Already dire lack of affordable housing for low-income Mississippians on verge of worsening ...Middle East

In Mississippi, where there’s already a dearth of 50,000 or more affordable homes for extremely low-income residents, that number could grow in the next five years. Housing units available under the federal Low Income Tax Credit program could lose their affordability by 2030 –a number estimated nationwide to be 350,000 with 2,917 in Mississippi, alone; 496 in the state already have. The federal program responsible for most of the nation’s affordable housing is expiring. The Low Income Housing Tax Credit, introduced as part of the Tax Reform Act of 1986, provides for developers to buy, build and restore low-income housing units. Under the deal, the housing only needs to stay low-re

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Already dire lack of affordable housing for low-income Mississippians on verge of worsening ...Middle East

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