PHA portfolio · MS194

Crescent Bend Housing Authority

Meridian and Lauderdale County, MS. One portfolio of converted mixed-finance, the live conversion, and every public-housing development that has not left ACC — locations, properties and coverages together.

Illustrative sample — not client data

12 locations
10 developments
42 properties
18 coverage lines
58 loss records
2 cities

Residential units

962

Insured TIV

$186.4M

Developments

Insurance programs

How the portfolio is split

Units and TIV by conversion status. Unconverted ACC is still the majority of the dwelling portfolio.

Public housing — not converted6 sites · 438 units · $66.3M
RAD pipeline — still ACC1 sites · 72 units · $11.4M
In conversion1 sites · 180 units · $42.6M
Converted RAD / LIHTC2 sites · 272 units · $60.2M

Occupancy

Residential units by use.

Family7 AMPs · 732 · $144.3M
Elderly / disabled2 AMPs · 144 · $22.3M
Scattered sites1 AMPs · 86 · $13.9M

TIV by program

Four programs, one authority.

Authority master$83.6M
Converted RAD project$28.4M
Converted 4% LIHTC$31.8M
Live conversion$42.6M

Locations

Public housing
RAD pipeline
In conversion
Converted
Support

OCOakridge Court
EVEastview Terrace
RBRiverbend Family
PCPinecrest Homes
CLCedar Lane Apartments
WCWestover Courts
HPHighland Park
SWSouthside Walk
MGMagnolia Senior
SCScattered Sites
COCentral Office
YDMaintenance Yard

Live conversion

Oakridge Court

9% LIHTC conversion

180 units · $42.6M TIV · conversion 11/15

Open the Closing Desk

Already converted

Eastview Terrace
RAD PBRA · closed 2022 · 120 units · $28.4M
Riverbend Family
4% LIHTC mixed-finance · 2018 · 152 units · $31.8M

Flood concentration

Zone AE is not one structure. Riverbend has excess flood; Southside and scattered parcels do not.

Authority support

Central Office$2.4M
Maintenance Yard$3.5M

Authority

Executive director: Anita Cole
Employees / fleet: 47 · 42 vehicles
Master renewal: 2026-07-01
County: Lauderdale County, MS

Unconverted public housing

Still ACC, still on the authority master — no investor exhibit, no conversion closing. Replacement cost, flood and CAT still sit with the authority.

Development	AMP	Units	TIV	Flood	Status
Pinecrest Homes PC · Meridian · 1958	AMP-01	96	$14.2M	X	Public housing
Cedar Lane Apartments CL · Meridian · 1964	AMP-02	64	$9.1M	X	Public housing
Westover Courts WC · Meridian · 1972	AMP-04	84	$12.6M	X	Public housing
Highland Park HP · Marion · 1978	AMP-08	48	$6.8M	X	Public housing
Southside Walk SW · Meridian · 1961	AMP-06	72	$11.4M	AE	RAD pipeline
Magnolia Senior MG · Meridian · 1984	AMP-09	60	$9.7M	X	Public housing
Scattered Sites SC · Meridian · 1970	AMP-10	86	$13.9M	Mixed X / AE	Public housing

Losses

Claims by conversion status and by the authority itself, plus the six-year premium history that followed the exposure.

Public housing

$846,100

RAD pipeline

$236,700

In conversion

$226,600

Converted

$333,000

Incurred 2021–26

$2,054,500

Authority losses

2021 premium

$1,018,000

2026 premium

$1,918,000

Most of the portfolio is still traditional ACC public housing on the authority master. Converted mixed-finance and RAD assets sit on separate project programs. Oakridge Court is the live conversion — the next RAD pipeline asset is Southside Walk.