AMENDMENT

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

The City of Jacksonville is considering a loan to the Jacksonville Housing Authority (JHA) for demolition and environmental remediation at the Downtown East Apartments. This project, formerly known as Franklin Arms, involves clearing the site and addressing environmental concerns. The estimated cost for this work is $683,224, with a total loan amount not to exceed $1,000,000. This item is currently pending review by the Neighborhoods, Community Services, Public Health and Safety Committee. The work would involve site clearing, demolition, and environmental cleanup. Following this, JHA plans to redevelop the property into 130 units of senior housing. Contractors specializing in demolition, environmental remediation, site preparation, and potentially utility work could find opportunities. Engaging early, before final plans and permits are set, offers a chance to understand project needs and compete for future work.

loan amount

1,000,000 $

loan term

3 year

interest rate

2 %

estimated cost

683,224 $

previously appropriated funding

1.5 million

housing units

130 units