Habitat for Humanity, Gulf Coast Affiliates

New Markets Tax Credit Coalition

Gulfport,
MS
(2009)

Habitat for Humanity, Gulf Coast Affiliates

Affordable Housing, Community, Disaster Recovery, Habitat for Humanity, Housing, Katrina

The Habitat Homes Project provided support to Habitat for Humanity affiliates located in Metro Jackson and in the Mississippi Gulf Coast areas of Mississippi.

Investment

NMTC Amount: $7,500,000
Total Project Cost: $7,500,000

IMPACT

9 FTE jobs
13 construction jobs
Construction of more than 85 affordable homes.

CDEs

National New Markets Fund

Investor

Wells Fargo

Voices from the Community

The NMTC program is a proven and effective resource in bringing needed affordable homeownership opportunities to communities where affordable housing is in short supply.

-Chris Monforton, Habitat for Humanity of the Mississippi Gulf Coast, Inc., Gulfport, MS

The NMTC allows Habitat to continue to do our mission of providing affordable housing and economic stimulus to our community. It also has allowed Habitat to provide needed jobs in our low-income community.

-Collette Poppendieck, CFO, Habitat for Humanity of the Mississippi Gulf Coast, Inc., Gulfport, Mississippi

Project Description

The Habitat Homes Project provided support to Habitat for Humanity (HFH) affiliates located in Metro Jackson and in the Mississippi Gulf Coast areas of Mississippi. These two HFH entities collaborated to build 85+ affordable single-family homes in Hurricane Katrina-impacted communities across Mississippi. Home designs incorporated water and energy-saving elements along with environmental sustainability features to lower owner operational expenses. The homes were built with volunteer labor and sold at affordable rates to low-income families earning 30-80% of the AMI. Home sales were financed with below-market rate mortgages.

MAP

Address: 3505 38th Avenue, Gulfport, MS 39501

Census Tract: 28047000300

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