Jacksonville property buyers having a hard time to scrape together a deposit– and designers attempting to fund budget friendly tasks– might quickly get a considerable increase from City Hall.
City board member Michael Carlucci submitted a flooring modification to the city’s 2026– 2027 spending plan that would reroute $4,900,000 from the general public Safety Contingency into the Affordable Housing Special Revenue Fund–$1,500,000 for downpayment help, $2,400,000 for capital stack moneying to assist close funding spaces on cost effective jobs, and $1,000,000 to cover energy tap costs for achievable real estate advancements.
A smaller sized completing proposition
City board member Randy Holder submitted a competing change amounting to $2,126,185, structured the exact same method however at lower quantities: $650,995 for downpayment help, $1,041,385 for capital stack financing, and $433,865 for energy tap costs.
The filing notes the 2 as completing modifications– just one can pass. Both pull financing from the non-union part of the city’s Public Safety Contingency.
The useful distinction is considerable: the Carlucci variation would put more than two times as much into downpayment help ($1,500,000 vs. $650,995) and capital stack financing ($2,400,000 vs. $1,041,385) in the FY 2026– 2027 budget plan.
Expulsion assistance likewise on the table
Independently, Council member Johnson submitted a modification to send out $500,000 to the United Way Eviction Diversion Program, drawn from the Amendment Three Contingency. That modification is not taking on either real estate proposition and might pass together with whichever variation is embraced.
Information on all the changes remain in the complete flooring change filing on the city’s public notifications repository.
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