Mississippi Commits Portion of LIHTC Authority to OZ Allocation Cycle
The Mississippi Home Corporation will commit 12.5 percent of the state’s low-income housing tax credit (LIHTC) authority for 2018, 2019, 2020 and 2021 to applicants in an opportunity zones (OZ) special allocation cycle. Applicants in the special cycle must propose a development in an OZ. The maximum LIHTC award is $10 million. Applications will be accepted in June and awards will be announced Oct. 9.