ORD Reallocating $181,840.50 in Annual Federal Home Investment Partnership Grant Prog Funding from Admin Cost to Fund the Downpayment Assistance Prog (B.T. 26-058) (Smith) (Req of Mayor) (Co-Sponsor CM Johnson)

City Council · 2026-04-28 · agenda_item

The City of Jacksonville is reviewing an ordinance to reallocate $181,840.50 in Annual Federal Home Investment Partnership Grant Program funding. This funding is proposed to shift from administrative costs to support a Downpayment Assistance Program. The item is currently pending review and has gone through several readings and committee approvals, with final approval by the City Council on May 26, 2026. This reallocation will fund a program designed to help individuals with downpayments on homes. While this item does not involve new construction, it will likely create opportunities for businesses involved in financial services, program administration, and potentially related support services. Early engagement with city officials or program administrators could provide insight into the program's operational needs and potential service contracts.

funding reallocation

181840.50 dollars