Council approves up to $15M in bonds for 95-unit Leon Landing

Jacksonville City Council approved the Jacksonville Housing Finance Authority's plan to issue up to $15 million in multifamily housing revenue bonds for Leon Landing, an approximately 95-unit development on Restlawn Drive near Toni Avenue. TWG Leon, LP, plans to acquire and build the housing for low-, middle- and moderate-income residents. The bonds will be repaid from project revenues, not city or county taxes or general revenues.

RESO, Upon an Acknowledgement of Due Auth & the Making of Findings, Apv the Issuance by the JHFA of Its Multifamily Housing Revenue Bonds (Leon Landing), in 1 or More Series, in an Aggregate Principal Amt Not to Exceed $15,000,000 for the Purpose of Financing All or a Portion of the Costs Related to the Acquisition & Construction of a Multifamily Residential Housing Facility for Persons or Families of Low, Middle or Moderate Income, to Be Located at Restlawn Dr, 0.001 Miles SE of Restlawn Dr & Toni Ave, Jax, Duval County, FL, 32208, & to Be Commonly Known as “Leon Landing”; Determining Credit Not Being Pledged (Dillard) (Req of JHFA) 10/27/26 CO Introduced: NCSPHS, F

Oct 27, 20262026-0876: RESO, Upon an Acknowledgement of Due Auth & the Making of Findings, Apv the Issuance by the JHFA of Its Multifamily Housing Revenue Bonds (Leon Landing), in 1 or More Series, in an Aggregate Principal Amt Not to Exceed $15,000,000 for the Purpose of Financing All or a Portion of the Costs Related to the Acquisition & Construction of a Multifamily Residential Housing Facility for Persons or Families of Low, Middle or Moderate Income, to Be Located at Restlawn Dr, 0.001 Miles SE of RestSource documentPDF