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Jacksonville Affordable Mortgages, Inc.
4401 Emerson Street, Suite 1Jacksonville FL, 32207
CDFI Awards for Jacksonville Affordable Mortgages, Inc.
FA (2006) - $300,000
Jacksonville Affordable Mortgages, Inc. (JAM) is a certified CDFI established in 1996. JAM provides affordable financing products and services (such as, down payment assistance loans, home improvement loans, and "recovery" first mortgages) that lead to neighborhood preservation and sustainability of homeownership in Northeast Florida, (Baker, Clay, Duval, St. Johns and Nassau Counties). JAM will use the 2006 Financial Assistance Award of $245,500, to inject equity and low-interest debt capital into its loan fund, permitting the organization to maintain solid capital ratios while it grows its base of debt capital. Also to support an increase in financial and portfolio management capacity that will enable the organization to manage a much larger, more diverse and complex portfolio. The 2006 Technical Assistance Award of $54,500 will be used to engage professional service providers to assist JAM increase its capacity and generate additional community impact through an expanded target market.
TA (2004) - $50,000
Jacksonville Affordable Mortgages, Inc. (JAM) will use the award to acquire consulting services; upgrade its computer system; cover the cost of staff salary to develop its business strategy; and to obtain staff training.
Other Community Development Financial Institutions in Florida
Business Loan Fund of the Palm Beaches, Inc., The
West Palm Beach
Community Equity Investments, Inc.
Pensacola
Community Financing Consortium
West Palm Beach
Florida Community Capital Corporation
Winter Park
Jacksonville Affordable Mortgages, Inc.
Jacksonville
Metro Broward Economic Development Corporation
Fort Lauderdale
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