Sky Ridge affordable housing lot transfers
Summary
Eight more Sky Ridge lots are being sold to Hills View Homes for new affordable housing, with the lots transferred to the economic development corporation.
At a glance
- Total mentions
- 8
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 8, 2026.
Impact analysis
Property transferred at terms set in the 2025 development agreement; new homes will expand the tax base.
Future homeowners and workforce housing seekers in Spearfish.
City and county property tax bases are deferred within the district for up to 20 years.
Mentions & discussions (9)
City Council - Sep 8, 2026
Eight more Sky Ridge lots are being sold to Hills View Homes for new affordable housing, with the lots transferred to the economic development corporation.
Spearfish affordable housing project 1st to tap new fed funds
Spearfish affordable housing project 1st to tap new fed funds South Dakota News Watch
City Council - Jun 15, 2026
The city sold four more Sky Ridge lots to Hills View Homes for $20,000 each and adopted Resolution 2026-16 (amended from six to four lots) transferring land to the economic development corporation for affordable housing.
Planning Commission - Apr 21, 2026
A new tax increment financing district would help pay for infrastructure for a 98-unit apartment development where rents are capped at 80% of area median income for at least 10 years. The commission's recommendation goes to the City Council, which decides whether to create the district.
City Council - Apr 20, 2026
Sixteen more lots sold to Hills View Homes keeps affordable home construction going in Sky Ridge, with roughly 45-50 lots remaining.
City Council - Apr 15, 2026
The city plans to sell 16 more lots to Hills View Homes through SEDC to keep housing construction moving eastward in Sky Ridge Subdivision, following 12 lots sold last phase.
Planning Commission - Apr 7, 2026
A 98-unit apartment project near St. Onge Road seeks up to about $2 million in TIF reimbursements, with rents capped at 80% of area median income for ten years. A public hearing comes once the plan is finalized.
City Council - Apr 6, 2026
94 affordable rental units from Lloyd Companies, financed with up to $3.2 million in tax increment over up to 20 years, with a 10-year affordability commitment at 80% AMI or below. The school district is made whole through the state aid formula; the city's share of deferred tax is roughly $471,690 and the county's about $676,805.
City Council - Apr 1, 2026
Lloyd Companies wants about $3.2 million in TIF assistance for a 94-unit affordable housing project near Exit 14, with rents capped at 80% of area median income for ten years. The Planning Commission recommended approval 4-1; council could vote Monday. Resident Jeremy Smith questioned whether the project truly meets the blight test and whether the road benefits commercial lots outside the TIF.
Related development
Sky Ridge Subdivision lot sales / Resolution 2026-16
Continues buildout of the affordable housing subdivision; roughly 45-50 lots remain.
Stone Ridge Commons
Adds affordable rentals, connects Paramount and Platinum Drive, and defers city/county property tax in the district while the school district is reimbursed by the state.
Sky Ridge Subdivision Lot Sales to Hills View Homes
More new homes coming to Sky Ridge, with proceeds going back to the city.
The Pines at Elkhorn Ridge TIF District / affordable housing development
Adds 98 rental units with income-based rent caps, a multi-use trail connecting Colorado Boulevard to the St. Onge trail, and new infrastructure — but some residents argue the rents won't be affordable for typical Spearfish incomes.
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