B. Adopt Resolution 2026-R-42 A RESOLUTION OF THE CITY OF PALATKA, FLORIDA

City Commission Meeting · 2026-04-23 · agenda_item

The Palatka Housing Authority (PHA) has presented a plan called the Resident Investment Vehicle for Economic Resilience (RIVER) Program. This program aims to help residents with credit, finance, homeownership training, and property management over five years. PHA plans to invest $8 million to build new housing units and support residents in becoming long-term property owners. This initiative is currently under review and has received positive feedback from city commissioners. The project is expected to involve site preparation, construction of new housing units, and potentially infrastructure upgrades. Local contractors, suppliers, and service providers should consider reaching out to PHA early to learn more about potential opportunities as plans develop, as this project represents a significant investment in new housing development.

investment

8 million