Economic Development

Maintaining an efficient filing system is critical to the administration and monitoring of your program. A successful monitoring experience hinges on the quality with which the Recipient maintains its filing system and the ease of obtaining information from those files. A. When e…

The close-out process encompasses a series of activities to verify that DIP Funds have been properly spent and that the applicant has completed the elements of its program in a timely and acceptable manner. A. The grant recipient must submit all financial, performance, and other …

At project completion, the MDA-CSD representative will contact the grant recipient to determine a date for the close-out monitoring visit. All monitoring findings must be resolved before the close-out can be finalized. Notes 6 Miss. Code. R. 4-4.22 Miss. Code Ann. § 57-61-36 (Rev…

A. Upon being awarded a DIP grant, a binding contract is executed between the Mississippi Development Authority and the grant recipient for the specific amount awarded, job commitment, and for the particular activity being improved with DIP funds. B. Construction may not begin an…

All grant recipients (applicants) and benefitting businesses entering into contracts with the Mississippi Development Authority represents and warrants that it will ensure compliance with the Mississippi Employment Protection Act and will register and participate in the status ve…

These guidelines may be amended by MDA at any time. MDA, in its discretion, may temporarily waive any requirement of the guidelines to the extent that the result of such waiver is to promote the public purpose of the Act and is not prohibited by State law. Notes 6 Miss. Code. R. …

Once an application has been received, a CSD Program Manager will contact the grant administrator and local unit of government to schedule a site visit. During the site visit, CSD staff will review the following: A. Resolution authorizing the application submittal in the minute b…

For more information regarding file maintenance and monitoring requirements you may contact: A. Mississippi Development Authority Community Services Division ATTN: Sara Doss Post Office Box 849 Jackson, Mississippi 39205 Telephone: (601) 359-3179 Fax: (601) 359-3108 Notes 6 Miss.…

Eligible projects financed with DIP must be publicly owned. All contracts and purchases shall be made in accordance with normal bid and purchase laws of a municipality or county. Eligible projects include, but are not limited to: A. Drainage Improvements B. Energy facilities (pow…

Eligible projects should benefit the following types of industries: A. Manufacturing and processing B. Large distribution facility C. Service support to agriculture, aquaculture, and mariculture D. Service support to manufacturing and processing E. Telecommunications and data pro…

The application must include the following: A. A detailed description of the project and narrative explaining how the specific improvements will affect economic development and/or job creation in the area, together with supporting documentation. B. Engineering/Architects Report: …

A. Mississippi Development Infrastructure Program funds may not be used for working capital, gaming enterprises, general expenditures, which would normally be covered under a local sponsor's general operation budget, or for administrative expenses. B. A limited amount of funds ma…

Any applicant seeking funding should contact an MDA project manager with the EIB Division for an in-state company or the Global Division. After the initial evaluation, should the manager determine the project meets MDA standards, they will contact the Community Services Division …

The process used for evaluating, selecting, and funding Pre-Applications and Applications is based on the following: A. Eligibility B. Project readiness C. Company's financial condition D. After the review of your Pre-Application, MDA may issue a letter inviting a DIP application…

The program intent is to stimulate growth and economic development in the State. The maximum amount, which may be awarded to any one local sponsor, will be whichever amount of the following is less: $15,000 per job or a maximum of $500,000 total grant amount . A. DIP projects sho…

In order to assure support of community leaders, a resolution by the city governing authority endorsing the local retirement recruitment effort is required. Notes 6 Miss. Code. R. 4-5.1 Miss. Code Ann. § 57-64-1 etseq. (Rev. 2008).

The Hometown Mississippi Retirement Program manager and a member of the Hometown Mississippi Retirement Program Advisory Committee will meet with the local program director to ascertain the nature of difficulties resulting in non-compliance status and to assist the director in th…

At the end of the probationary period, failure to be in compliance with the certification requirements will result in the termination of Hometown Mississippi Retirement certification status. Notes 6 Miss. Code. R. 4-5.11 Miss. Code Ann. § 57-64-1 etseq. (Rev. 2008).

As part of your community's retirement effort, an important aspect of the retiree assimilation process is for newcomers to feel welcome. This can be achieved by a number of methods: A. Newcomer events such as picnics, dances, and golf tournaments; B. Special organizations for in-…

A. Develop a professional portfolio. This book, to be kept in the sponsor's office, is to have short biographies of various professionals for retirees to consult when seeking professional service providers. B. Offering a gift /gift package to visitors and a welcome gift/packet to…

The program must have an official sponsoring organization with a retirement program director who will be accountable to the community and to the state. Examples of sponsoring organizations are chambers of commerce, economic development authorities, tourism development organizatio…

The sponsoring organization must commit a minimum of $20,000 per year for the local program (may include a portion of salary). Notes 6 Miss. Code. R. 4-5.3 Miss. Code Ann. § 57-64-1 etseq. (Rev. 2008).

