Jacksonville council approves RISE grant application for affordable housing with 20% city match
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Summary
The Jacksonville City Council voted unanimously to authorize submission and acceptance of a RISE grant application for affordable housing, agreeing to a 20% local match; the council also heard a staff note that land purchase timing depends on the seller's reinvestment plans.
The Jacksonville City Council authorized the city to execute and accept a RISE grant application for affordable housing, including a 20% match by the city.
The resolution was moved by Alderman Speed and seconded by Alderman Ruben DeSellis. The council voted by roll call, with each named member responding yes; the mayor/presiding officer declared the motion carried. The resolution text as read states the city "hereby does approve, execution and acceptance of the rise grant, for affordable housing in Jacksonville, including the 20% match on behalf of the city."
Council members then heard a follow-up comment from a speaker noting the city will proceed with purchasing land for the project but that timing depends on the seller's plans; the speaker said the seller may pursue a 1031 exchange and will need to locate replacement property, so acquisition could occur quickly once the seller's timeline is set.
No additional debate or amendments were recorded. The council took the action by recorded roll call and the resolution will enable city staff to complete grant execution and move forward with associated land acquisition and project planning.
The clerk recorded the roll call during the vote; those listed in the roll call included Cook, Heap? (as recorded), Henry, Lockman, Pollock, Reuben DeSellis, Scott and Speed, all recorded as voting yes. The council announced "motion carries."
