HB 438 establishes a state-funded program to provide home repair grants for low-income Mississippi homeowners, primarily targeting seniors (62+), disabled residents, and households with incomes under $12,000 (single) or $16,000 (two or more people). The Department of Finance and Administration will administer the program, offering grants up to $25,000 per household for essential repairs, with eligibility requiring primary home ownership, age/disability status, and income limits. Funding will come from up to $50 million in state bonds, with money distributed to congressional districts based on each district's share of the state's low-income population. Unspent funds will remain in a dedicated state account and not roll into the general budget.
SB 2253, the Mississippi Workforce Housing Tax Credit Act, would create a state tax credit against Mississippi income, franchise, or insurance premium tax for investors in workforce housing projects meeting federal housing credit standards (Section 42 of the IRS Code). The credit would be administered by the Mississippi Home Corporation, capped at $4 million annually, and could not exceed federal housing tax credits for a project. Unused credits could be carried forward for five years, and projects must be completed after July 1, 2025. The bill died in committee on February 26, 2025, and was never enacted.
SB 2130 was a procedural bill appropriating $1,000,000 from Mississippi’s General Fund to the City of Canton for public housing redevelopment costs during fiscal year 2026 (July 2025-June 2026). It directly affected the City of Canton by providing state funds to cover expenses related to redeveloping public housing units. The bill died in committee on February 26, 2025, and never became law. This was a straightforward funding measure with no policy changes or new requirements.
SB 3080 appropriates $1,000,000 from Mississippi's General Fund for the Delta Housing Development Corporation to cover costs related to self-help housing projects in the Sarah Coleman subdivision, Bolivar County, for fiscal year 2026 (July 2025-June 2026). It directly affects low-income residents in that specific subdivision by funding housing initiatives where residents contribute labor toward building their homes. The bill establishes a direct state funding mechanism, requiring the State Treasurer to disburse funds upon proper requisitions. The bill was referred to committee in February 2025 but died there without further action.
SB 2091 would authorize Mississippi to issue state bonds to provide funds for the redevelopment of 100 public housing units in Canton. The Canton Housing Authority would receive the bond proceeds to cover costs like renovation and construction of these units. The bonds would be backed by the state's full faith and credit, meaning Mississippi would repay them using general state funds if needed. All money raised would be used exclusively for this housing project, with no other purposes allowed.
HB 431 creates a pilot program providing low-interest loans (1% annual interest) to homeowners in Mississippi's 10 poorest counties, as defined by U.S. Census data. Eligible applicants must have a household income under $30,000 annually, own the property they wish to repair or build on, and have been denied conventional loans in the past year. The program is funded by $3 million in state bonds, repaid through new fees collected when recording property deeds and deeds of trust, which will be deposited into a dedicated sinking fund. The Mississippi Development Authority will administer the program and establish rules for implementation.
HB 576 would create a $1,000 annual income tax credit for Mississippi businesses (like corporations, LLCs, or nonprofits) that provide transitional housing to people recently released from prison for misdemeanor or felony convictions. This credit is specifically for housing individuals who struggle to find stable housing after incarceration while they try to rebuild their lives. The credit is limited to the business’s total annual income tax bill, with unused credits carrying forward for up to five years. The bill defines "transitional housing" as temporary housing supporting those facing housing barriers post-release. (Note: The bill died in committee on February 26, 2025, and did not become law.)
