JACKSON, Miss.–Hope Enterprise Corp. and its affiliate Hope Credit Union will receive a $50-million New Markets Tax Credit allocation to invest in projects that benefit economically distressed communities across the Mid South.
The allocation — HOPE’s fourth — comes from the U.S. Treasury Department’s Community Development Financial Institution Fund.
Projects previously financed with allocations to HOPE include a rural hospital in one of the poorest counties in the U.S., a charter school facility and a rural manufacturer that has previously been looking at moving jobs overseas, according to the organizations.
In a statement HOPE said its tax credit allocations have created or retained 3,000 jobs and facilitated access to quality healthcare for more than 100,000 patients.