5 Steps to Building an Audience with #Hashtags
5 Steps to Building an Audience with #Hashtags
5 Steps to Creating Successful Ads

New affordable housing loan program aims to help the housing crisis in Jacksonville [Video]

Categories
Integrated Solutions Offering

City leaders are offering some possible solutions to the housing crisis.

On Wednesday, Jacksonville Mayor Donna Deegan committed $10 million in her proposed 2024-2025 budget to help ease the burden on local families.

>> STREAM ACTION NEWS JAX LIVE <<<;elm:context_link;itc:0;sec:content-canvas">>>> STREAM ACTION NEWS JAX LIVE <<<

“The city’s contribution allows the fund to bring additional investors into this effort, and there are millions of dollars in pledges already lined up to match our investment,” Deegan said.

The funding would jump-start what Deegan calls an innovative affordable housing loan program.

RELATED: Mayor Deegan to make announcement on affordable housing funding following down payment program

Deegan said that $10 million is part of a $40 million fund that involves public, private, and nonprofits. It will offer low-cost financing to affordable housing developers.

“We know it is absolutely critical to solve the affordable housing crisis in Jacksonville and we are all here today because we are ready to act,” Deegan said.

[DOWNLOAD: Free Action News Jax app for alerts as news breaks

How Much Traffic do you Really Need?
How Much Traffic do you Really Need?
12 Steps to Create Videos