Approval of $28.85 Million Bond Issuance for Campbell Cove Housing Project

Original title: RESO Upon an Acknowledgement of Due Authorization & the Making of Findings, Apv the Issuance by the JHFA of its Multifamily Housing Revenue Bonds (Campbell Cove), in 1 or more Series, in an Aggregate Principal Amt not to Exceed $28,850,000 for the Purpose of Financing all or a Portion of the Costs Related to the Acquisition & Construction of a Multifamily Residential Housing Facility for Persons or Families of Low, Middle or Moderate Income, to be Located at 11050 Beach Blvd, Jax, Duval County, FL, 32246, & to be Commonly Known as “Campbell Cove”; Determining Credit not being Pledged (Dillard) (Req of JHFA) 4/28/26 CO Introduced: NCSPHS, F 5/4/26 NCSPHS Read 2nd & Rerefer 5/5/26 F Read 2nd & Rerefer 5/12/26 CO Read 2nd & Rerefer 5/18/26 NCSPHS Approve 6-0 5/19/26 F Approve 8-0 5/26/26 CO Approve 17-0

Record date · May 26, 2026

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What This Bill Does

The Jacksonville City Council has approved a resolution authorizing the Jacksonville Housing Finance Authority (JHFA) to issue up to $28.85 million in . These funds will support the acquisition and construction of the Campbell Cove residential facility, which is designated for low, middle, and moderate-income families.

Why it matters

This resolution authorizes the financing mechanism for a new multifamily housing development at 11050 Beach Blvd, allowing the project to proceed with up to $28.85 million in bond-backed funding.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Jacksonville Housing Finance Authority

The authority is authorized to issue the bonds to finance the project.

Directly affected

Low, middle, and moderate-income families

These groups are the intended residents of the housing facility being financed.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

Is the City of Jacksonville responsible for paying back these bonds?

No, the resolution explicitly states that the credit of the city is not being pledged, meaning the city is not liable for the debt.

Who is the target demographic for the Campbell Cove housing?

The facility is designated for individuals and families of low, middle, or moderate income.

What else do you want to know?

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Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

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Non-recourse financing

The resolution explicitly includes a 'credit not being pledged' clause, a standard but critical protection for municipal budgets in housing bond issuances.

Jacksonville Housing Finance Authority