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CRA unveils Parramore down-payment assistance and approves grant for Hula Mula restaurant
Summary
The Community Redevelopment Agency announced phase 3 of a homeownership down-payment assistance program that will deliver eight Parramore homes priced at $225,000 with differing assistance packages; the CRA also approved $146,355 in aid (including $50,000 rent abatement) for Hula Mula—s downtown restaurant buildout.
City and CRA officials told the Orlando City Council on March 16 that the CRA is moving into phase 3 of its down-payment assistance program for Parramore and is prepared to deliver eight newly constructed single-family homes intended for first-time buyers.
David, speaking for CRA staff, said the homes are being offered to achieve the same effective affordability at a target price of $225,000 across…
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