Will City Hall incentives bring single family homes back to Parramore?
Orlando has a plan its leaders hope will boost home ownership in Parramore, a neighborhood with nearly twice as many vacant residential lots as it has single-family homes.
The city council is expected to weigh incentives to encourage the construction of single-family homes sold at or below $375,000. The builders would receive rebates on impact and permit fees, while homebuyers would get $45,000 in down payment assistance, with a further $10,000 given to first responders.
The city council is set to vote on the package, called the Orlando Unlocked Open Door Program, on Monday.
“The goal for me is building more home ownership,” said City Commissioner Shan Rose. “Home ownership is about building generational wealth and bridging the wealth gap in our community.”
The Parramore area, just west of I-4, is one of the region’s poorest neighborhoods, with a 2020 city report finding that roughly half of households are below the poverty line. The report, which studied Parramore and neighboring Holden, estimated there were 151 owner-occupied housing units there, or less than 6% of the total housing units.