MHC News

  Mississippi Home Corporation Launches New Down Payment Assistance Programs Easy8 and Trusty10    Mississippi Home Corporation (MHC) has launched two new down payment assistance programs, Easy8 and Trusty10. With these programs, MHC assists borrowers with homeownership by offering a competitive mortgage rate. Easy8 will provide $8,000 in upfront costs associated with a mortgage purchase …

MHC Launches New Down Payment Assistance Programs: Easy8 & Trusty10 Read More »

Mortgage Revenue Bond Notice  February 20, 2024  This notice serves to inform you that changes will be made to the Mortgage Revenue Bond (MRB) Program and the products that provide the Second Mortgage funds in accordance with the origination agreement section 6 (b) which states that:   Lender shall provide at the Loan closing, the Corporation’s …

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Mississippi Home Corporation Launches DPA14 Program  Mississippi Home Corporation (MHC) is now accepting reservations for the DPA14 program which is a partnership program with the Board of Supervisors in Coahoma, Tunica, and Washington counties.   These counties received funds under the American Rescue Plan Act (ARPA) and have authorized a portion of the funds to create …

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  Date: January 11, 2024 To: Participating Lenders and Servicers From: Single-Family Programs Re: MHC Reservation System Notice   This serves to notify Participating Lenders and Servicers effective January 12, 2024, that MHC will be accepting reservations through the lender portal on all programs 365 days of the year. This will allow lenders to reserve …

Participating Lenders & Servicers: MHC Reservation System Notice Read More »

NOTICE OF MORTGAGE CREDIT CERTIFICATE PROGRAM   The Mississippi Home Corporation (the “Corporation”) announces its Mortgage Credit Certificate Program (the “Program”). Section 25 of the Internal Revenue Code of 1986, as amended (the “Code”) authorizes issuers such as the Corporation to issue Mortgage Credit Certificates (the “Certificates”) in lieu of qualified mortgage bonds.  Certificates entitle …

MCC Legal Notice Read More »

    VIEW ALLOCATION PLAN HUD NOTICE CPD 21-10   The American Rescue Plan Act of 2021 (“ARP”) appropriated $5 billion to communities across the U.S. to provide housing, services, and shelter to individuals experiencing homelessness and other vulnerable populations. These funds were allocated by formula to jurisdictions that qualified for funding through the HOME …

HOME-ARP Allocation Plan – HUD Approved Read More »

PROGRAM BULLETIN #23-2308   TO:                          Developers, Owners and Management Agents representing Housing Tax Credit Developments located in the City of Jackson FROM:                    Karen C. Georgetown, Senior Vice President of Program Compliance DATE:                     August 23, 2023 SUBJECT:                City of Jackson Rental Registration Fee Exemption         In accordance with Chapter 26, Article XII Code of Ordinances …

City of Jackson Rental Registration Fee Exemption: Compliance Program Bulletin #23-2308 Read More »

Mississippi Home Corporation Announces New Household Income Limit for Smart6    Mississippi Home Corporation (MHC) has announced that effective Monday, August 14, 2023, the household income limit for the Smart6 program is $122,000.   The Smart6 Mortgage Program can give you the funds you need to purchase your first home or move up to your next …

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MHC uses an annual Allocation Plan to indicate how it will distribute HTF resources based on the priority housing needs identified in the State’s Consolidated Plan (Con Plan). Mississippi’s HTF Allocation Plan is a component of the State’s Five-Year Consolidated Plan. The Plan identifies the State’s housing priority needs as meeting the needs of low-income …

2023 HTF Allocation Plan Read More »

Mississippi Home Corporation (MHC) Announces 2023-2024 Housing Assistance for Teachers (HAT) Program  Mississippi Home Corporation (MHC) announces the 2023-2024 Housing Assistance for Teachers Program (HAT) and the eligible school districts for qualified teachers in critical teaching shortage areas.  HAT was designed to assist with funding to help teachers buy homes while encouraging them to move …

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