Up to $31.2M approved for 180-unit Tori Meadows housing project

Jacksonville has approved the Jacksonville Housing Finance Authority’s plan to issue up to $31.2 million in multifamily housing revenue bonds for Tori Meadows, a roughly 180-unit development on San Diego Road northwest of Spring Park Road. Tori Meadows Ltd. would use the bond proceeds for acquisition and construction. The bonds will not be backed by the city’s general revenues or taxing power, and the approval requires compliance with the authority’s bond allocation policies.

RESO, Upon an Acknowledgement of Due Auth & the Making of Findings, Apv the Issuance by the JHFA of Its Multifamily Housing Revenue Bonds (Tori Meadows), in 1 or More Series, in an Aggregate Principal Amt Not to Exceed $31,200,000 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 San Diego Rd, NW of the Intersection of San Diego Rd & Spring Park Rd, Jax, Duval County, FL, 32207, & to Be Commonly Known as “Tori Meadows”; Determining Credit Not Being Pledged (Dillard) (Req of JHFA) 10/27/26 CO Introduced: NCSPHS, F

Oct 27, 20262026-0877: RESO, Upon an Acknowledgement of Due Auth & the Making of Findings, Apv the Issuance by the JHFA of Its Multifamily Housing Revenue Bonds (Tori Meadows), in 1 or More Series, in an Aggregate Principal Amt Not to Exceed $31,200,000 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 San Diego Rd, NW of the IntersectioSource documentPDF