Press Releases
June 5th, 2014
HOPE, Habitat Partnership to Build 41 Homes Announcement Kicks off Celebration of NeighborWorks Week MOSS POINT – Forty-one new homes will be created thanks to a partnership between the Hope Enterprise Corporation (HOPE) and Habitat for Humanity of the Mississippi Gulf Coast. HOPE used $5 million in New Markets Tax Credits, a program managed by the U.S. Treasury CDFI Fund, to support the project. Capital One purchased the federal tax credits, which provided financial resources to purchase materials and to cover other costs associated with the building of the high-quality energy efficient homes.
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June 3rd, 2014
MOSS POINT – Please join the Hope Enterprise Corporation (HOPE) and Habitat for Humanity of the Mississippi Gulf Coast (Habitat) to announce a $5 million initiative that will build 41 homes for lowand moderate-income families. The announcement will be made in conjunction with Neighborworks Week where NeighborWorks America and its network of organizations come together to celebrate successful partnerships that bring about neighborhood change.
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March 26th, 2014
Through the U.S. Treasury’s New Markets Tax Credit Program (NMTC), Hope Enterprise Corporation (HOPE), Trustmark National Bank, Southern Community Capital, LLC (a subsidiary of Trustmark National Bank), Community Hospitality Healthcare Services, LLC (CHHS), and U.S. Bank have collaborated to finance the construction of a new health care facility in Southwest Mississippi owned and operated by Field Memorial Community Hospital. In addition to the NMTC investment, Trustmark and HOPE partnered to provide a loan to the new $21 million Hospital. The new 60,476 square foot facility will house sixteen acute/sub-acute beds, one “flex bed” to be used for inpatient rehab services, an operating room, and four emergency department beds. It will also include a dozen clinical exam rooms. In total, the project will retain 132 permanent jobs, create 150 construction jobs, and provide high-quality health care to an estimated 13,000 patients per year. Notably, the hospital is located in a community where four out of ten families live in poverty.
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March 14th, 2014
Through the U.S. Treasury’s New Markets Tax Credit Program (NMTC), Hope Enterprise Corporation (HOPE), Trustmark National Bank, Southern Community Capital, LLC (a subsidiary of Trustmark National Bank), Community Hospitality Healthcare Services, LLC (CHHS), and U.S. Bank have collaborated to finance the construction of a new health care facility in Southwest Mississippi owned and operated by Field Memorial Community Hospital. In addition to the NMTC investment, Trustmark and HOPE partnered to provide a loan to the new $21 million Hospital. The new 60,476 square foot facility will house sixteen acute/sub-acute beds, one “flex bed” to be used for inpatient rehab services, an operating room, and four emergency department beds. It will also include a dozen clinical exam rooms. In total, the project will retain 132 permanent jobs, create 150 construction jobs, and provide high quality health care to an estimated 13,000 patients per year. Notably, the hospital is located in a community where four out of ten families live in poverty.
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February 24th, 2014
America Saves Week, February 24 – March 1, 2014, is an annual effort to promote good savings behavior and a chance for individuals to assess their own saving status. Through partners like HOPE, millions of individuals learn the importance of saving. The credit union understands the critical need to encourage more Americans to build wealth, not debt. We are showing our commitment to helping others save as a participating organization in America Saves Week.
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December 18th, 2013
Special Tax Credit Program Funding Supports Education, Community Infrastructure New Orleans, LA – HOPE (Hope Enterprise Corporation/Hope Credit Union) has provided $6 million in New Markets Tax Credit allocation to McDonogh 42 Elementary School for a complete renovation of the historic facility. Located in Treme, the renovated school will provide a high-quality facility for up to 550 PreK-8 grade students, support 50 permanent jobs, and create 200 construction jobs. The renovated school will contribute to the revitalization of the neighborhood, where currently 37.2% of families are living in poverty and 13.7% are unemployed.
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December 18th, 2013
Special Tax Credit Program Funding Supports Education, Community Infrastructure New Orleans, LA – HOPE (Hope Enterprise Corporation/Hope Credit Union) has provided $6 million in New Markets Tax Credit allocation to McDonogh 42 Elementary School for a complete renovation of the historic facility. Located in Treme, the renovated school will provide a high-quality facility for up to 550 PreK-8 grade students, support 50 permanent jobs, and create 200 construction jobs. The renovated school will contribute to the revitalization of the neighborhood, where currently 37.2% of families are living in poverty and 13.7% are unemployed. Built in 1925, McDonogh 42 has continuously operated as an elementary school and was only briefly unoccupied after Hurricane Katrina. However, the facility has been deteriorating due to lack of investment. The NMTC funding will allow for the full renovation of the historic structure, transforming it into a 21st-century school building. The renovations will help the school meet its goal to prepare students for college and to challenge and support each student to achieve his or her highest potential.
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December 17th, 2013
Unique Professional Development Program ‘by CDFIs for CDFIs’ to Advance Opportunity Finance Expertise Across the U.S. Opportunity Finance Network (OFN) and the Citi Foundation today announced the selection of 50 Community Development Financial Institution (CDFI) professionals to take part in the Citi Leadership Program for Opportunity Finance. Mary Elizabeth Evans and Dee Jones are two of the professionals selected for this program. The 10-month course begins in January. Vice President of Community and Economic Development Mary Elizabeth Evans and Program Officer and Dee Jones at HOPE (Hope Enterprise Corporation/Hope Credit Union) were chosen from more than 120 applicants nationwide. The selections reflect the diversity of CDFIs and the low-income, low-wealth, and other disadvantaged communities they serve. HOPE’s mission is to strengthen communities, build assets, and improve lives in economically distressed areas across the Mid South. HOPE has 19 offices in Arkansas, Louisiana, Mississippi, and Tennessee.
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December 17th, 2013
Unique Professional Development Program ‘by CDFIs for CDFIs’ to Advance Opportunity Finance Expertise Across the U.S. Opportunity Finance Network (OFN) and the Citi Foundation today announced the selection of 50 Community Development Financial Institution (CDFI) professionals to take part in the Citi Leadership Program for Opportunity Finance. Mary Elizabeth Evans and Dee Jones are two of the professionals selected for this program. The 10-month course begins in January. Vice President of Community and Economic Development Mary Elizabeth Evans and Program Officer and Dee Jones at HOPE (Hope Enterprise Corporation/Hope Credit Union) were chosen from more than 120 applicants nationwide. The selections reflect the diversity of CDFIs and the low-income, low-wealth, and other disadvantaged communities they serve. HOPE’s mission is to strengthen communities, build assets, and improve lives in economically distressed areas across the Mid South. HOPE has 19 offices in Arkansas, Louisiana, Mississippi, and Tennessee.
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November 20th, 2013
Program Funding Supports Job Creation, Economic Development Nashville, AR – HOPE (Hope Enterprise Corporation/Hope Credit Union) has committed $8,000,000 in New Markets Tax Credit allocation to Husqvarna Group’s Nashville manufacturing facility for new plating and honing equipment for their hand-held lawn tool engine assembly. The funding will be used to purchase new machinery, which will bring the plating and honing process in-house and will be more efficient and environmentally friendly than commonly-used methods. The new plating and honing line will create 22 new jobs at the 1,200 employee facility. Husqvarna Group operations in Nashville support more than 800 additional jobs in Southwest Arkansas.
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