South Eastern Development Foundation

04/29/2026

Congratulations to SEDF borrower Perch for this honor!

Big news! 🎉
Perch made the Best Brunches in America list from USA Today!!

We’re beyond honored to be included with so many amazing spots nationwide.

For the full list tap here-
https://www.usatoday.com/story/entertainment/dining/2026/04/17/best-brunches-america/89599430007/

Thank you, USA Today 💛

04/23/2026

🏘️ Redevelop Smarter: A Cost-Saving Alternative to Demolition

Before you demo a property, consider a better option. The South Eastern Development Foundation (SEDF), a 501(c)(3) helps property owners donate structures instead of tearing them down, saving money and creating impact.

Why choose this approach?
• 💰 Avoid costly demolition
• ✅ Receive a charitable tax deduction
• ♻️ Reduce landfill waste
• 🤝 Support community reuse

Properties once set for demolition are being relocated and given new life, proving redevelopment can be both smart and sustainable.

📩 Interested in donating a home to SEDF? Contact Lynne Keller Forbes at 605-940-8588.

04/19/2026

Why rent when you can own—or invest? 🏡💡
• Affordable 3‑bed, 2‑bath 1992 mobile home ✅
• Located in Lennox Long Creek Park 🌳
• Updated bathrooms with newer vanities 🚿
• Primary suite with walk‑in tiled shower 🛁
• Brand‑new living room carpet 🧼
• New kitchen vinyl flooring and fridge 🍽️
• Cozy electric fireplace 🔥
• Functional, move‑in‑ready layout ✨
• Separate laundry room with washer & dryer included 🧺
• Rentals allowed – investor friendly 💰
• Low lot rent: $320/month 👍
• Small‑town living in Lennox, SD 🌾
Affordable, updated, and ready to go—schedule your showing today with Lynne Keller Forbes 605-940-8588! 📲

This 1280 square feet Mobile / Manufactured home has 3 bedrooms and 2 bathrooms. It is located at 1001 S Harrison St, Lennox, SD.

04/16/2026

Our sister organization, SECOG, is seeking a talented professional to join its planning team! You can find the Planner I job description on the SECOG website here:

https://www.secog.org/about_us/jobopenings.php

04/15/2026

SEDF is honored to receive a grant from 1st Financial Bank USA in partnership with the Federal Home Loan Bank of Des Moines!

These funds will support our affordable housing initiatives, helping us strengthen communities and create more opportunities for safe, stable housing.🏡

Thank you for investing in our mission and the communities we serve!

04/11/2026

🏡 MOVE-IN READY REMODEL | NEW GARAGE | BASEMENT READY TO FINISH!

This remodeled SEDF home at 1320 N Lincoln checks all the boxes!

Completely remodeled home near downtown Sioux Falls featuring modern updates throughout, a brand-new 22x22 attached garage, and a basement already framed with drywall—ready for your finishing touches and future expansion.

✨ Highlights include:
✔ New kitchen with stainless steel appliances
✔ Updated bathroom with modern finishes
✔ Main floor laundry (washer & dryer included)
✔ New flooring, paint, trim, doors
✔ Updated plumbing, electrical & HVAC
✔ Basement with egress window + walk-in closet already started
✔ New siding, windows, shingles & driveway

📍 Great location near the Denny Sanford Premier Center, All City Elementary, restaurants, downtown, and easy access to I-29.

💡 Perfect opportunity for a first-time homebuyer or anyone wanting a fully updated home with room to grow!

📌 Income restrictions apply, but no asset limits and no owner-occupancy deed restrictions after purchase—home can be sold or rented in the future, including to investors.

📊 Income limits:
1: $62,850 | 2: $71,800 | 3: $80,800 | 4: $89,750 | 5: $96,950 | 6: $104,150 | 7: $111,300 | 8: $118,500

📩 Text Lynne Keller Forbes at 605-940-8588 for details or a private showing! Zillow link in comments.

03/23/2026

03/12/2026

Another project begins!

We just closed on this home, and the SEDF Construction Crew is getting ready to start a major renovation. Our goal is simple: transform this property into a safe, quality home that strengthens our community.

Stay tuned for updates as we bring this house back to life. 🔨🏡

03/02/2026

Join us in celebrating an incredible milestone — the 25th work anniversary of our President, Lynne Keller Forbes!

For 25 years, Lynne’s leadership, vision, and dedication have helped shape our organization’s growth and impact. Her commitment to supporting small businesses and strengthening communities continues to inspire our team every day.

Thank you, Lynne, for your passion, guidance, and the lasting difference you make. Here’s to celebrating this remarkable achievement and the many successes still ahead! 🎉

02/28/2026

🏡 4.875% 30-Year Fixed for Qualified Homebuyers!

The Federal Home Loan Bank of Des Moines is offering a new program for homebuyers earning less than 80% of Median Household Income — with an incredible 4.875% interest rate for 30 years.

Many Sioux Falls lenders are participating, making this a great opportunity for qualified buyers to lock in an affordable rate.

🔗 Learn more here: https://mpf.fhlbdm.com/.../mpf.../mortgage-rate-relief/

🏠 SEDF Homes That Qualify

Governor’s Homes (New Construction)
• 3412 ½ N 10th Ave (3 bed / 2 bath / 2 stall) – $253,600
• 3412 N 10th Ave (3 bed / 2 bath / 2 stall) – $253,600
• 2400 W Bailey (3 bed / 2 bath / 2 stall) – $263,600
• 1303 N Garfield (3 bed / 2 bath / 2 stall) – $258,600

Recycled Homes
• 324 N Nesmith (3 bed / 1 bath / 2 stall) – $255,000
• 1323 N Spring (3 bed / 1 bath / 2 stall) – $265,000

If you’ve been waiting for the right time to buy, this may be it.

📞 Reach out to Lynne Keller Forbes at 605-940-8588 to schedule a showing or learn more.

Beginning March 2, 2026, FHLB Des Moines member Participating Financial Institutions (PFIs) with an active MPF® Traditional Master Commitment (MC) can access Mortgage Rate Relief funds on a first-come, first-served basis with a member limit of $6 Million UPB – subject to overall funding availab...