The technical amendment was moved and seconded. Mr. Peterson explained the amendment.

Neighborhoods, Community Services, Public Health and Safety Committee · 2026-06-15 · agenda_item

This item concerns a proposed three-year loan with a two percent interest rate and a balloon payment at the end of the term. The Jacksonville Housing Authority (JHA) would borrow from its line of credit if the City had not extended this opportunity. The loan is planned to be funded from the General Fund. This item is currently under review by the Neighborhoods, Community Services, Public Health and Safety Committee. The work this item sets in motion would involve financial services related to loan origination, management, and repayment. Early engagement with financial institutions and service providers is advised before final loan terms and agreements are settled. Local businesses specializing in financial services and lending could find opportunities.

loan term

3 year

interest rate

2 percent