Committee reallocates $2.8M from existing affordable‑housing set‑aside for development loan
The finance committee approved an amendment to use $1.4M from the capital stack and $1.4M from a utility tap fund — both taken from a prior $4.9M affordable‑housing set‑aside — to fund a $2.8M development loan, passing the substitute on a 7–1 vote.
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The Duval County finance committee approved an amendment Oct. 20 to redirect $2.8 million from a previously approved $4.9 million affordable‑housing set‑aside to a development loan for a proposed project.
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