GULFPORT MS. (WLOX)-- A new tax credit affordable housing apartment complex will soon open in Gulfport. Baywood Place replaces the Baywood apartment units on Switzer Road. To say these are a vast improvement from what was there, would certainly be an understatement. Jesse Billups is with the Mississippi Housing and Development Authority, which is overseeing the work. "These are state of the art units."
Billups told WLOX news. "The complex will have a swimming pool, elevators, a computer center, business center and a media room," Billups added. Since these are tax credit apartments, that means the rental rate will be well below the going market rate. Billups expects these one and two bedroom apartments will rent for somewhere between $350 and $550. The development company, out of Texas, is given a tax incentive to build the complex. In return for the tax break, they are required to rent these units for a reduced rate.
Billups says those who think this is government housing are mistaken. "these are not section 8, it is not government housing in any way," Billups said. The units at Baywood Place, will only be available to those who are elderly or disabled. The complex should open in February of 2009. Billups says more tax credit affordable housing is being built across South Mississippi. For more information on eligibility, you can call 228 831 2992