NCSPHS AMENDMENT

Rules Committee · 2026-06-15 · agenda_item

The City of Jacksonville is considering a loan to the Jacksonville Housing Authority (JHA) for the demolition and environmental remediation of the Downtown East Apartments. This project is currently under review by the Rules Committee. The proposed loan is for an amount not to exceed $1,000,000, with an estimated cost for demolition and remediation of $683,224. The JHA plans to redevelop the property into 130 units of housing for seniors. This project would involve site clearing, grading, and environmental cleanup. Contractors specializing in demolition, environmental services, and site preparation could find opportunities. Reaching out to the JHA and the City early in the process may provide an advantage before bids and permits are finalized.

loan amount

1,000,000 $

loan term

3 year

interest rate

2 %

estimated cost

683,224 $

previous appropriation

1.5 million

housing units

130 units