Council approves up to $35.5M for Treetop Apartments rehabilitation

Jacksonville City Council approved the Jacksonville Housing Finance Authority’s plan to issue up to $35.5 million in multifamily housing revenue bonds for SAH Treetop Holdings LP to acquire and rehabilitate Treetop Apartments at 6355 Morse Avenue. The project is expected to have about 172 units for low-, moderate- or middle-income households. The bonds will be repaid from project revenues, not Jacksonville’s general revenues or taxing power.

RESO, Upon an Acknowledgement of Due Auth & the Making of Findings, Apv the Issuance by the JHFA of Its Multifamily Housing Revenue Bonds (Treetop Apartments), in 1 or More Series, in an Aggregate Principal Amt Not to Exceed $35,500,000 for the Purpose of Financing All or a Portion of the Costs Related to the Acquisition & Rehabilitation of a Multifamily Residential Housing Facility for Persons or Families of Low, Middle or Moderate Income, to Be Located at 6355 Morse Ave, Jax, Duval County, FL, 32244, & to Be Commonly Known as “Treetop Apartments”; Determining Credit Not Being Pledged (Dillard) (Req of JHFA) 10/27/26 CO Introduced: NCSPHS, F

Oct 27, 20262026-0878: RESO, Upon an Acknowledgement of Due Auth & the Making of Findings, Apv the Issuance by the JHFA of Its Multifamily Housing Revenue Bonds (Treetop Apartments), in 1 or More Series, in an Aggregate Principal Amt Not to Exceed $35,500,000 for the Purpose of Financing All or a Portion of the Costs Related to the Acquisition & Rehabilitation of a Multifamily Residential Housing Facility for Persons or Families of Low, Middle or Moderate Income, to Be Located at 6355 Morse Ave, Jax, DuvalSource documentPDF