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.

Environmental Review Documents

To view the Environmental Review Documents select one of the following links.

• Unspecified Site Strategy and Broad Review Memo
• Broad Review Attachments
• Option A Site Specific Checklist
• Option B, C, and D Site Specific Checklist
• Statutory Worksheet with Attachments
• Lead Based Paint - Background and MDA Approach
• Lead Based Paint Site Specific Checklist
• Protect Your Family From Lead in Your Home

Guidebook and Application

• Select Small Rental Program to view a pdf file of an application guidebook of the Small Rental Assistance Program.
  • These updates HUD numbers are to replace the 2007 HUD Income Limits and Rental Rates found on pages 11 and 12 in the Guidebook above. Select 2008 HUD Income Limits and Rental Rates for the updates.
• Select Small Rental Program Application to view a pdf file of the application for the Small Rental Assistance Program.

Frequently Asked Questions

• Updated Frequently Asked Questions

In accordance with Federal Emergency Management Agency (FEMA) policy, the Mississippi Development Authority seeks to inform those rental property owners applying for assistance through the Mississippi Development Authority Small Rental Assistance Program (SRAP) that potential renters receiving housing subsidy assistance through FEMA are considered ineligible for SRAP subsidy under federal regulations prohibiting the awarding of "duplication of benefits."

Until FEMA advises MDA of a policy change that would permit participation in both programs, property owners receiving SRAP Rental Subsidy should note that renting to those receiving FEMA rental subsidy would result in their property being disqualified from current or future participation in the MDA SRAP program. 

Confidentiality Note: The Mississippi Development Authority (MDA) is committed to ensuring complete confidentiality of information for our customers. To this end, the information contained in this e-mail and/or document(s) attached is for the exclusive use by the individual named above and/or their organization and may contain confidential, privileged and non-disclosable information. If you are not the intended recipient, please refrain from reading, photocopying, distributing or otherwise using this e-mail or its contents in any way. If you have received this transmission in error, please notify me immediately.

Should you have any questions, please email them to: smallrental@mississippi.org

All Applicants Must Provide:

• A completed Application for each property
• Consent for Non-Public Information Release form (included in application)
• Copy of warranty deed or other proof of site control - Warranty Deed
• Copy of current mortgage statement (and any of the following if applicable)
  • Sample Pay Off Document
  • Sample Promissory Note
  • Sample Deed of Trust
• Description of any construction/repair work to be performed
• Contractor’s Estimate for Options B,C, and D –
  • Blank Contractor’s Estimate
  • Sample Contractor’s Estimate
• Utility Bills or other documentation to show current access to electricity, water and sewer/septic (as required by local code)

• Personal Financial Statement
  • Blank - Personal Financial Statement
  • Sample - Personal Financial Statement

• Business Plan / Financing and Marketing Plan
  • Blank - Part One
  • Blank - Part Two
  • Blank - Part Three
  • Blank - Part Four
  • Sample - Part One
  • Sample - Part Two
  • Sample - Part Three
  • Sample - Part Four
• Organizational Documents for corporations, LLCs, and partnerships. These are Articles of Incorporation, LLC Agreements, or Partnership Agreements.
• Evidence that the business entity is in good standing to transact business in Mississippi

Blank Documents for Landlords to Use When Renting to Tenants

• Lease Agreement
• Tenant Rental Application
• Tenant Income Certification

Small Rental Partial Action Plan:

• Partial Action Plan - Public Comment Version 
  • (Select Spanish Version or Vietnamese Version)
  • Amendment 1 - Partial Action Plan - Final Version      
    •  (Select Spanish Version or Vietnamese Version)