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Causes: Homeless & Housing, Housing Development, Construction & Management
Mission: To serve, or provide investment capital for, low-income communities and low-income persons, as defined in section 45d(c) of the internal revenue code of 1986; to seek certification from the united states department of the treasury for the corporation as a qualified community development entity; to apply for such federal tax credits and other benefits available.
Programs: To sub-allocate federal and mississippi new markets tax credit ("nmtc") investment authority to various subsidiary community development entities; sub-allocated $10,000,000 of its federal nmtc allocation to 3 rivers sub-cde 1, llc; sub-allocated $5,000,000 of its federal nmtc allocations to 3 rivers sub-cde 4, llc; sub-allocated $10,000,000 of its mississippi nmtc allocation to 3 rivers sub-cde 1, llc; sub-allocated $6,888,888 of its mississippi nmtc allocation to 3 rivers sub-cde 2, llc; and sub-allocated $10,000,000 of its federal nmtc allocation to 3 rivers sub-cde 3, llc.