Affordable Housing
HOPE Makes Affordable Housing Solutions Available to Thousands of Deep South Families.
In a region that has the highest poverty rates in the county and a severe lack of quality affordable housing, HOPE is working to change the landscape.
Since 1994, HOPE has financed the development of affordable housing throughout the Deep South region, with a particular expertise in providing financing for smaller Low Income Housing Tax Credit developments.
- Between 2019 and 2023, HOPE has provided more than $124 million in debt capital to financie more than 2,500 affordable housing units.
- According to the National Low Income Housing Coalition, Alabama, Arkansas, Louisiana, Mississippi, and Tennessee have a combined shortage of more than 430,000 housing units that are affordable to extremely low-income individuals.
- Twenty-eight percent of homeowners and 51% of renters pay more than 30% of their income for housing expenses.
For more information contact:
Phil Eide, Senior Vice President
Community and Economic Development
601-944-4148