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.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Source: Bryant has offered Glenn McCullough MDA job
- College Board names Glenn Boyce as higher education chief
- TRANSITION AT THE MDA — Is Mississippi better off than it was 3 years ago?
- (WITH VIDEO) Funding secured for Capitol Art Lofts in downtown Jackson
- Deepwater Horizon Five Years Later — Restoring the Mississippi coast starts with a strong foundation
- PHIL HARDWICK: The third grade reading gate, book buddies and school principals
- Chancery Court’s interpretation of ‘public use’ will guide ruling on Westin money
- COMMERCIAL FINANCE 701: Loans disguised as government bonds (BOANs)
- THE SPIN CYCLE — Key results from Pew’s social media survey