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 · 2026-05-12 · 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 be moved from administrative costs to support the Downpayment Assistance Program. The item is currently pending review by the City Council, with a public hearing scheduled for May 12, 2026. This reallocation does not involve new construction or site development but rather a shift in how existing grant funds are used. The primary work set in motion by this decision would involve the administrative and financial management of the Downpayment Assistance Program, potentially including outreach, application processing, and fund disbursement. Local businesses involved in financial services, program administration, and potentially legal services related to grant compliance could see opportunities. Engaging early allows providers to understand the program's needs before specific contracts or service agreements are finalized.

funding reallocation

181840.50 $