Revolving Fund; establish within the Mississippi Home Corporation.

SB 2768 would establish a $1 million "First-Time Homebuyers Home Upgrade Revolving Fund" administered by Mississippi’s Home Corporation to provide short-term loans for repairs to single-family rental homes. The fund would help first-time homeowners (prioritizing income-qualified buyers) cover costs like roof, plumbing, or HVAC repairs, enabling them to sell homes as owner-occupied properties after upgrades. Loans would be limited to six months with below-market interest rates, require contractor quotes and a six-month real estate listing, and cap loan amounts based on local median income. The bill died in committee on February 3, 2026, and would have operated as a pilot program starting July 1, 2026.