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MS HB1075

Bill

Status

Failed

3/11/2026

Primary Sponsor

Carl Mickens

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • 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

  • 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

  • Permits housing authorities and their affiliated entities participating in mixed-finance projects to form self-insurance pooling arrangements to manage liability and insurance risks

  • Allows two or more housing authorities to jointly cooperate on mixed-finance projects for financing, planning, construction, and operation purposes

  • 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

Committee Referrals

Housing2/19/2026
Banking and Financial Services1/16/2026

Full Bill Text

No bill text available