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Jacksonville Florida Real Estate Blog

Get latest news and real estate development in Jacksonville, Florida. A real estate blog by Will Vasana, Realtor.

December 22, 2006

City Adds $5M to Home Repair Program

The Jacksonville Housing Commission will spend an additional $5 million on home repairs for residents awaiting assistance through its Owner Occupied Rehabilitation Program.

The program provides home repair assistance to about 200 low-income residents in conjunction with two local nonprofits, Builders Care and Jacksonville Housing Partnership Inc. The additional funding will allow the partnership to provide assistance to twice as many residents, many of whom live in neighborhoods targeted by the city's Seeds of Change initiative.

The program will work form an established list of more than 3,500 cases. No new cases are being accepted.

Repairs include general repairs, the addition of handicap-accessible features and electrical or plumbing upgrades or overhauls.

The money comes from loan repayments recaptured when an individual who got mortgage assistance from the city sells or refinances their home.

Source: The Business Journal of Jacksonville

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