The Jacksonville City Council approved a resolution authorizing the Jacksonville Housing Finance Authority to issue up to $17,600,000 in Multifamily Housing Revenue Bonds to finance the Sulzbacher Enterprise Village. This affordable housing project, located on Walgreen Road approximately 2,150 feet north of Golfair Boulevard, will provide around 100 multifamily units for low- to moderate-income individuals and families. The bonds will be used to fund acquisition and construction and will not constitute a debt or obligation of the city, county, or state. The financing will be repaid solely through project revenues. A public hearing was held, with no objections presented. The Council determined that the project offers substantial public benefit and aligns with the Authority’s mission to alleviate the shortage of affordable residential housing.
This bond issuance advances the development of affordable housing in Jacksonville, targeting vulnerable populations and addressing regional housing shortages. It strengthens community stability through public-private collaboration.