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)

Finance Committee · 2026-05-19 · agenda_item

The City of Jacksonville Finance Committee has approved an ordinance that reallocates $181,840.50 in federal grant funding. This funding was previously for downpayment assistance and will now be used for administrative costs related to the Annual Federal Home Investment Partnership Program. This item has been approved by the Finance Committee and City Council, moving it past the initial review stages. The project involves the administrative management and reallocation of grant funds, which may lead to related administrative support services. Local businesses providing administrative, financial, or consulting services could find opportunities as this funding is put to use. Engaging early is advantageous as the specific allocation and use of these administrative funds are finalized.

funding reallocation

181840.50 $