Orlando Approves Affordable Homes in Parramore
Orlando News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Orlando City Leaders Advance Affordable Housing in Parramore: Eight Homes Up for Sale in Phase Three of Infill Housing Initiative
City officials are moving forward with affordable housing in the Parramore neighborhood, set to approve the sale of eight single-family homes in phase three of the Infill Housing Initiative. These homes, priced between $365,000 and $380,000, are expected to generate at least $1.8 million in revenue for the city. The program, launched in 2018, has already built eight homes in earlier phases, generating $1 million for the Community Redevelopment Agency. The new homes will be sold to qualified first-time buyers or first responders at appraised value, with down payment assistance from the city and agency. The city commissioners will vote on phase three today, aiming to boost homeownership and stability in Parramore.
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