Herbert “Chip” Peterson
CMS Management
Corinth, MS

Herbert J. “Chip” Peterson, III owns CMS Management, LLC and CMS Real Estate Development, LLC, both headquartered in Corinth, Mississippi.  With over 15 years of Rural Development (RD) and Low-Income Housing Tax Credit (LIHTC) management experience, the CMS portfolio has expanded to include 65 affordable and subsidized properties in Louisiana, Mississippi and Tennessee, totaling 2,230 units.

Mr. Peterson oversees the physical and financial operations of all properties.  He continually seeks out development opportunities to provide even more people throughout the region with long-term housing options.  The company’s “hands-on” management style is accomplished through a team relationship between onsite staff in all locations and the supervisory staff at the home office.

Mr. Peterson is an active member of the Louisiana Association of Affordable Housing Providers (LAAHP), the Rural Rental Housing Association of Louisiana (RRHA), the Housing Association of Mississippi (HAM) and the Tennessee Association of Affordable Housing (TAAH).

Mr. Peterson has achieved the Housing Credit Certified Professional (HCCP) designation.  He holds a Bachelor of Business Administration from the University of Mississippi.