JACKSONVILLE, FLA. — Ability Housing has completed Village at Cedar Hills, an affordable housing community in Jacsksonville’s Westside neighborhood. Rent restrictions for the property’s 90 units vary, ranging from 30 to 60 percent of area median income (AMI). Monthly rents are based on household size and income and range from approximately $500 for a one-bedroom unit for a household earning 30 percent or less of AMI to approximately $1,380 for a three-bedroom unit for a household earning up to 60 percent of AMI.
Six units are reserved for individuals or families exiting homelessness, and 18 units are dedicated to a pilot project designed to reduce residents’ reliance on emergency and other acute care visits through a combination of housing and behavioral health care services. Funding for the $30.7 million project was secured through various state, local and private sources, including the City of Jacksonville and Raymond James, which syndicated $17.7 million in tax credit equity through EverBank.