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FOR IMMEDIATE RELEASE
September 9, 2008

 

GOVERNOR BARBOUR: $90 MILLION AWARDED FOR 24 LONG TERM WORKFORCE HOUSING PROJECTS IN HANCOCK, HARRISON, JACKSON COUNTIES

 

JACKSON, Miss. - Under its Long Term Workforce Housing program (LTWH),the Mississippi Development Authority (MDA) is awarding a second round of projects totaling more than $89.5 million, Governor Haley Barbour announced today.

 

“This action will help construct 2,528 low and moderate income homes in our three coastal counties,” Governor Barbour said. “The award recipients represent a cross-section of proposals from non-profit organizations as well as projects specifically designed to serve the elderly and disabled. We’ve also been very deliberate in making sure these projects are spread among Harrison, Hancock and Jackson counties, and that the projects are built near schools and jobs.”


The LTWH initiative empowers individuals, private businesses and non-profit groups to leverage federal disaster recovery grants to construct both single and multi-family homes designed to ensure a healthy stock of worker housing, particularly to support the ongoing Hurricane Katrina recovery.

 

In this round, Hancock, Harrison and Jackson counties will see LTWH projects totaling $16.1 million; $44.4 million and $28.9 million and unit levels of 348, 1,016 and 1,164 respectively.

 

Of the total $89.5 million awarded, single-family and multi-family funding is $53.9 million for 1,437 units and $35.6 million for 1,091 units, respectively.

 

“These grants will greatly accelerate the pace of installation of affordable housing and will meet many previously unmet needs,” Gerald Blessy, Katrina recovery Housing Director said. “We will work with recipients to facilitate rapid implementation.”


Mississippi’s federal Katrina recovery dollars are composed of more than $5.4 billion in Community Development Block Grant (CDBG) funding awarded to the state following Hurricane Katrina. The funds were earmarked by Congress shortly after Katrina’s landfall to restore damaged or destroyed public infrastructure, promote economic recovery, and reclaim and expand the Coast’s housing stock.

 

Combined with the Small Rental, Public Housing and Tax Credit Gap Financing programs, the LTWH initiative is part of a $700 million overall CDBG-funded plan to build 20,000 to 25,000 low and moderate housing units on the Coast, primarily for renters.

 

“The proposals awarded were drawn from a pool of 74 potential projects,” Jon Mabry, Chief Operations Officer of MDA’s Disaster Recovery Division said. “Each of the more than 2,500 planned units will be funded with more than $35,000 in CDBG funds. This innovative public/private partnership represents the best and fastest way to get quality, permanent worker housing built for people who need it, and to make sure those homes are where they need to be.”

 

LONG TERM WORKFORCE HOUSING PROGRAM

ROUND II RECOMMENDATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amount

 

Units

 

Total Funding Available:

$100,000,000

Hancock:

$16,145,115

 

348

 

Total Recommended:

$89,575,198

Harrison:

$44,460,523

 

1,016

 

Units Recommended:

2,528

Jackson:

$28,969,560

 

1,164

 

CDBG per unit:

$35, 433

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Single Family:

$53,933,093

 

1,437

 

 

 

 

 

Multi-Family:

$35,642,105

 

1,091

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Project Name

Developer

County

Type

Amount Recommended

# of Units

 

 

 

 

 

 

 

 

 

Elderly/Disabled

 

 

 

 

 

 

 

Magnolia Senior Apartments

Magnolia Senior, LP

Harrison

Multi-Family

$10,000,000

120

Bay Tower Apartments

Bay Tower Apartments, LP

Jackson

Multi-Family

$1,210,167

76

 

 

 

 

 

Total:

$11,210,167

196

Hancock County

 

 

 

 

 

 

 

Habitat for Humanity Bay-Waveland Area Inc

Habitat for Humanity

Hancock

Single

$4,345,115

97

Bay-Waveland Cottage Cay

Habitat for Humanity

Hancock

Multi-Family

$1,600,000

40

Bayside Park Subdivision

Bayside Park Partners, LLC

Hancock

Single

$5,000,000

125

Villages of Hancock

Flagship United Community Development Corporation

Hancock

Single

$5,200,000

86

 

 

 

 

 

Total:

$16,145,115

348

Nonprofits

 

 

 

 

 

 

 

 

Mercy Housing Scattered Site Homeownership

Mercy Housing & Human Development

Harrison

Single

$3,000,000

40

Workforce Home Sweet Home Rebuilding

International Relief & Development US

Harrison

Single

$2,565,976

40

Holley Street Development Project

East Biloxi coordination, Relief & Redevelopment Agency

Harrison

Single

$2,921,449

40

Bethal Estates

Back Bay Mission, Inc., Nonprofit

Harrison

Combination

$1,898,182

40

Trinity Village

Trinity Village Nonprofit Housing Corp, Nonprofit Development

Jackson

Single

$1,416,744

42

 

 

 

 

 

Total:

$11,802,351

202

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Jackson County

 

 

 

 

 

 

 

Sky Point

Sky Point Apartment, LLC

Jackson

Multi-Family

$4,290,000

66

Hawks Creste Apartments

Hawk's Creste, LLC

Jackson

Multi-Family

$2,350,000

251

Toulon Apartments

KLP Toulon Apartments

Jackson

Multi-Family

$4,273,756

240

Belmont Estates-Phase II

Belmont Subdivision, LLC

Jackson

Single

$3,086,421

49

Savanna Trails

Savannah Pines, LLC

Jackson

Single

$6,020,440

259

Savanna Trails

Savannah Pines, LLC

Jackson

Single

$3,023,960

131

Belmont Estates-Phase I

Belmont Subdivision, LLC

Jackson

Single

$3,298,072

50

 

 

 

 

 

Total:

$26,342,649

1046

Harrison County

 

 

 

 

 

 

 

Turtle Creek Development

Paul Benton

Harrison

Single

$6,588,701

248

Pinnacle at Martner's Village

Pinnacle Development Group, LLC

Harrison

Multi-Family

$7,020,000

108

The Preserve at Fairground Village

South MS Housing Development Corporation

Harrison

Combination

$3,000,000

150

Pass Christian Workforce Housing

Mississippi Workforce Housing, LLC

Harrison

Single

$2,740,000

40

Rushing Farm Place

South MS Housing Development Corporation

Harrison

Single

$3,000,000

150

Main Street

City of Biloxi

Harrison

Single

$1,726,215

40

 

 

 

 

 

Total:

$24,074,916

736