City of Jacksonville Neighborhoods, Community Services, Public Health and Safety Committee Agenda 2026-06-01
City Lends $1M to JHA for Downtown East Demolition
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Description
Jacksonville will extend a three-year, $1 million loan at 2% interest to the Jacksonville Housing Authority to demolish the Downtown East Apartments and perform onsite environmental cleanup. The financing draws on the City’s commercial paper facility and is exempt from competitive procurement requirements.
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 years
Renewal Info
Three-year loan agreement between City and JHA; any extension or modification would require further Council action.
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AWARDEDCity of Jacksonville Neighborhoods, Community Services, Public Health and Safety Committee Agenda 2026-06-01
APPROVEDcity_of_jacksonville_finance_committee_meeting_min.pdf
APPROVEDcity-of-jacksonville-meeting-minutes-2024-08-26_c74.pdf
pendingcity_council_agenda_of_december_12_2023_brief_summ.pdf
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