Thursday, January 23, 2014

MISSISSIPPI DEVELOPMENT AUTHORITY HOME PROGRAM

The Mississippi Development Authority has received funding from the U. S. Department of Housing and Urban Development to expand the supply of decent, safe, sanitary and affordable housing. Under this HOME program, the State has set aside approximately $4 million dollars for Homeowner Rehabilitation/Reconstruction. These funds are made available to local units of government throughout the State on a competitive application basis. The City of Louisville has decided to apply for these grant funds, provided eligible households can be identified for the grant.
To qualify as an applicant, the homeowner must have clear title to their house and property and be able to provide a clear deed, in their name for at least one year. The house must be severely deteriorated to the point that it cannot be rehabilitated. The homeowner must be living in the house as their principle residence and provide 12-months consecutive utility bills. The homeowner must also be low income as defined by HUD. Mobile Homes are eligible, but must be replaced with another mobile home. The mobile home owners must provide a bill of sale and either a deed for their property or a long-term lease (at least 20 years).

Applications for this program are available at the City Hall. The deadline for submitting these applications to the City is February 6.

For more information, please contact Mayor Will Hill or Babs Fulton or see the City website by clicking here