The Jacksonville Housing Authority board has approved a $44.5 million plan to finance and work with two for-profit development firms to build 152 single-family homes in Duval County.

Housing Authority officials hope the projects will help with Jacksonville’s affordable housing deficit.

In the first project, the Housing Authority will contract with Jacksonville-based Chase Properties Inc. to build 102 town homes for $33 million on a 19.04-acre site at Normandy Boulevard and Nathan Hale Road in West Jacksonville, southeast of Baldwin.

In a separate agreement, the board agreed to an $11.5 million deal with JWB Real Estate Capital LLC for 50 single-family homes in eight Jacksonville ZIP codes.

Read the rest of the story at the Jacksonville Daily Record, a Jacksonville Today news partner.

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