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)

Finance Committee · 2026-05-05 · agenda_item

The City of Jacksonville Finance Committee is considering an ordinance to reallocate $181,840.50 in Annual Federal Home Investment Partnership Grant Program funding. This funding is proposed to move from administrative costs to support the Downpayment Assistance Program. The item is currently pending review and has gone through several readings and committee approvals, with final approval by the City Council on May 26, 2026. This reallocation is planned to fund a downpayment assistance program, which may involve administrative and program management services. Local businesses specializing in financial services, program administration, and potentially related support services could find opportunities as this program moves forward. Engaging early could provide an advantage before specific program details and service needs are finalized.

funding reallocation

181840.50 dollars