Home » NEWS » MHC awards $8M in Housing Tax Credits

MHC awards $8M in Housing Tax Credits

ACROSS MISSISSIPPI — The Mississippi Home Corporation (MHC) has awarded over $8 million in Housing Tax Credits (HTC) to developers for the construction and rehabilitation of 589 units statewide.

The MHC said the developments will create over 500 jobs, which will provide $12.89 million in constructions wages and produce $67.78 million in related spending in their communities.

Housing tax credits are awarded on a competitive basis. This year, MHC received 33 applications for over $17 million in credits. Applications are selected based on a number of scoring items such as amenities for tenants, environmentally friendly building methods and for providing community services.

Investment in the housing tax credit program provides various types of housing, from single family lease-purchase, to rehabilitation of older housing, to new multi-family developments.

Developments funded with tax credits from the 2010 cycle are located in Jackson, Natchez, Columbus, New Augusta, Hattiesburg, Laurel and Starkville.

A full list of developments and applicants can be found at MHC’s website, www.mshomecorp.com.


… 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

About Wally Northway

Leave a Reply

Your email address will not be published. Required fields are marked *