City of Jacksonville considering $5 million loan for affordable housing community

The loan would fund a Vestcor 240-unit housing development along Beach Boulevard near St. Johns Bluff Road.

  • By Joe Lister
  • | 2:26 p.m. February 9, 2026
  • | 0 Free Articles Remaining!
Jacksonville City Council approved a $5 million loan for Vestcor Cos. to develop a 240-unit affordable housing community on 11 acres of vacant land at 11000 Beach Blvd.
Jacksonville City Council approved a $5 million loan for Vestcor Cos. to develop a 240-unit affordable housing community on 11 acres of vacant land at 11000 Beach Blvd.
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The city of Jacksonville Neighborhoods Department is proposing that the city award a $5 million low-interest loan to The Vestcor Cos. for development of a 240-unit affordable housing community along south Beach Boulevard near St. Johns Bluff Road. 

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