Jacksonville Council reviews controversial Property Assessed Clean Energy loan program

The City of Jacksonville's NCSPHS Committee convened on May 5, 2025, to discuss several key issues impacting the community, with a particular focus on housing and financial programs.

One of the most significant discussions centered around the Property Assessed Clean Energy (PACE) Program, specifically regarding residential loans. Lynn Drysdale from Jacksonville Area Legal Aid raised concerns about the potential dangers of these loans, which have been criticized for their high interest rates and complex terms. Drysdale emphasized that these loans could jeopardize homeowners' financial stability, as they hold a super lien status over existing mortgages. The committee was urged to carefully consider the implications of endorsing such financial products before making any decisions.

In addition to the PACE Program, Sharron Corbin Walker, the new CEO of Jacksonville Housing Authority, introduced herself and outlined her commitment to providing affordable housing solutions for residents. She highlighted the authority's mission to support low to moderate-income households and promote economic mobility through various programs. Walker expressed her intention to collaborate with council representatives to shape the future of housing in Jacksonville, signaling a proactive approach to addressing the city's housing challenges.

The meeting also included a review of the agenda, with several items deferred or up for action. The committee members were encouraged to familiarize themselves with the agenda items, which included various legislative proposals and community initiatives.

As Jacksonville continues to navigate its housing landscape, the discussions from this meeting reflect a growing awareness of the complexities surrounding financial assistance programs and the critical need for affordable housing solutions. The outcomes of these discussions will play a vital role in shaping the city's approach to housing and community support in the coming months.