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Mississippi Agency Publishes Supplement to 2006 QAP

Thursday, March 30, 2006 - 11:45AM

The Mississippi Home Corporation (MHC) last week published a program bulletin to supplement the 2006 qualified allocation plan (QAP). Based on the release of final population figures, Mississippi’s estimated 2007 per capita low-income housing tax credit (LIHTC) authority is $5,550,067. The Gulf Opportunity Zone Act of 2005 provides that Mississippi will have $35,429,094 in additional housing credits annually for calendar years 2006, 2007 and 2008. These credits are required to be allocated to developments located within the state’s 49 GO Zone counties as identified in the 2006 QAP. To date, MHC has committed $11,923,507 of its GO Zone LIHTC authority to fund eligible developments from the 2005 cycle waiting list, expediting the production of affordable housing within those areas. This leaves a 2006 GO Zone LIHTC authority balance of $23,505,587.

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