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MS HB1075
Bill
Status
3/11/2026
Primary Sponsor
Carl Mickens
Click for details
AI Summary
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Defines "mixed-finance project" as affordable housing developments funded by both private resources (including low-income housing tax credits) and state or federal programs, where housing authorities partner with private entities
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Authorizes Mississippi housing authorities to own, operate, assist, or participate in mixed-finance projects, including providing capital assistance, operating assistance, loans, grants, or guarantees for construction or rehabilitation
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Permits housing authorities and their affiliated entities participating in mixed-finance projects to form self-insurance pooling arrangements to manage liability and insurance risks
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Allows two or more housing authorities to jointly cooperate on mixed-finance projects for financing, planning, construction, and operation purposes
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Extends immunity protections to commissioners, directors, supervisory employees, and agents of housing authorities and their affiliated entities when acting within the scope of their duties on mixed-finance projects, effective July 1, 2026
Legislative Description
Housing Authorities; authorize pooling of liabilities with private developers for affordable housing.
Last Action
Died On Calendar
3/11/2026