HOPE Receives $50 Million Tax Credit Allocation 

HOPE to invest award in most economically distressed Mid South communities

JACKSON, MS – HOPE (Hope Enterprise Corporation and Hope Credit Union) will receive a $50 million New Markets Tax Credit (NMTC) allocation from the U.S. Treasury Department’s Community Development Financial Institution Fund.  HOPE will use the allocation to invest in projects that benefit economically distressed communities across the Mid South.

“These tax credits will help HOPE build on its 22-year track record of improving lives, strengthening communities and building assets in the Delta and in the surrounding states of AR, LA, MS, and TN,high quality” said Bill Bynum, HOPE Chief Executive Officer. “We look forward to investing in projects that improve conditions for underserved people and places.”

The NMTC allocation is HOPE’s fourth. To date, HOPE’s NMTC activity has created or retained 3,000 jobs and facilitated access to high-quality health care for over 100,000 patients.