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Committee approves $5 million low‑interest loan for 240‑unit affordable apartment project
Summary
The finance committee approved a $5 million low‑interest, 20‑year loan to support a 240‑unit affordable housing development with units at or below 60% of AMI; supporters said the project will expand workforce housing beyond the downtown core.
The Duval County Finance Committee on March 17 approved bill 2026‑150, authorizing a $5 million low‑interest loan over 20 years to support financing for a 240‑unit apartment development proposed by Vescore. Committee members said all units will be restricted at 60 percent or below area median income (AMI) and described the project as targeted workforce housing that will serve hospital staff, first responders and other workers near the beach‑to‑downtown corridor.
Council Vice President Nick Howland…
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