Home » Tag Archives: housing

Tag Archives: housing

STATE OF US HOUSING — Goal of owning home still strong, and 8 other housing trends

Housing-Market

Americans still want to own homes — if they can afford to. That’s the finding of a report being released Wednesday by the Harvard University Joint Center for Housing Studies. The pressures of student debt, rising rents and the leftover wreckage from the nearly decade-old housing bust have restrained people’s ability to buy, even though the dream remains alive. The ...

Read More »

Center for Justice suit claims Ridgeland seeks to cleanse SE Ridgeland of minorities

The Van Mark Apartments in Ridgeland.

By TED CARTER The Mississippi Center for Justice, a public interest law organization, has added a 38-page lawsuit to a stack of suits against the City of Ridgeland over a 2014 zoning ordinance that targets multi-family rental complexes. Joined by multi-state private law firm Venable LLP, the Center filed suit Friday in federal court in Jackson alleging that Ridgeland violated the ...

Read More »

Redevelopment underway in Delta of low-income housing

YAZOO CITY — Construction has begun on the redevelopment of Magnolia Crossing, an 86-unit housing development of single-family homes and duplexes for low-income families in Yazoo City. The Federal Home Loan Bank of Dallas (FHLB Dallas) and Bank of Yazoo provided Magnolia Crossing a $460,000 Affordable Housing Program (AHP) grant to assist with the renovations. Each year, FHLB Dallas returns ...

Read More »

Court ruling on Section 42 leaves taxpayers on hook for tax repayments

JACKSON — While some 14 Mississippi counties owe Section 42 housing developers millions in over-charged taxes, Hinds County’s taxpayers are not exposed to such refunds as the tax assessor has levied assessments according to the state law. Tax Assessor Charles Stokes said Hinds County taxpayers can rest assured his office has calculated property taxes appropriately. “It’s the law and we ...

Read More »

Report: State ranks third in U.S. in negative-equity homes

IRVINE, Calif — CoreLogic has released new analysis showing more than 300,000 homes returned to positive equity in the first quarter of 2014, bringing the total number of mortgaged residential properties with equity to more than 43 million. The CoreLogic analysis indicates that approximately 6.3 million homes, or 12.7 percent of all residential properties with a mortgage, were still in ...

Read More »

Ex-Delta housing authority leader's conviction upheld

GREENVILLE — A federal appeals court has upheld the conviction of a former executive director of the South Delta Regional Housing Authority and her 32-month prison sentence. The ruling was issued yesterday by a three-judge panel of the 5th U.S. Circuit Court of Appeals in New Orleans. Ann Jefferson was convicted in 2012 in federal court in Aberdeen of embezzlement, ...

Read More »

Ground broken for apartments serving disabled, homeless veterans

BILOXI — Officials have broken ground on an apartment complex in Biloxi that will serve disabled, homeless veterans. HomePort II, the second phase of a project completed on the same site in December 2012, will have a total of six units to house disabled, homeless veterans. Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and The Peoples ...

Read More »

Average US 30-year mortgage rate slips to 4.28 pct

WASHINGTON — Average U.S. rates on fixed mortgages fell after three weeks of rises, edging closer to historically low levels. Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan declined to 4.28 percent from 4.37 percent last week. The average for the 15-year mortgage fell to 3.32 percent from 3.39 percent. A report released Tuesday ...

Read More »

Supervisors call meeting to discuss Section 42 housing tax dispute

MCCOMB — Pike County supervisors want to meet with owners of Section 42 housing to settle a tax dispute that could cost the county thousands of dollars. Section 42 is housing, low-income apartment complexes whose developers get tax credits for building them. For years counties factored in the tax credits when calculating the apartments’ income for taxation purposes. In 2005, ...

Read More »