New Markets Tax Credit Coalition

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Chocktaw Hotel

Investment

  • NMTC Amount: $15,200,002
  • Total Project Cost: $15,200,002

IMPACT

  • 50 FTE jobs
  • 76 construction jobs

Project Description

A new hotel was financed on Choctaw lands to create jobs and economic development after the devastation of Katrina.

MAP

Address: 13240 Highway 16 West, Philadelphia, MS 39350

Census Tract: 28099940100

Other Mississippi Projects

Rehabilitation of four historic buildings into a market-rate apartment community consisting of 55 rental apartment units, 12,906 square feet of ground floor commercial space, and 43 adjacent parking spaces.
NMTC loans were used to finance the acquisition and rehabilitation of a retail shopping center anchored by a Rouse’s Grocery Store in Picayune, MS.

PB Community Impact Fund and BXS Community Fund provided federal New Market Tax Credit allocation and to Lackey Memorial Hospital to finance the construction of a new Medical Arts Complex

Construction of a new, state-of-the-art heavy truck dealership which will offer sales and support for new, used, rental and leased heavy-duty trucks and equipment.