With the first project, Chase Properties will build 102 new townhomes on a 19-acre site on Jacksonville’s Westside. Upon completion, JHA will own and manage the property. Plans call for 20% of the units to be rented as affordable housing and the balance rented at market rates. JHA said it will finance the $33 million build-out of the project.
The second project is with JWB Real Estate Capital, whereby JWB is selling 50 brand new single-family, infield homes scattered throughout eight different ZIP codes. Three of the homes will be 2-bedrooms, 25 will be 3-bedrooms and 22 will be 4-bedrooms. JHA will acquire the homes for $11.5 million, or $230,000 each.
“While these two projects are a drop in the bucket of what’s needed in Jacksonville, it’s a start,” said JHA Chairman Chris Walker. “By advancing these new housing projects the JHA Board of Commissioners is letting the community know that we’re doing something to address the problem. This has never been done before in Duval County.”
“I’d like to applaud and thank the Board of Commissioners for their support of these projects,” said JHA CEO Dwayne Alexander. “These projects demonstrate that JHA is serious about coming up with new and creative ways to continue to meet the housing needs of the citizens of Jacksonville.”
This is a joke.
Whatever. Housing is now just a big scam
If these builders have the JHA ready to buy the houses, as soon as they are built, the price should be a lot lower. 20 affordable units, in one location, is not going to do much, but at least it is a start.
So the answer is sardine cans? Fucking Capitalism.
Maybe we can collectively collaborate to get the Networks to back off selling advertising to the deep pockets investors buying up their viewing area and renting it back for almost 4 times what was normal. Just say no! Real estate companies don’t typically advertise with y’all why
It's the WORKING CLASS that NEEDS Affordable Housing. The Folks with a million kids, on drugs or Veterans are Set.