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 · 2026-05-26 · agenda_item

The City of Jacksonville City Council has approved an ordinance that reallocates $181,840.50 in annual federal funding. This funding was previously for administrative costs and will now support a Downpayment Assistance Program. This program is intended to help individuals with downpayments. The approval means the program is moving forward. This project will involve the administration and distribution of these funds to eligible program participants. It may also involve outreach and educational components for potential homebuyers. Local businesses involved in financial services, housing counseling, and potentially administrative support could find opportunities. Engaging early is advantageous as the program details and operational plans are finalized.

funding reallocation

181840.50 USD