River Health Services for a single/multifamily development, and staff and applicants described infrastructure costs and next steps including possible TIF and rezoning.
The Hot Springs City Council on May 19 approved Resolution 2025-11, endorsing an application by Fall River Health Services and its affiliates for financial assistance from the South Dakota Housing and Development Authority to support a proposed single/multifamily affordable housing development.
Georgia Holmes and Jeremy Scholtes, representing the applicant group, updated the council on project progress. They said the group has engaged Cullors Consulting and a contractor to work on below-ground infrastructure and site design. Scholtes said the estimated cost to install infrastructure is about $3,000,000 and that development cost per home site is anticipated at roughly $70,000.
“We are not housing developers, but it’s good to connect with people that do that,” Scholtes told the council, describing consultants and engineers assisting with financing and design. The applicants said the grant would primarily fund below-ground infrastructure and that the project team is also exploring tax-increment financing as a local funding tool.
Council discussion clarified that the resolution’s purpose is to support the housing authority application so the project team can pursue grants and other funding. The resolution was amended during the meeting to say the benefit would be for a “single/multifamily” development rather than only single-family housing.
Applicants described next steps: identifying a contractor and engineer, completing infrastructure surveys and focus groups, and determining whether a planned-unit development (PUD) or Residential A zoning will be sought. They said rezoning would be pursued only if the grant and financing strategy advance. The applicants said they hope to know zoning details in 30 to 60 days and that planning commission review and a TIF decision would follow the grant-phase work.
Council members expressed support and noted prior discussions that a TIF could be a likely funding tool if grant awards and project economics warrant it. The motion to approve Resolution 2025-11, as amended, passed by voice vote. No dollar award or binding city fiscal commitment was made at the meeting.
