Jump to Content
ABA: The American Bankers Association
Skip Section Navigation

Affordable Housing Program

The First Bank - Hattiesburg, MS

2022 Community Committment Awards Submission

  • Affordable Housing
  • Asset Size: Medium

It is a primary mission of The First Bancshares, Inc., and its subsidiary bank, The First ('The First' or 'Bank'), to promote community development in the communities we serve through the provision of financial products and services to residents and to businesses located there, and to provide development services in conjunction with our provision of financial products and services. The First became a certified Community Development Financial Institution (CDFI) in September of 2010 and over the past 12 years, have made an investment of over in community development.

The First Bank created the Affordable Housing Program in 2012. There is an in-house effort and an external effort to support the program. Our recent in-house down payment assistance program grant is through a partnership with another CDFI, Renaissance Community Loan Fund (RCLF), and it is for borrowers buying into a low to moderate income (LMI) census tracts or are for those considered LMI by HUD's definitions. Our external effort utilizes the Federal Home Loan Bank (FHLB) of Dallas Community Investment programs to support rehab, new construction, and disaster relief.