MS SB2257

Defines "mixed-finance project" as housing developments combining private resources (including low-income housing tax credits) with state or federal funding, developed by housing authorities or affiliated entities

Authorizes Mississippi housing authorities to own, operate, assist, or participate in mixed-finance projects and provide capital assistance, operating assistance, and financing in the form of grants, loans, guaranties, or other investments

Permits housing authorities involved in mixed-finance projects to form self-insurance pooling arrangements under Section 11-46-17 to jointly manage risk, insurance, and reinsurance across participating entities

Extends legal protections and immunities currently provided to housing authority corporations to commissioners, directors, and supervisory employees of entities formed to develop or manage mixed-finance projects

Effective date: July 1, 2026