Federal Grant Award Summary

The Department of Housing and Urban Development (HUD), through its Assistant Secretary for Community Planning and Development, awarded Mississippi Home Corporation a Housing Trust Fund (CFDA 14.275) formula grant totaling $3,001,259.36 on February 6, 2026, with a completion date of February 6, 2033. This grant funds the acquisition, construction, and rehabilitation of affordable rental housing units targeting extremely low-income and very low-income households in Mississippi. At minimum, 80 percent of the awarded funds must support rental housing activities, with the remaining allocation available for homeownership assistance (up to 10 percent) and administrative and planning costs (up to 10 percent). Mississippi Home Corporation may provide assistance through grants, equity investments, and interest-bearing or non-interest-bearing loans to expand affordable housing supply.

The program prioritizes rental housing units for households with incomes at or below 30 percent of area median income or the federal poverty line, whichever is greater. Mississippi Home Corporation, the state's primary housing finance agency, will implement these activities in coordination with sub-recipients and track quantifiable outcomes through the HTF National Production Report. All awarded funds must be committed to projects within 24 months and expended within five years. The grantee must submit annual Housing Trust Fund allocation plans to HUD and maintain documentation records for five years beyond the required affordability period.