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Bill > HB1075
MS HB1075
MS HB1075Housing Authorities; authorize pooling of liabilities with private developers for affordable housing.
summary
Introduced
01/16/2026
01/16/2026
In Committee
02/19/2026
02/19/2026
Crossed Over
02/11/2026
02/11/2026
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An Act To Amend Section 43-33-1, Mississippi Code Of 1972, To Amend The Housing Authorities Law By Adding And Defining The Term "mixed-finance Project" To Such Law; To Provide That Mixed-finance Project Means A Project That Is Financially Assisted By Private Resources Which May Include Low Income Housing Tax Credits In Addition To An Amount Provided Under Any State Or Federal Program; To Amend Section 43-33-11, Mississippi Code Of 1972, To Authorize Housing Authorities To Own, Operate, Assist Or Otherwise Participate In One Or More Mixed-finance Projects; To Amend Section 43-33-17, Mississippi Code Of 1972, To Provide That A Certain Self Insurance Agreement May Be Formed When One Or More Housing Authorities Have Formed Partnerships, Limited Liability Companies Or Entities In Which An Authority Or An Entity Affiliated With An Authority Is A General Partner, Managing Member Or Otherwise Participates In The Activities Of The Entity When Undertaking A Mixed-finance Project; To Amend Section 43-33-17, Mississippi Code Of 1972, To Authorize Any Two Or More Housing Authorities To Cooperate When Undertaking A Mixed-finance Project; To Create New Section 43-33-52, Mississippi Code Of 1972, To Provide Certain Immunity To Individual Commissioners, Directors, Supervisory Employees, And Supervisory Agents Of A Housing Authority With Respect To A Mixed-finance Project If Such Individuals While Acting In The Scope Of Their Duties As They Relate To Such Projects; And For Related Purposes.
AI Summary
This bill amends Mississippi's Housing Authorities Law to allow housing authorities to engage in "mixed-finance projects," which are developments that receive funding from private sources, potentially including low-income housing tax credits, in addition to state or federal programs. It clarifies that these mixed-finance projects can be developed by the authority itself, by entities affiliated with the authority where the authority is a general partner or managing member, or by other entities that give the authority certain purchase options. The bill also authorizes housing authorities to cooperate and pool their resources for self-insurance when undertaking these mixed-finance projects, and it grants immunity to individual commissioners, directors, and employees of housing authorities and their affiliated entities for actions taken within the scope of their duties related to these projects, providing them with the same protections as the housing authority corporations themselves.
Committee Categories
Business and Industry, Housing and Urban Affairs
Sponsors (3)
Last Action
DR - TSDP: HO To IN (on 02/25/2026)
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/HB1075.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/HB/1000-1099/HB1075PS.htm |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/HB/1000-1099/HB1075IN.htm |
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