JSU selling surplus properties to nearby homeowners

News

JACKSON, Miss. (AP) — Jackson State University is selling surplus properties that it owns to nearby homeowners.

The university says in a news release that 49 of the 134 properties had been sold by last week, generally for $100 to $1,000. One went for $1.

Mississippi enacted a law this year allowing JSU to sell the properties. The state College Board also authorized JSU to work with a community development corporation, Midtown Partners Inc., to sell the properties.

Heather Wilcox, director of community engagement, said JSU sold most of the properties at about 10% of their market value.

Potential buyers must be homeowners who live within one-quarter mile (0.4 kilometers) of the property they want to buy.

All properties will return tax rolls and will generate revenue for the city of Jackson.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories