summary
Introduced
01/16/2026
01/16/2026
In Committee
01/16/2026
01/16/2026
Crossed Over
Passed
Dead
02/03/2026
02/03/2026
Introduced Session
2026 Regular Session
Bill Summary
An Act To Provide That The Department Of Finance And Administration Shall Develop The Hometown Heroes Home Loan Guaranty Program To Provide Loan Guaranties On Behalf Of Certain Firefighters, Law Enforcement Officers, Nurses And Teachers For The Purpose Of Assisting Such Individuals In Obtaining Conventional Financing For The Purchase Of Residential Property That Is To Be The Primary Home And Residence Of Such An Individual And For Which The Individual Certifies To The Department That He Or She Intends To File An Application For Homestead Exemption Under The State Homestead Exemption Law; To Create The Hometown Heroes Home Loan Guaranty Fund As A Special Fund In The State Treasury, Which Shall Be Administered By The Department For The Purpose Of Providing Loan Guaranties Under This Act; And For Related Purposes.
AI Summary
This bill establishes the Hometown Heroes Home Loan Guaranty Program, which will be developed and administered by the Department of Finance and Administration to provide loan guarantees for eligible individuals, defined as firefighters, law enforcement officers, registered nurses, and teachers who have been continuously employed in one or a combination of these roles for at least four years. The program aims to help these "Hometown Heroes" secure conventional financing to purchase a home that will be their primary residence, provided they certify their intent to apply for a homestead exemption, which is a state law allowing homeowners to reduce their property taxes on their primary residence. To fund these loan guarantees, a special fund called the Hometown Heroes Home Loan Guaranty Fund will be created in the State Treasury, consisting of legislative appropriations and other designated funds, with any interest earned also remaining in the fund. The Department of Finance and Administration will have the authority to create necessary rules and regulations to implement and manage this program.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Died In Committee (on 02/03/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0901.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/HB/0900-0999/HB0901IN.htm |
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