The community's quality of life will be assessed by, but not limited to, the following: A. Hospital: There must be a hospital within a 30-minute drive of the community and, preferably, closer. B. Adequate Medical Services: Includes emergency services for stabilization and/or C. r…

Each city must have a general Retiree Attraction Committee to ensure the development of the following: A. Community Inventory/Assessment (amenities, shortages) B. Community Relations/Fundraising: The success of this program depends, to a large degree, on the support of churches, …

The sponsor must develop a Community Profile similar to that used by many chambers of commerce. It will include such factors as crime statistics, local tax information, recreational opportunities, and housing availability. Notes 6 Miss. Code. R. 4-5.6 Miss. Code Ann. § 57-64-1 et…

Subsequent to certification the organization must commit to maintaining the following requirements: A. Retiree Attraction Brochure with Reader Response Card B. Establish/maintain nationwide toll free number and website must contain retiree attraction tab with pertinent informatio…

As a Certified Hometown Mississippi Retirement city, each is entitled to have the benefit of assistance from the Mississippi Development Authority/Tourism Division Hometown Mississippi Retirement program in the form of but not limited to presence in the Mississippi Living Guide (…

As a result of the outcome of the annual self-audit, failure to comply with Hometown Mississippi Retirement certification requirements will result in the program being placed on probationary status for a period of six months. Notes 6 Miss. Code. R. 4-5.9 Miss. Code Ann. § 57-64-1…

The Mississippi Single Family Residential Housing Fund (MSFRHF) was created as a revolving fund for the purpose of making loans to any agency, department, institution, instrumentality or political subdivision of the state; or any agency, department, institution or instrumentality…

A. Promote home ownership. B. Provide low cost construction funds for housing production. C. Expand the supply of decent, safe, sanitary, and affordable housing. Notes 6 Miss. Code. R. 4-6.2 House Bill 530, 1999 Regular Session

The total amount of bonds issued to MDA was $5,000,000 less the issuance costs of $10,940.32. Therefore, $4,989,059.68 was available for the purpose of construction financing. Notes 6 Miss. Code. R. 4-6.3 House Bill 530, 1999 Regular Session

The maximum and minimum loan amounts are $750,000 and $100,000, respectively. The loan amounts will be divided according to Participant's Pro Rata Share. MDA, Fannie Mae, and MS Home Corporation (MHC) are considered as Participants under the program. The total funding sources for…

Eligible borrower entities include the following: A. For-profit corporations; B. Nonprofit corporations; C. Cooperatives, D. Public agencies other than the MS Home Corporation, E. General and limited partnerships; F. Limited liability companies, and; G. Sole proprietorships Notes…

MS Home Corporation serves as the Lead Lender that implements the program and is the primary point of contact for all loans funded under MSFRHF. MHC underwrites all loans to meet its credit requirements and other loan conditions, in addition, to Fannie Mae and MDA's guidelines. H…

Fees are charged to cover administrative costs. All allowable fees are the obligation of the borrower. Notes 6 Miss. Code. R. 4-6.7 House Bill 530, 1999 Regular Session

Loans are made to low to moderate-income families. The maximum annual family income shall be equal to or less than 115% of median family income for the county as defined by the Department of Housing and Urban Development or $42,672.00, whichever is less. Notes 6 Miss. Code. R. 4-…

As of July 31, 2005, there are twenty (20) borrowers of MSFRHF funds reporting on file. Presently, a total of $3,127,098.15 has been committed to borrowers. The remaining funds available are 3,222,669.07. A total of sixty-one (61) homes have been constructed. Notes 6 Miss. Code. …

A. Organized Under State/Local Law. An organization must show evidence to MDA either in its charter or articles of incorporation, that it is organized under state or local law. B. Non-Profit Status. A tax exemption ruling from the Internal Revenue Service as evidenced by a 501(c)…

The organization must have demonstrated capacity for carrying out activities assisted with HOME funds, as evidenced by either experience of key staff that has completed similar projects to HOME funded activities or the organization should have contracts with consultants who have …

A. Portfolio. The organization's portfolio of projects and properties should evidence competent management and oversight. B. Previous Performance. The organization should have exhibited competence with any previous CHDO activities. C. Management Capacity. The organization's manag…

MDA reserves the right to determine if the housing development experience and financial stability of the non-profit organization is adequate for certification and if the organization has the capacity to carry out HOME funded activities. Notes 6 Miss. Code. R. 4-7.12 42 USCA § 127…

In order to maintain a current state CFIDO Certification, the CFIDO must submit a complete application for funding through the MDA. The CHDO must be awarded grant funds. The certification period will be effective for the two (2) or three (3) year period of the contract. CHDOs wil…

Activities conducted by CHDOs must be consistent with the state's Consolidated Plan. The Consolidated Plan identifies housing and community development needs in the state's jurisdiction and provides long-term strategy for addressing those needs. The Consolidated Plan indicates th…

A. Complete the CHDO Certification Application, including all requested documentation forms. B. Submit one (1) original and one (1) copy of the entire application. The application should be bound with a binder clip, 3-ring binders or any other forms of binding. C. The application…

A. Strategic Plan. CHDOs and CHDO aspirants are required to submit a comprehensive strategic plan to MDA. In order to be a comprehensive plan, the document submitted must address the following: (i). The mission, goals, and vision of the organization (ii). Whom you will serve (iii…

There are three specific requirements related to the organization's board, which must be evidenced in the organization's by-laws, charter, or articles of incorporation. These are: A. Low Income Representation. At least Ms of the organization's board must be representatives of a l…

A. Board Stability. There should be stability/continuity of board members over the last several years. B. Development Oversight. The Board should have a committee structure or other means of overseeing planning and development. C. Board Skills. The Board members should have profe…