ORD Reallocating $181,840.50 in Annual Federal Home Investment Partnership Grant Prog Funding from the Downpayment Assistance Prog to Fund Admin Cost (B.T. 26-059) (Smith) (Req of Mayor) (Co-Sponsor CM Clark-Murray)

City Council · 2026-05-26 · agenda_item

The City of Jacksonville has approved an ordinance to reallocate $181,840.50 in Annual Federal Home Investment Partnership Grant Program funding. This funding was moved from the Downpayment Assistance Program to cover administrative costs. The approval process included introductions and readings before the City Council and various committees, with final approval on May 26, 2026. This reallocation means the funds will now be used for administrative purposes rather than direct downpayment assistance. While this item does not involve new construction, it represents a shift in how federal grant funds are utilized within the city's administrative framework. Businesses that provide administrative support services, financial consulting, or grant management oversight may find opportunities related to the administration of these funds. Engaging early with city departments managing these grants could provide insight into potential service needs as the administrative costs are incurred.

funding reallocation

181840.50 $