Mississippi Home Corporation

What Mississippi Home Corporation does

Mississippi Home Corporation (MHC) is a public body corporate and politic of the State of Mississippi, designated under the Mississippi Home Corporation Act of 1989 as the state's sole Housing Finance Agency and successor-in-interest to the Mississippi Housing Finance Corporation (1980). The agency administers a portfolio of affordable housing programs spanning first-mortgage products (JustRate, Trusty10, Smart7, Easy8), down payment and homebuyer assistance (Trusty10 Plus 2, Home4All up to $25,000), federal grant programs (HOME Investment Partnerships, Housing Trust Fund, Emergency Solutions Grant, HOPWA), the Low Income Housing Tax Credit (LIHTC) allocation, Mortgage Revenue Bond issuances, and disaster/hardship programs (Hardest Hit Fund, Disaster Recovery). Its customer base covers four segments: low-to-moderate income homebuyers, renters seeking affordable housing and homelessness-prevention services, participating lenders and REALTORS who originate MHC products, and developers building or rehabilitating affordable rental stock.

The business model is programmatic and quasi-governmental rather than commercial. MHC issues tax-exempt Mortgage Revenue Bonds (e.g., proposed Series 2025A up to $150M) to raise private capital, allocates federal pass-through funding administered through state and nonprofit subrecipients, and channels product distribution via a participating lender network and required housing counseling agencies. Revenue derives from bond financing spreads, federal program administrative allocations, and tax credit allocation fees; revenue is not publicly disclosed. GTM is channel-led: sales through participating lenders and REALTORS, homebuyer education through counseling agencies, and developer engagement through LIHTC/HTF/HOME application cycles. A 9-member board (6 gubernatorial, 3 Lt. Governor appointees) oversees the agency, which is headquartered in Jackson, MS and operates with 51-100 employees across all 82 Mississippi counties.

Recent strategic activity (2020-2026) reflects program expansion rather than market disruption: a ~$8M CARES Act-funded RAMP partnership with MUTEH and Continuums of Care (2020), JustRate product launch (January 2025), Trusty 10 Plus 2 partnership with Mississippi REALTORS (June 2026), and Executive Director Scott Spivey's election as NCSHA Board Chair. The agency has no AI/ML capabilities disclosed, no patents, and no commercial software products — its competitive position is anchored in statutory monopoly and statewide distribution rather than technology differentiation.

Name

Mississippi Home Corporation

Legal name

Mississippi Home Corporation

Website

https://mshomecorp.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

51–100 employees

Short description

Mississippi's designated Housing Finance Agency, administering Mortgage Revenue Bond programs, Housing Tax Credit allocations, and federal housing grants (HOME, HTF, ESG, HOPWA) to support affordable homeownership and rental development for low-to-moderate income residents statewide.

Ownership category

akta.pro rank

Product category

Affordable Housing Finance

NAICS

Administration of Housing Programs (925110), Administration of Housing Programs (92511), Mortgage and Nonmortgage Loan Brokers (52231)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

State & Local Housing Finance Agencies (HFAs) (FSALAKAA)

akta.pro secondary industries

Mortgage Revenue Bond (MRB) & Public Housing Bond Programs (FSALAKAG), Affordable Housing / Down Payment Assistance (DPA) Mortgage Origination (FSALAAAM), Down Payment Assistance (DPA) & Homebuyer Subsidy Programs (FSALAKAE), Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF)

Keywords

• Affordable housing finance
• Mortgage revenue bonds
• Down payment assistance
• Low income housing tax credits
• Federal housing grants

Headquarters

HQ city

Jackson

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Federal Grant Administration: MHC administers federal housing programs including HOME Investment Partnerships, National Housing Trust Fund, Emergency Solutions Grant, and HOPWA. These programs distribute federal funds to eligible recipients for affordable housing development, rental assistance, and homelessness prevention services.
2. Mortgage Revenue Bond Program: MHC issues mortgage revenue bonds to finance affordable home loans for qualifying Mississippi homebuyers, offering below-market interest rates through programs like JustRate, Trusty10, Smart7, and Easy8.
3. Housing Tax Credit Program: MHC administers the Low Income Housing Tax Credit program, allocating tax credits to developers for the construction, acquisition, and rehabilitation of affordable rental housing.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Mississippi Home Corporation operates as Mississippi's Housing Finance Agency, issuing Mortgage Revenue Bonds and administering below-market mortgage programs (JustRate, Trusty10, Smart7, Easy8) plus down payment assistance (Home4All up to $25,000, Trusty10 Plus 2 grant). The agency also administers federal housing block grants — HOME Investment Partnerships, Housing Trust Fund, Emergency Solutions Grant, and HOPWA — and allocates Low Income Housing Tax Credits to developers of affordable rental housing, alongside targeted programs such as Hardest Hit Fund mortgage relief and the RAMP rental assistance program.

