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Jacksonville Growth & Affordability Partnership Fund 

The Jacksonville Growth & Affordability Partnership Fund ("Jax GAP Fund") is a $20 million loan fund built to create and preserve existing affordable housing initiatives in Jacksonville, Florida.

Jax GAP Fund loans can be used for the acquisition, refinancing, construction, and rehabilitation of properties within Jacksonville or Duval County, Florida.

The fund is administered by Self-Help Ventures Fund and funded by the Jessie Ball duPont Fund, The Community Foundation for Northeast Florida, Northern Trust, and Pinnacle.

$20M
Total Loan Fund
Eligibility

Eligible Projects

  • Existing properties or land to develop affordable housing.
  • New construction or rehabilitation.
  • Project scope must include creating or preserving
    affordable units for rent.
  • Must be located within the city of Jacksonville, FL or Duval County.
Benefits

Benefits of the Jax GAP Fund

  • Pairs well with other affordable housing financing,
    including Low-Income Housing Tax Credits.
  • Recourse and non-recourse options available
  • Access to in-house legal.
  • No prepayment penalty.
  • Competitive origination fee of 1%.

Ready to move forward? Complete an inquiry form to get started with the Jax GAP Fund.

Complete an Inquiry Form
Jacksonville Bridge and Mezzanine Financing

Bridge Financing for Affordable Housing

  • Term: Up to 5 years
  • Amounts: $500,000 to $7 million
  • Interest rate: 4.75%
Mezzanine Financing for Affordable Housing

  • Term: Up to 15 years
  • Amounts: $500,000 to $7 million
  • Interest rate: 4.0% until 9/2027 (4.25% thereafter)
We encourage you to share this opportunity with qualified developers and partners. Download a  printable (PDF) flyer about the program here. 

Partners

Creating more affordable housing in our communities requires creative collaboration among many organizations. The Jax GAP Fund is a great example of what we can do when we work together.

The Jax GAP Fund is a result of collaboration among the Jessie Ball duPont Fund, The Community Foundation for Northeast Florida, Northern Trust, and Pinnacle, with Self-Help Ventures Fund serving as administrator of the fund.

jessie ball dupont fund logo
community foundation for northeast florida logo
northern trust logo
pinnacle logo