JACKSONVILLE BEACH, Fla. - The Jacksonville Housing Authority Board of Directors voted unanimously to move forward with the redevelopment of its affordable housing complex in Jacksonville Beach.
The $30 million project, called The Waves at Jacksonville Beach, includes the demolition of the existing public housing units and the new construction of 127 units.
JHA is co-developing the project with TVC Development Inc., the affordable housing subsidiary of Jacksonville-based The Vestcor Companies.
At the same time, JHA is renovating 89 other units in Jacksonville Beach and Atlantic Beach for a total cost of approximately $1,479,000.
The boards vote gives Interim CEO Dwayne Alexander the authority to sign all closing documents on the financing of the project, which is anticipated to take place in mid-September.