Product overview

Mississippi Home Corporation operates as Mississippi's Housing Finance Agency, offering mortgage financing programs and federal housing development initiatives. The organization administers multiple first mortgage programs (JustRate, Smart7, Easy8) and down payment assistance products (Trusty10, Trusty10 Plus 2, Home4All) for homebuyers. On the rental and development side, MHC manages federal programs including HOME Investment Partnership, Housing Trust Fund, Emergency Solutions Grant, HOPWA, and Housing Tax Credit programs. Additional offerings include Hardest Hit Fund mortgage assistance, RAMP rental assistance, and Homeowner Rehabilitation funding. These programs collectively address Mississippi's affordable housing needs by financing construction, rehabilitation, and assistance for low and moderate-income households.

Differentiator

Problem solved

Functional benefit

Products and services

• JustRate Mortgage Revenue Bond first mortgage program offering a competitive interest rate (Government 5.49% / Conventional 5.69%) without accompanying down payment assistance, for eligible Mississippi homebuyers. Launched January 14, 2025 as an MRB rate-only option.
• Trusty10 Down payment and closing cost assistance program providing a $10,000 second mortgage to eligible first-time homebuyers (Government 5.99% / Conventional 6.19%) to remove down payment and closing cost barriers to homeownership in Mississippi.

Quantifiable outcome

• Down payment assistance up to $25,000 available through Home4All program
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered flagship and core.

• Mississippi REALTORSflagshipGTM or Marketing Partner · 11 June 2026Partnership announced June 11, 2026 in recognition of Mississippi REALTORS' centennial anniversary. The partnership creates Trusty 10 Plus 2 program providing an additional $2,000 grant to eligible Mississippi homebuyers, supplementing MHC's existing Trusty10 program's $10,000 second mortgage for down payment and closing cost assistance.
• MUTEH, Inc.coreStrategic or Co-development Partner · 25 June 2020MHC partnered with MUTEH, Inc. to administer the RAMP (Rental Assistance for Mississippians Program), a nearly $8 million program funded through CARES Act ESG-COVID for rental assistance to eligible Mississippians.
• Central MS Continuum of CarecoreStrategic or Co-development Partner · 25 June 2020MHC partnered with Central MS Continuum of Care as a subrecipient/administrator for RAMP program providing rental assistance and homelessness prevention services.
• Open Doors Homeless CoalitioncoreStrategic or Co-development Partner · 25 June 2020MHC partnered with Open Doors Homeless Coalition as a subrecipient/administrator for RAMP program providing rental assistance and homelessness prevention services.
• Mississippi Development Authority (MDA)coreStrategic or Co-development PartnerMHC and MDA collaborate on the Annual Action Plan required by HUD, conducting joint public hearings to obtain citizen input on the state's method of distribution for CDBG, ESG, HOME, HOPWA, and Housing Trust Fund programs.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Tennessee Housing Development Agency: Tennessee's state HFA operating a comparable mortgage revenue bond program with DPA components (Great Choice Plus), LIHTC allocation, and federal program administration. A close programmatic peer in a neighboring Southeastern state.
• Texas Department of Housing and Community Affairs: Texas's primary state housing finance agency administering mortgage revenue bonds, LIHTC allocation, and federal housing programs (HOME, HTF, ESG). Directly comparable to MHC as a state HFA delivering the same product set in a different geography, with larger absolute scale.
• Illinois Housing Development Authority: Illinois's state HFA administering MRB-financed mortgages, down payment assistance, LIHTC, and HOME/HTF/ESG federal programs. Closely aligned with MHC in product mix and distribution model via participating lenders and counseling agencies.
• Ohio Housing Finance Agency: Ohio's state HFA providing first-time homebuyer mortgage products, down payment assistance, MRB financing, and federal housing program administration. One of the most direct operational analogues to MHC's MRB-plus-DPA model.
• North Carolina Housing Finance Agency: North Carolina's state housing finance agency operating MRB-funded first mortgage programs with embedded down payment assistance, alongside LIHTC and federal rental development programs. Structurally aligned with MHC's product architecture.
• California Housing Finance Agency (CalHFA): California's state HFA offering MRB-backed first mortgages, multiple down payment assistance layers, LIHTC administration, and federal program pass-through. Comparable to MHC in program scope, though significantly larger in scale.
• Florida Housing Finance Corporation: Florida's state HFA issuing MRBs, administering LIHTC, HOME, and similar federal pass-through programs, and operating down payment assistance programs through participating lenders. Comparable to MHC across nearly identical product and program categories.
• Pennsylvania Housing Finance Agency: Pennsylvania's state HFA issuing mortgage revenue bonds, providing homebuyer assistance (Keystone Home Loan/K-Fund programs), and administering LIHTC and federal housing programs. Direct functional analogue to MHC's program set.
• Virginia Housing (Virginia Housing Development Authority): Virginia's state housing finance agency operating MRB first mortgage products, down payment assistance, and federal program administration. Comparable in mission, product architecture, and participating-lender distribution model.

Others

• National Council of State Housing Agencies (NCSHA): Industry/trade association representing state HFAs nationwide, of which MHC's Executive Director now chairs the board. Included as an ecosystem/peer relationship rather than a competitor; relevant context for understanding MHC's national standing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/MSHomeCorp
• YouTubeyoutube.com/channel/UCKotZKl6VACBFSIGBczdS7A
• Facebookfacebook.com/mshomecorp
• LinkedInlinkedin.com/company/mississippi-home-corporation
• Instagraminstagram.com/mshomecorp

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mississippi Home Corporation