Changes to a proposal meant to incentivize riverfront residential development on Bay Street Downtown has revived talks among city leaders about the possibility of Jacksonville joining an affordable housing loan fund.
An amendment to legislation filed by Joe Carlucci would set aside $3 million of the bill’s $45 million that could be used a city investment in a Jacksonville Affordable Housing Fund. The fund was launched last year by the Jessie Ball DuPont Fund, the Community Foundation for Northeast Florida and Northern Trust Company to provide gap financing for local affordable housing projects.”
Officials in the mayor’s office and with the Community Foundation said the possible investment came as “a little bit of a surprise,” since council removed $10 million in Mayor Donna Deegan’s 2024-25 city budget proposal meant to be the city’s buy-in to the fund…