Approval of $23.5 Million Bond Issuance for Treetop Apartments Renovation

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 (Treetop Apartments), in 1 or more Series, in an Aggregate Principal Amt not to Exceed $23,500,000 for the Purpose of Financing all or a Portion of the Costs Related to the Acquisition & Rehab of a Multifamily Residential Housing Facility for Persons or Families of Low, Middle or Moderate Income, to be Located at 6355 Morse Ave, Jax, Duval County, FL, 32244, & to be Commonly Known as “Treetop Apartments”; 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 City Council has approved the Jacksonville Housing Finance Authority (JHFA) to issue up to $23.5 million in revenue bonds to fund the acquisition and rehabilitation of the Treetop Apartments. The project aims to provide housing for low, middle, and moderate-income families at 6355 Morse Ave.

Why it matters

This resolution authorizes the financing for the renovation of a multifamily housing complex, impacting the availability and condition of housing for low-to-moderate income residents in Duval County.

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

Current and future residents of Treetop Apartments

Residents will be impacted by the acquisition and rehabilitation of their housing facility.

Directly affected

Jacksonville Housing Finance Authority

The agency is authorized to proceed with the issuance of the revenue bonds.

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

Will taxpayers be responsible if the bond is not paid back?

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

Who is eligible to live in the renovated Treetop Apartments?

The facility is intended for persons or 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 explicit inclusion of a 'credit not being pledged' clause highlights the city's strategy to facilitate housing development without assuming financial risk.

Jacksonville Housing Finance Authority