JACKSON — The Mid-South Community Development Corporation has been awarded an $80,000 Affordable Housing Program (AHP) grant from the Federal Home Loan Bank of Dallas through its partner bank, BankPlus.
The funds will be used in the development of the Harmony Estates subdivision in the Georgetown community of Jackson to assist first-time homebuyers and qualified applicants with down payment assistance. Mid-South will develop a subdivision of 51 LEED-certified, Energy Star-rated homes and will be the first certified “green” development of its kind in the state.
Derek Lane, the executive director of Mid-South, said the project is “designed to enhance the overall value of housing stock by offering affordable, energy-efficient, and aesthetically-designed homes.”
The project will represent a nearly $6 million investment for this historic West Jackson neighborhood.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info