The Jacksonville City Council approved a resolution authorizing the issuance of up to $17,600,000 in Multifamily Housing Revenue Bonds by the Jacksonville Housing Finance Authority (JHFA) to support the development of Sulzbacher Enterprise Village. Located on Walgreen Road, north of Golfair Boulevard, the project will consist of approximately 100 units of affordable multifamily housing. The financing will assist with acquisition and construction costs and aligns with the JHFA’s mission to alleviate the shortage of residential housing for income-restricted families. The bonds will not constitute a debt or obligation of the city, county, or state, and repayment will be made solely from revenues derived from the project itself. The public hearing on the bond issuance found no opposition, and the Council determined the project to have substantial public benefit.
This bond issuance supports the development of new affordable housing in an underserved area, helping address Jacksonville's housing shortage and enhancing community stability through public-private financing.