08/20/2026
It's a big day for affordable housing in Jacksonville!
We’re proud to stand alongside fellow investors from the private and philanthropic sectors to launch the $20 million Jacksonville Growth and Affordability Partnership Fund (Jax GAP Fund), an innovative loan fund that will finance up to $80 million in new affordable multifamily rental housing for Duval County.
The Jax GAP Fund helps address Jacksonville's affordable housing shortage by creating a community-based source of gap financing for housing developers. This is possible thanks to a $10 million anchor investment from Northern Trust, as well as investments from the Jessie Ball duPont Fund, The Community Foundation for Northeast Florida and its donors, and Pinnacle Financial Partners. Bringing experience and expertise managing similar funds, Self-Help Ventures Fund will administer the Jax GAP Fund.
“The launch of the Jax GAP Fund is a starting place, not a finish line, in the race to meet our community’s need for affordable housing,” said Isaiah M. Oliver, President of The Community Foundation. “This significant milestone was made possible by the Jax GAP Fund’s investors, who believe in the important role of venture philanthropy to pilot solutions with the potential for scale.”
Learn more in the link below ⬇️