Disaster Recovery
Tax Credit Gap Funding Plan
MDA intends to implement a Program to provide up to $30 million in CDBG funding to certain owners of affordable housing projects. The Funds are intended to provide an additional source of gap financing for projects receiving affordable housing tax credits from Mississippi Home Corporation, as a result of market-wide repricing of Credits since allocation by MHC. As described in the action plan, the Funds will only be made available to eligible Borrowers in the form of loans from MDA. Grants will not be available under the Program. The action plan is available for public comment through September 12, 2008 at 5pm Central. For additional information select
Tax Credit Gap Funding Plan.
Elevation Grant Program
The Homeowner Elevation Grant Program provides grants of $30,000 to approved applicants of the Homeowner Assistance Program (Phase I and Phase II) in Hancock, Harrison, Jackson, and Pearl River counties. This grant program helps these homeowners defray the cost of elevating their homes to the most recent FEMA elevation requirements.
>>Read moreSmall Rental Program
The Small Rental Property Assistance Program provides loans to owners of small rental properties on the Mississippi Gulf Coast in order to assure these property owners provide affordable rental housing in the counties most affected by Hurricane Katrina. >>Read more
Homeowner Assistance Programs
Phase I
As the process continues to help thousands of Mississippi Gulf Coast families under the Homeowners Assistance Grant Program, the Mississippi Development Authority is pleased to offer this exclusive Web site update. This information will be updated each Wednesday and will give the most current information available on this important initiative. >>Read more
Phase II
As the Phase II verification process begins, the Mississippi Development Authority is pleased to offer this exclusive Web site update. This information will be updated each Wednesday and will give the most current information available on Phase II of the Homeowner Assistance Program. >>Read more
Recovery Action Plans
To assist with the recovery on the Mississippi Gulf Coast, The Mississippi Development Authority has developed several Action Plans that detail the procedures for the administration of funds available in the areas affected by Hurricane Katrina. >>Read more
Long Term Work Force Housing Round 2 Application
In order to identify the most viable approach to provide long term affordable housing in the Gulf Coast Region, the Mississippi Development Authority (MDA) is now inviting proposals from qualified individuals, and non-profit and for profit entities to develop Long Term Workforce Housing Programs. >>Read more