Welcome

The Jacksonville Housing Finance Authority (JHFA) was established pursuant to Chapter 52, Jacksonville Municipal Code in accordance with Section 159, part IV, Florida Statutes. The JFHA exists for the purpose of addressing affordable housing needs in Duval County, Florida by stimulating the construction and rehabilitation of housing through the use of public financing. The JHFA is empowered to alleviate the shortage of affordable residential housing and to provide capital for investment in such facilities for low, moderate to middle income families and persons anywhere within Duval County, Florida through the issuance of its mortgage revenue binds (subject to legislative approval).

A seven-member board appointed by the Mayor and the City Council governs the Authority. 
 


Calendar

2022 Calendar - JHFA Board Meetings

2022 Calendar Changes:
A special JHFA board meeting will take place on Thursday, January 6, 2022.  Please see Public Meeting Notice and Agenda for more information.

The January 19, 2022 and February 16, 2022 regularly scheduled meetings have been combined into one meeting that will take place on Wednesday, February 2, 2022.


Meeting Notices - JHFA - Public Meeting Notices

Meeting Agendas - JHFA - Agendas

Meeting Minutes - JHFA Minutes
Jacksonville Housing Finance Authority NOFA 2022-1
Notice of Fund Availability and Request for Applications 

The Jacksonville Housing Finance Authority (the "Authority") announces the availability of funds and is requesting applications for the consideration of providing local government support for qualified multifamily housing developments which meet the goals of the Authority and comply with applicable federal and state law. The Authority has adopted the following guidelines to set forth the general requirements and procedures that apply to the financing of multifamily housing developments. The Authority may waive specific provisions of these guidelines where good cause is shown and adequate supporting documentation is provided. Any waiver is at the sole discretion of the Authority, and may require approval by the Jacksonville City Council. In addition, these guidelines may be amended, revised, repealed or otherwise altered by the Authority with or without notice. The Authority specifically welcomes requests for proposed alternative resident programs or development/unit features.  Applications are due Wednesday, January 26, 2022. 

JHFA 2022 NOFA Local Government Contribution RFA 2022-301 FINAL 1-6-22
JHFA 2022 Application Local Government Contribution RFA 2022-301 FINAL 1-6-22
 


Programs and Services 

NOTICE OF FUND AVAILABILITY & REQUEST FOR APPLICATIONS

Jacksonville Housing Finance Authority Annual Report

Pursuant to the requirements of Section 52.112, Municipal Code, the Jacksonville Housing Finance Authority (“JHFA”) submits an annual report to the Jacksonville City Council Finance Committee. 

2021 JHFA  Annual Report - Final


2021 GAP FINANCING FOR DEVELOPMENTS UTILIZING JHFA BONDS

The Jacksonville Housing Finance Authority (the "Authority" or “JHFA”) announces the availability of funds and is requesting applications for the consideration of providing gap financing for qualified multifamily housing developments which meet the goals of the Authority, comply with applicable federal and state law, and are using JHFA bonds. The Authority has adopted the following guidelines to set forth the general requirements and procedures that apply to the financing of multifamily housing developments. The Authority may waive specific provisions of these guidelines where good cause is shown and adequate supporting documentation is provided. Any waiver is at the sole discretion of the Authority, and may require approval by the Jacksonville City Council. In addition, these guidelines may be amended, revised, repealed or otherwise altered by the Authority with or without notice. The Authority specifically welcomes requests for proposed alternative resident programs or development/unit features.

Bond issues

The JHFA issues tax exempt single-family mortgage revenue bonds to provide funds for below market rate mortgages to homebuyers. In addition, the JHFA also issues Mortgage Credit Certificates (MCC's) which allow taxpayers to claim a tax credit for some portion of the mortgage interest paid during a given tax year. 

The JHFA has also issued multi family bonds to finance the construction/acquisition and rehabilitation of apartment complexes. Because the interest paid to the investors who buy these bonds is exempt from federal income tax, the interest rate on the mortgage to the developer is generally lower than conventional interest rates. More importantly, tax-exempt bonds bring automatic Federal Housing Credits to each deal -providing private sector equity investment that makes the transaction economically feasible.  By federal law, developments financed through the issuance of tax-exempts bonds include a requirement that a certain percentage of units be set aside for specific percentage levels of the local area median income. The development is also required to remain affordable for a specific period of time. The Authority was created by the Jacksonville City Council as the Duval County Housing Finance Authority (DCHFA) in 1978 and renamed the Jacksonville Housing Finance Authority in 2004.  Feel free to contact jhfa@coj.net or (904)255-8279.

Contact Information:

Jacksonville Housing Finance Authority
Thomas J. Daly, II Esq.
TDaly@coj.net
214 North Hogan Street, 7th Floor
Jacksonville, FL., 32202 904-255-8200