216 new income-restricted homes expand access to housing for local workforce and families
SIOUX FALLS, SD — April 22, 2026 — DevCo Residential Group, in partnership with its affiliates DevCo Development and DevCo US Construction, celebrated the grand opening of Hidden Valley Stables Apartments, a new 144-unit income-restricted community on the south side of Sioux Falls.
The ribbon-cutting ceremony brought together project partners, stakeholders, and community members to mark a significant milestone, delivering new housing opportunities in one of the region’s fastest-growing areas and representing DevCo’s first development in the Sioux Falls market.
“This development represents more than just new housing; it represents hope, opportunity, and a commitment to providing quality homes for our community,” said Chase Huber, Development Manager at DevCo Development. “It’s a testament to what can be achieved when dedicated partners come together with a shared vision.”
Located in a rapidly expanding corridor of the city, Hidden Valley Stables was designed to meet increasing demand for high-quality, affordable housing while providing residents with convenient access to major employers, retail, dining, and everyday services.
The community includes one-, two-, three-, and four-bedroom apartment homes, supporting a wide range of household sizes and income levels. Amenities such as a playground, fitness center, dog park, and clubhouse contribute to a well-rounded living environment focused on long-term stability and quality of life.
“Expanding access to affordable housing is essential to building stronger, more vibrant communities,” said Katie Astrup, District Manager at U.S. Bank. “These homes provide not just housing, but a foundation for stability, opportunity, and long-term success for residents and for the broader Sioux Falls community.”
The development was made possible through strong collaboration between public and private partners, including financial institutions and local stakeholders who played a critical role in advancing the project.
“The best part about today isn’t the finish line, it’s the beginning,” said Sam Buckingham, President of DevCo US Construction. “This is where people will build their lives, their routines, and their futures, and we’re proud to have played a role in bringing that opportunity to Sioux Falls.”
Hidden Valley Stables reflects DevCo’s continued commitment to expanding access to income-restricted housing in growing markets across the country, while delivering communities that support long-term resident success.
The grand opening celebration included remarks from project stakeholders, guided tours of the community, and an official ribbon-cutting ceremony.
Hidden Valley Stables was developed by DevCo Development, with construction led by DevCo US Construction.
Press Clippings:
New affordable housing option now available in Sioux Falls
###
About DevCo Residential Group
DevCo Residential Group is a real estate development and investment company focused on multifamily communities across the United States. Founded in 1994 and headquartered in Washington State, DevCo and its affiliates develop and own more than 14,000 affordable, workforce, and market-rate apartment homes, with approximately 9,000 apartment units managed internally. DevCo is recognized for delivering high-quality communities built on a foundation of integrity, long-term commitment, and collaborative teamwork. Learn more at https://devcous.com/.