PARRAMORE HOME 1 RENDERING VIA CITY OF ORLANDO
Orlando City Council approved the sale of eight newly built homes in Parramore last month, in the hopes of selling them to first-time homebuyers.
The homes are appraised between $365,000 and $380,000, but through the Community Redevelopment Agency’s down payment assistance program, buyers will purchase them at an effective price of $225,000. The CRA covers the gap: $140,000 for one home model, $155,000 for another. First responders get an additional $10,000 on top of that, a new feature for the program.
To qualify, buyers must be first-time homeowners earning 80–140% of the area median income — roughly $84,000 to $137,000 annually for a family of four, and must contribute at least $1,000 of their own funds toward closing. They’ll also need to complete a HUD-approved homebuyer education course and commit to living in the home as their primary residence for at least 10 years.
The eight homes are located at 748 Short Avenue, 748 and 749 S. Lee Avenue, 839 Short Avenue, 748 Jernigan Avenue, 749 Quill Avenue, 805 McFall Avenue, and 622 Conley Street. This is the third phase of the Parramore Infill Housing Initiative, which has been building homes on city-owned vacant lots since 2018.
Applications are not yet open. The homes are expected to be listed in the coming months and you can click HERE to see the layouts.
