The City Council of Jacksonville approved the issuance of Multifamily Housing Revenue Bonds (Normandy Cove), Series 2025, by the Jacksonville Housing Finance Authority. The bonds, totaling an aggregate principal amount not to exceed $29,000,000, are intended to finance a portion of the costs associated with the acquisition and construction of a 144-unit multifamily residential housing facility. This facility, to be known as "Normandy Cove," will serve persons or families of low, middle, or moderate income, as well as active duty military or veterans. The project is located approximately 1,300 feet northwest of the intersection of Old Middleburg Road North and Sheldon Drive in Jacksonville, Duval County, Florida. A public hearing was held on August 29, 2025, regarding the issuance, where no persons participated or submitted comments. The approval is subject to the borrower, project, and bonds complying with the Authority's Multifamily Bond Allocation Policies and Procedures.