The Jacksonville Consortium

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The Jacksonville Consortium is applying for $80 million of Neighborhood Stabilization Program funds as authorized by the American Reinvestment and Recovery Act of 2009. The lead member of the Consortium is Greater Jacksonville Communities and it also includes the City of Jacksonville, LISC, NEFBA, Ability Housing, Habijax, Builders Care and Matovina & Company.

The funds will be used for financing, purchasing and rehabilitating homes and rental properties, land banking, demolishing blighted structures, redevelopment and administration. See the table below for a break down of the funds by each use.

The target geography for the use of the funds includes all census tracts in Duval County that meet the minimum requirements as specified by HUD for the use of such funds. The target geography generally lies north and west of the St. Johns River but also includes other areas. See the map below for the target geography for the use of these funds.

The Consortium intends to focus a majority of its activities in certain neighborhoods that have the greatest need in order to enhance existing efforts to stabilize and revitalize these neighborhoods. A minimum of 70% of the funds will be targeted to these areas which are also shown on the map.

The use of the funds will not be restricted to members of the Consortium. Other subrecipients are expected to apply for and receive funding from the Consortium to carry out its activities.

All of the funds to be used by the Consortium will benefit individuals and families whose income does not exceed 120% of the area median income. In addition, a minimum of 25% of the funds will be used for the purchase and redevelopment of abandoned or foreclosed residential properties that will house individuals or families whose income does not exceed 50% of area median income.

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» Click on image of map to download a larger PDF version

Neighborhood Stabilization Program Activity Proposed Amount Financing Mechanisms $7,000,000 Purchase and rehabilitate homes and residential properties – ownership and rental $43,000,000 Land bank $1,500,000 Demolish blighted structures $700,000 Redevelopment $19,800,000 Administration (10%) $8,000,000

Use the links below to see a complete copy of The Jacksonville Consortium's application. The application is in 4 parts Part 1 Part 2 Part 3 Part 4

Comments from citizens affected by the proposed program are welcome and should be submitted via regular mail or delivery to The Jacksonville Consortium, c/o Jamie Atkins, 103 Century 21 Drive, Suite 100, Jacksonville, FL 32216-9256 or via email at JAtkins@NEFBA.com.