Low-Income Housing Tax Credits & Opportunity Housing in Mississippi, 2017-2018

The 2017-2018 Mississippi Qualified Allocation Plan (QAP) prioritizes allocating tax credits to high opportunity communities, which are areas of a certain employment rate, income, and other factors. The QAP also incentivizes developments in areas with access to resources and community services.

Opportunity

Developments located in a high opportunity area will be eligible for the discretionary 130% basis boost.

10 points are available for projects in a High Opportunity Area. In identifying opportunity, MHC considers the following:

(a) a combination of the following indicators from the Environmental Systems Research Institute, Inc. (ESRI):

  • Median Household Income >= 70% of MS 2015 Median Household Income
  • Population Growth
  • Median Household Income Growth
  • Unemployment Rate
  • Counties that had more than 500 new hires per quarter in 2014

(b) high‐performing school districts: defined as areas that have a public school district with a “B” or higher rating as listed in the Mississippi Department of Education’s Accountability Results (http://reports.mde.k12.ms.us/report/report2014.aspx).

Points may be awarded to a proposed development with at least two of the following services located within one half mile of the proposed site: grocery store, pharmacy, bank or credit union, hospital or medical clinic

Developments that offer at least one advanced service/class beyond the required services notated in Section 1.5(2) of this QAP will receive two points. Acceptable advanced services/classes are as follows: Mentoring Program for At-Risk Boys and Girls, and reading programs for adults that have difficulty reading or do not know how to read

Contributed By: 
National Housing Trust

Other Items of Interest