The Jacksonville City Council approved a resolution authorizing the Jacksonville Housing Finance Authority to issue up to $17,000,000 in Multifamily Housing Revenue Bonds to finance the acquisition and construction of Egret Landing. Located at 5804 and 5806 North Main Street, the project will consist of approximately 88 units of affordable housing specifically for elderly families. The bonds will be used solely for the development and will not be backed by the credit of the city or county. A public hearing was held on February 13, 2025, with no public opposition. The Council concluded that the bond issuance would provide substantial public benefit and help address the shortage of affordable senior housing in Duval County.
This bond financing supports new senior housing in Jacksonville, addressing critical needs for low- and moderate-income elderly residents. It strengthens community infrastructure and expands access to affordable, age-appropriate living options.