PARRAMORE, Fla. \u2014 Orlando city leaders are starting the week focused on creating more affordable housing opportunities in the Parramore neighborhood.<\/p>\n
What You Need To Know<\/p>\n
The city of Orlando is set to approve the sale of 8 single-family homes in Parramore as part of the third phase of its Infill Housing Initiative
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This initiative aims to increase affordable housing options in the Parramore area
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As for Phase III though, the city expects that the sales of these 8 new homes will generate a minimum of $1.8 million in revenue
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To purchase a Phase III home, applicants must qualify for a first mortgage of at least $225,000 with a city-certified lender and are eligible for down payment assistance<\/p>\n
Officials are set to approve the sale of eight single-family homes in Parramore to increase owner-occupancy there.<\/p>\n
The project, which began in 2018, is currently in its third phase.<\/p>\n
Initially, the city planned to include three homes on city-owned lots, located at 748 Short Ave. and 748 & 749 S Lee Avenue, but it has expanded to eight homes with the addition of five more city-owned lots located at 839 Short Ave., 748 Jernigan Ave., 749 Quill Ave., 805 McFall Ave.and 622 Conley St.<\/p>\n
Phase III homes will fluctuate in price between $365,000 to $380,000.<\/p>\n
Since its implementation, this initiative has been a financial asset for the city.<\/p>\n
Phases I and II resulted in the construction of eight single-family homes between 2018 and 2019.\u00a0<\/p>\n
That generated a total of $1 million in revenue for the Community Redevelopment Agency or CRA.<\/p>\n
As for Phase III, though, the city expects that the sales of these\u00a0eight new homes will generate a minimum of $1.8 million in revenue.<\/p>\n
To purchase a Phase III home, applicants must qualify for a first mortgage of at least $225,000 with a city-certified lender.<\/p>\n
Both the city and the CRA are offering down payment assistance to help homebuyers fill in any funding gaps.<\/p>\n
All the homes from Phases I to III are sold at appraised value to qualified owner-occupant first-time homebuyers or first responders, according to the city.<\/p>\n
This initiative isn\u2019t the only city-led effort intended to increase homeownership in Parramore.<\/p>\n
Orlando\u2019s new “Unlocked Open-Door Program,” which was approved earlier in March 2026, will convert more than 300 vacant lots in the neighborhood into privately owned single-family homes.<\/p>\n
The goal is to increase homebuilding and homeownership opportunities in Parramore.\u00a0<\/p>\n
Eligible buyers can receive $45,000 toward payment assistance from the city on a single-family home, potentially wiping out the need for a down payment on a new home.<\/p>\n
City commissioners will vote on Phase III of the\u00a0“Infill Housing Initiative” during their city council meeting, which kicks off at 2 p.m.<\/p>\n","protected":false},"excerpt":{"rendered":"PARRAMORE, Fla. \u2014 Orlando city leaders are starting the week focused on creating more affordable housing opportunities in…\n","protected":false},"author":2,"featured_media":193453,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[21948,767,16022,27812,274,770,115,139,141,140,3139,278,835],"class_list":["post-193452","post","type-post","status-publish","format-standard","has-post-thumbnail","category-orlando","tag-app-affordable-housing","tag-app-community","tag-app-housing","tag-app-latest-housing-stories","tag-app-top-stories","tag-community-news","tag-news","tag-orlando","tag-orlando-headlines","tag-orlando-news","tag-sasha-teman","tag-top-stories","tag-vod"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/193452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=193452"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/193452\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/193453"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=193452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=193452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=193452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}