Projects
Mississippi Industrial College Homes, 100 Units, Holly Springs MS
Mississippi Industrial College Homes, 100 Units, Holly Springs MS
CURRENTLY UNDER REHABILITATION
  
Class of Project: Straight Acquisition
  
Resident Profile: Family Designation
  
Subsidies: Project Based Section 8 Contract
 
Financing: HUD Neighborhood Stabilization Program (NSP) Award
 
Agency: Mississippi Development Authority (MDA) 

Joint Venture Partner(s): The Wishcamper Companies, Inc. (TWC)

Mississippi Industrial College Homes (MIC Homes) was purchased from the City of Holly Springs after the City purchased the property at a HUD foreclosure sale. At acquisition, the property was in need of several million dollars of repairs. These repairs, along with other property improvements, were funded through a combination of NSP funds and Sponsor equity. The development plan was coordinated with the local political leaders to transform the project into a stable community asset.

MIC Apts Under Rehabilitation

MIC Apts Under Rehabilitation