ORD Reallocating $2,000,000.00 in State Housing Initiative Partnership (SHIP) Grant Funds from the SHIP Owner-Occupied Rehab Prog to the SHIP Downpayment Assistance Prog & SHIP Single-Family Dev Prog; Auth the Mayor, or Her Desig, & the Corp Sec to Execute & Deliver Docs Related to the Approp (B.T. 26-036) (Smith) (Req of Mayor) 1/27/26 CO Introduced: NCSPHS, F 2/2/26 NCSPHS Read 2nd & Rerefer 2/3/26 F Read 2nd & Rerefer 2/10/26 CO PH Read 2nd & Rerefer 2/17/26 NCSPHS Amend/Approve 7-0 2/18/26 F Amend/Approve 7-0 2/24/26 CO Amend/Approve 18-0 Public Hearing Pursuant to Ch 166, F.S. & CR 3.601 - 2/10/26

This ordinance reallocates $2,000,000.00 in State Housing Initiative Partnership (SHIP) grant funds. The funds are being moved from the SHIP Owner-Occupied Rehabilitation Program to two other programs:

• SHIP Downpayment Assistance Program: $500,000.00
• SHIP Single-Family Development Program: $1,500,000.00

The purpose of this reallocation is to address the continued shortage of affordable entry-level homes for very low and low-income families in Jacksonville. The SHIP Single-Family Development Program will provide short-term construction loans to developers to build new single-family homes, which will be sold to buyers earning 50% of Area Median Income (AMI) or below. The SHIP loan will be repaid at closing, allowing funds to be recycled for future projects. The Downpayment Assistance Program will follow its regular forgivable loan process.

This legislation also authorizes the Mayor or her designee and the Corporate Secretary to execute necessary documents related to this appropriation. The ordinance was introduced on January 27, 2026, and underwent several committee reviews and amendments before final approval.