HATTIESBURG, Miss. —
Federal Home Loan Bank of Dallas (FHLB Dallas) and BankPlus are pleased to announce they have awarded a $147,000 Affordable Housing Program (AHP) grant to the University of Southern Mississippi Institute for Disability Studies (IDS) to support its Home of Your Own (HOYO) program.
The grant will provide 11 very low- and three low-income homebuyers with $10,000 in down payment and closing cost assistance, and $500 in pre-purchase homebuyer counseling. The AHP grant will allow HOYO to target special needs households, rural communities, and homebuyers who are purchasing foreclosed properties in specific areas.
“IDS is thankful for this partnership with FHLB Dallas and BankPlus,” said Cassie Hicks, coordinator for housing initiatives at IDS. “The AHP grant allows IDS the opportunity to assist more eligible households across the state, especially in rural communities.”
IDS has utilized AHP funding since 1996 to assist special needs families across multiple Mississippi counties. AHP grants are available through FHLB Dallas member institutions, such as BankPlus, to assist in the development of affordable, owner-occupied, and rental housing for very low- to moderate-income households located across its five-state District of Arkansas, Louisiana, Mississippi, New Mexico, and Texas.
“This is a great opportunity to help special needs households across Mississippi,” said BankPlus First Vice President Mark Ouellette. “IDS is a proven organization and is equipped to effectively reach these households. We look forward to providing additional housing opportunities in conjunction with IDS and FHLB Dallas in the future.”
IDS received two AHP grants during FHLB Dallas’s 2012 funding cycle, which will enable it to assist a total of 28 homebuyers this year.
Each year, FHLB Dallas returns a portion of its profits to support the AHP. This year, FHLB Dallas awarded $7.6 million in AHP grants through its member institutions to 27 housing projects. The state of Mississippi received more than $3.2 million to assist in the creation and/or rehabilitation of 476 housing units throughout the state.
Business
$147,000 Affordable Housing Program Grant to USM
- Business
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- Senators Burks Hill and Smith along with Representative Frierson panelists for Chamber Business Review The Greater Area Picayune Chamber of Commerce held a Legislative Review for the business community, at Char Southern Steakhouse, Monday at 5:30 p.m. Panelists included State Senator District 40 Angela Burks Hill, State Senator District 47 Tony Smith, and State Rep. Herb Frierson of Poplarville. All are Republican. They spoke on the past session and bills they either authored or helped pass which impact local and state businesses.
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Medical Group gives back to community
, Children’s International Medical Group is proud to announce the opening of their pediatric clinic in Picayune.
The clinic is one of many throughout La. and Miss. which brings compassionate care centered around pediatric patients and the community in which they live.
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Charter Bank names Westfall as VP
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Mississippi REALTORS® hold annual REALTOR® Day at the Capitol
On Feb.7, 2013 Pearl River County REALTORS® joined more than 120 Mississippi REALTORS® at the Mississippi State Capitol to take part in REALTOR® Day at the Capitol.
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More than school board needs to be changed: Part 2
Dr. Scott Alsobrooks/Guest Columnist
At quick glance, it is easy to see that the Mississippi economy will only need about 25 percent of its workforce at the bachelor’s level or higher. Most jobs still require only a high school degree, but many well paying jobs will require some sort of 2 year degree or a post high school type credential such as a certificate in welding, carpentry or plumbing. -
HORNE LLP welcomes Picayune native as spring accounting intern
HORNE LLP, one of the top accounting and business advisory firms in the nation, recently welcomed Melissa Pigott of Picayune, Miss., as a spring accounting intern. A total of 26 accounting students were selected for the highly competitive internship program.
Pigott is a student at the University of Southern Mississippi and is completing her internship in assurance services in the Ridgeland, Miss., office location. -
More than school board needs to be changed: Part 1
By Dr. Scott Alsobrooks/Guest Columnist
The Senate Education Committee passed Bill 2141 recently. The bill is championed by local Senator Tony Smith. While the bill would not affect Pearl River Central Schools, it would change the Picayune and Poplarville School Districts from a mix of appointed and elected board members, to all elected. An amendment was put in the bill to require board members to have at least one year of college. - More Business Headlines
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