City of Jacksonville Neighborhoods, Community Services, Public Health and Safety Committee Agenda 2026-06-01
City finances JHA demolition of Downtown East Apartments
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Description
Jacksonville will extend a three-year, $1 million low-interest loan to the Jacksonville Housing Authority to demolish the Downtown East Apartments and remediate the site. The City is using its commercial paper facility and waiving procurement rules to contract directly with JHA for this project.
Contract Details
Contract Amount
Up to $1,000,000 loan at 2.0% interest for 3 years
Vendor
JACKSONVILLE HOUSING AUTHORITY
Agency
City of Jacksonville, FL
Contract Type
FINANCIAL_SERVICES
Document Date
June 1, 2026
Contract Term
3-year term loan
Renewal Date
2029-06-30
Renewal Info
Three-year loan at 2% interest funded via commercial paper, with direct agreement between the City and JHA; no renewal terms specified.
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pendingcity_council_agenda_of_december_12_2023_brief_summ.pdf
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