Home / Business and Economy / Affordable Housing Rises on Old School Site
Affordable Housing Rises on Old School Site
16 Apr
Summary
- Former Lake Forest Elementary site to house 120 affordable units.
- Project reserves 25% of housing for Duval County Public Schools staff.
- Target households earn up to 60% of area's median income.
The former Lake Forest Elementary school property is undergoing a significant transformation into a community hub featuring 120 affordable housing units and an on-site early learning center. This $46 million project is a partnership involving Ability Housing, Duval County Public Schools, and the city of Jacksonville.
A unique aspect of this development is the allocation of 25% of the housing units for Duval County Public Schools faculty and staff, a measure aimed at improving teacher retention. The project aims to serve residents earning up to 60% of the area's median income, with 23 units designated for those earning up to 80% AMI.
Jacksonville faces a substantial deficit of approximately 50,000 affordable housing units, with a significant portion of renters being cost-burdened. Mayor Donna Deegan highlighted the critical need for housing in the 60-80% AMI range, stating that this development directly addresses that gap. This initiative aligns with community-driven desires for redevelopment in the north side of Jacksonville.
