Section 538 loans in Mississippi
USDA's public file lists 33 Section 538 guaranteed loans in Mississippi, $59,628,240 in all, financing 1,472 apartments. 32 of them also used housing tax credits. The median loan covered 30% of total development cost.
Lenders on these loans
- BELLWETHER ENTERPRISE REAL ESTATE19
- CHURCHILL MORTGAGE INVESTMENT LLC11
- FIRST SECURITY BANK2
- CENTENNIAL MORTGAGE INC1
Lender names as USDA records them. Open Country is not affiliated with any lender listed.
| Project | Closed | Loan | Loan to cost | Units | 1BR / 2BR / 3BR rent |
|---|---|---|---|---|---|
| Calhoun Communities Calhoun City · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2025 | $5,100,000 | 24% | 70 | $950 / $1,085 / $1,230 |
| Bruce Housing Bruce · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2025 | $3,400,000 | 30% | 40 | - / $1,070 / $1,250 |
| Bradford Manor Apartments Bruce · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2024 | $1,050,000 | 16% | 24 | - / $895 / $1,025 |
| Eastgate Apartments Belzoni · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2024 | $50,000 | 1% | 16 | - / $1,037 / - |
| Eastgate Apartments Belzoni · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2024 | $950,000 | 19% | 16 | - / $1,037 / - |
| Haven Apartments Hermanville · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2024 | $381,000 | 9% | 16 | - / $800 / $920 |
| Southgate Redevelopment Indianola · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2024 | $7,015,313 | 29% | 75 | - / - / $1,042 |
| The Meadows Baldwyn · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2024 | $600,000 | 8% | 24 | - / $833 / $898 |
| The Heights At Clinton Clinton · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2023 | $850,000 | 7% | 48 | $720 / $850 / $950 |
| Richland Gardens Richland · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2023 | $1,916,000 | 16% | 54 | $709 / $838 / - |
| Bayou Estates Greenville · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2021 | $1,389,347 | 45% | 47 | $560 / $615 / $665 |
| Belmont Road Estates Sardis · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2021 | $1,651,300 | 55% | 48 | $573 / $607 / $658 |
| Countryside Apartments Horn Lake · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2021 | $1,818,000 | 48% | 48 | $575 / $610 / - |
| Crenshaw Manor Crenshaw · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2021 | $731,800 | 39% | 24 | $635 / $685 / - |
| Broadmoor Village Yazoo City · Rehab/Repair · BELLWETHER ENTERPRISE REAL ESTATE | 2021 | $1,535,900 | 40% | 48 | $565 / $620 / - |
| Horn Lake Villas Horn Lake · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2021 | $1,835,700 | 50% | 48 | $545 / $600 / $630 |
| Lambert Square Lambert · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2021 | $921,400 | 38% | 32 | $558 / $605 / - |
| Pontotoc Senior Apartments Pontotoc · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2021 | $1,933,500 | 63% | 48 | $582 / $655 / - |
| Ruleville Villas Ruleville · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2021 | $1,270,500 | 48% | 32 | $600 / $655 / - |
| South Park Estates Greenville · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2021 | $1,688,400 | 41% | 48 | $560 / $615 / $665 |
| Yazoo Senior Apartments Yazoo City · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2021 | $1,481,100 | 43% | 49 | $547 / - / - |
| Lone Oak Apartments Laurel · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2019 | $3,227,625 | 29% | 100 | $488 / $558 / $643 |
| Eastgate Rental Homes Cleveland · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2018 | $6,390,000 | 100% | 116 | - / - / $795 |
| Escatawpa Village Apartments Moss Point · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2018 | $1,125,000 | 39% | 31 | $628 / $665 / - |
| Blue Spruce Apartments Picayune · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2018 | $1,530,000 | 43% | 47 | $570 / $600 / $639 |
| Cottonland Village Apartments Tunica · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2018 | $2,950,000 | 39% | 79 | $490 / $630 / $660 |
| Philadelphia Apartments Philadelphia · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2014 | $349,000 | 10% | 40 | - / $565 / - |
| Branch Run Apartments Shuqualak · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2012 | $75,000 | 8% | 12 | - / $495 / - |
| The Woodlands Apartments Noxapater · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2012 | $50,000 | 9% | 8 | - / $425 / - |
| Northcrest Apartments Union · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2012 | $99,905 | 9% | 16 | - / $495 / - |
| Magnolia Apartments Eupora · Rehab/Repair · LIHTC · FIRST SECURITY BANK | 2012 | $352,000 | 15% | 30 | - / $484 / - |
| Peppertree Apartments Grenada · Rehab/Repair · LIHTC · FIRST SECURITY BANK | 2012 | $600,000 | 17% | 48 | - / $443 / - |
| Magnolia Manor At Tupelo Tupelo · New Construction · LIHTC · CENTENNIAL MORTGAGE INC | 2004 | $5,310,450 | 88% | 90 | $650 / $650 / - |