Cal. Civ. Code § 43-33-13
Operation not for profit.
Operative Text
It is hereby declared to be the policy of this state that each housing authority shall manage and operate its housing projects in an efficient manner so as to enable it to fix the rentals for dwelling accommodations at the lowest possible rates consistent with its providing decent, safe and sanitary dwelling accommodations, and that no housing authority shall construct or operate any such project for profit, or as a source of revenue to the city or the county. To this end an authority shall fix the rentals for dwellings in its projects at no higher rates than it shall find to be necessary in order to produce revenues which (together with all other available moneys, revenues, income and receipts of the authority from whatever sources derived) will be sufficient (a) to pay, as the same become due, the principal and interest on the bonds of the authority; (b) to meet the cost of, and to provide for, maintaining and operating the projects (including the cost of any insurance) and the administrative expenses of the authority; and (c) to create (during not less than six (6) years immediately succeeding its issuance of any bonds) a reserve sufficient to meet the largest principal and interest payments which will be due on such bonds in any one year thereafter and to maintain such reserve. History Codes, 1942, § 7301; Laws, 1938, ch. 338, § 7.
Mississippi Code Ann. § 43-33-13 establishes a state policy that public housing authorities must operate their housing projects efficiently and without profit motive. Rents may only be set at levels necessary to cover bond obligations, operating and maintenance costs, insurance, administrative expenses, and a required debt-reserve fund built over at least six years. Neither the city nor the county may use a housing authority project as a source of general revenue.
Plain English — not legal advice.
Under Miss. Code Ann. § 43-33-13, public housing authority administrators are expected to set rents at the lowest rates that still allow the authority to remain financially solvent and meet its statutory obligations. Compliant authorities document that rental rates are calculated to cover bond principal and interest, operating costs, and the mandated reserve fund — and nothing beyond those enumerated purposes. Operators generally maintain transparent financial records demonstrating that no surplus is being generated for the benefit of the city, county, or any private party.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Miss. Code Ann. § 43-33-13 gives public housing residents a basis to understand that their rents are legally capped at what is necessary to keep the housing authority financially operational — not to generate profit or municipal revenue. If a tenant believes a housing authority is charging rents beyond what the statute permits, general enforcement paths include filing a complaint with the relevant housing authority's oversight board or contacting a tenant-rights organization familiar with public housing law. Residents may also reach out to the Mississippi state legislature's oversight bodies or the U.S. Department of Housing and Urban Development, which provides federal oversight of public housing programs.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated October 30, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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