Disaster Recovery Division
Website Redesign
2791-1
Main Menu: Housing
Landing Page:
The restoration of safe, affordable homes on the Mississippi Gulf Coast remains
a priority for the Disaster Recovery Division. Although the housing crisis that
existed after Katrina has ended, some housing issues still remain. As a result,
there is a continued focus on long-term housing recovery, specifically affordability
needs of lower-income residents.
Sub Menu: Small Rental Program:
Notice Regarding SRAP Round 2 Closing Deadline
MDA opened Round 2 of the Small Rental Assistance Program on October 15,
2008. In order to move Round 2 to closure, MDA has established a closing
deadline. Round 2 applicants must close their Small Rental loans on or before
February 1, 2009. Applicants should make every effort to prepare their properties
for closing and should schedule a closing appointment prior to the deadline. No
closing extensions beyond this date will be permitted, and closing appointments
may be limited. Applicants may schedule their closing appointment by contacting
their program analyst.
Notice For Compliance Website
The following website is for the purpose of confirming compliance with the Small
Rental Assistance Program and the Neighborhood Restoration Project.
Applicants who are participating in these programs may provide information on
this website to fulfill their obligation to provide an annual certified statement of
compliance with the program's terms and conditions. (See Section A.10 of the
Covenants, Loan Agreement and Deed of Trust). Please note that Applicants are
responsible for the responses and information provided on this website.
Click here to access to the Compliance website (this links to: https://mda.hornesa.com/SRAP/)
Notice Regarding Round One Building Permit / Insurance Verification
Deadline
MDA has established a building permit and insurance verification
deadline for participants in Round 1. Applicants in Round 1 must provide copies
of a valid building permit and insurance declaration pages to their program
analyst. MDA must receive this documentation by 5:00 p.m. on December 31,
2009. Applicants should make every effort to work with their local governing
authority and their program analyst to meet this required deadline. No extensions
beyond December 31 will be permitted. Documentation not received by this date
and time will not be processed.
SMALL RENTAL PROGRAM ROUND 2
The Small Rental Property Assistance Program provides loans to owners of
small rental properties on the Mississippi Gulf Coast in order to assure these
property owners provide affordable rental housing in the counties most affected
by Hurricane Katrina. $262,500,000 has been allocated for this program, which
will help in the repair, rehabilitation, and reconstruction of the affordable housing
stock in the areas most impacted by the storm.
Round Two Small Rental Assistance Program Guidebook (file included)
Round Two Policy and Procedure Clarifications (file for this link not included)
Privacy Policy (file for this link not included)
Round One Small Rental Assistance Program Guidebook (file for this link not
included)
Small Rental Partial Action Plan
Partial Action Plan (English) (Spanish) (Vietnamese) (files for these links not
included)
Amendment One - Partial Action Plan (English) (Spanish) (Vietnamese) (files
for these links not included)
Substantial Modification to Amendment One (file for this link not included)
Substantia Modification One to Amendment One : Final Version (file for this link
not included)
Technical Modification (file for this link not included)
Contact Information
Physical Address:
1641 Popps Ferry Road
Building B
Biloxi, Mississippi
39532
Toll Free Phone: 1.866.981.SRAP (7727)
Email: SRAP2@horne-llp.com
Neighborhood Rental Restoration Project
For more information regarding the Neighborhood Rental Restoration Project,
please click the link above. (file for this link not included)
Notice Regarding the Release of Option D Applications with Property Ownership
Before January 14, 2009
On April 22, 2009, MDA transmitted an email and a letter to a select group of
Option D applicants which have not been processed in Round Two of the Small
Rental Assistance Program. This correspondence was directed and
disseminated only to those applicants who owned their property at the time of
application and whose applications are still being processed. The letter does not
apply to any applicant that has been previously notified that they have been
disqualified for any reason. The correspondence also requested that each
applicant send a warranty deed for the SRAP property which evidenced
ownership by the applicant prior to January 14, 2009, together with a copy of the
applicant's 2008 paid ad valorem tax receipt.
For the full notice please click here (file for this link not included)
Notice Regarding Round Two Program Oversubscription
The Mississippi Development Authority announced that
oversubscription
occurred on January 14, 2009, in Harrison, Hancock and
Jackson counties
for Option D applicants. This action was taken because
Round Two of the
Small Rental Assistance Program received almost 6,000
applications
during the open application period. Unfortunately, the Program
does not
have sufficient resources to process and fund each of
these
applications. In an effort to address the oversubscription in the
fairest
manner possible, MDA implemented the oversubscription rules as
stated in the
Guidebook and applicants who did not have ownership of
their property on or
before January 14, 2009, were informed that they
would be disqualified from the
program because of the oversubscription.
For the full notice please click here (file for this link not included)
Notice Regarding Round One Closing Deadline
MDA began accepting applications for Round 1 of the Small Rental Assistance
Program on September 10, 2007. In response, MDA received over 2000
applications. Since that time, MDA has disbursed over $17,000,000 in Round 1
for repaired, replaced and new rental units in Hancock, Harrison, Jackson and
Pearl River Counties. The success of the program is helping to provide
affordable rental housing to low and moderate income individuals and families on
the Mississippi Gulf Coast.
In an effort to conserve resources and move the program to closure, MDA has
established a closing deadline for participants in Round 1. Applicants in Round 1
must close their Small Rental loans on or before the fourth (4th) anniversary of
Hurricane Katrina, August 29, 2009. Applicants should make every effort to
prepare their properties for closing and schedule a closing appointment prior to
the deadline. No closing extensions beyond August 29 will be permitted, and
closing appointments may be limited.
You may schedule a closing appointment by calling 866-369-6302.
Public Comment Period OPEN until August 7, 2009 for Substantial Modification
Two to Amendment One (file for this link not included)
Please click here for Substantial Modification Two to Amendment One (file for
this link not included)
Fraud and Misinformation Warning
Recently, the Mississippi Development Authority was informed that certain
developers, real estate brokers, real estate agents and other parties have been
engaged in a pattern and practice of misinformation regarding the Small Rental
Assistance Program. The Mississippi Development Authority therefore issues the
following warning to all Applicants who wish to participate in the Small Rental
Assistance Program. For more information select Fraud Misinformation (PDF
document). (file for this link not included)
Sub Menu Sub Page: Small Rental Program Action Plan
ACTION PLANS
Small Rental Program
The Small Rental Property Assistance Program provides loans to owners of
small rental properties on the Mississippi Gulf Coast in order to assure these
property owners provide affordable rental housing in the counties most affected
by Hurricane Katrina. $262,500,000 has been allocated for this program, which
will help in the repair, rehabilitation, and reconstruction of the affordable housing
stock in the areas most impacted by the storm.
Status: Public Comment Period CLOSED (Closed May 21, 2007)
Select Small Rental Program to view a pdf file of an application guidebook of the
Small Rental Assistance Program. (same file referenced on Sub Menu Page –
Small Rental Program)
Select Small Rental Program Workshops to view a pdf file of the times and
workshop locations. (file not included)
Applicable Partial Action Plans & Modifications:
Partial Action Plan - Public Comment Version - English - Spanish - Vietnamese
(files for these links not included)
Amendment 1 - Partial Action Plan - Final Version - English - Spanish Vietnamese (files for these links not included)
Modification #1 (Technical) - Acceptable Usage of Funds and Multiple Program
Options for Round 2 (file for this link not included)
Status: Public Comment Period OPEN until August 7, 2009
Substantial Modification 2 to Amendment 1- Public Comment Version - English Spanish - Vietnamese (files for these links not included)