• Companion bill 2026-323

Finance Committee · 2026-05-19 · agenda_item

The City of Jacksonville's Finance Committee is reviewing a proposed change to the FY 25/26 HOME grant budget. This amendment would increase administrative expenses and decrease funding for the Downpayment Assistance program. The adjustment is based on available funds from the FY 22/23 budget, which will now support the Downpayment Assistance program. This change aims to bring the City's administrative budget for the FY 25/26 HOME program up to the maximum allowed 10%. This item is currently pending review by the committee. The work involved would focus on budget reallocation and administrative adjustments, with potential phases including financial analysis, budget amendment processing, and program adjustments. Local contractors, suppliers, and service providers in financial services, administrative support, and government contracting could find opportunities. Early engagement before final decisions may offer advantages in understanding the scope and potential needs.

FY 25/26

25/26

FY 22/23

22/23

10%

10 %