Through the use of public financing, the Authority addresses affordable housing needs in the City of Jacksonville by stimulating the construction and rehabilitation of housing. Through the issuance of its mortgage revenue bonds, it creates low-interest funding opportunities that assist in providing affordable residential housing for low, moderate or middle income citizens throughout the city.
2011 Budget:
In 2011, the administrative budget for the Authority is $535,535. In addition, the Authority receives approximately $39 million in tax-exempt bond allocations each fiscal year.
2010 Budget:
In 2010, the administrative budget for the Authority was $780,288. In addition, the Authority received approximately $39 million in tax-exempt bond allocations.
Did You Know?
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Approximately 80 households will receive low interest rate mortgages through the Authority’s single-family mortgage revenue bonds in 2011.