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CRA unveils Parramore down-payment assistance and approves grant for Hula Mula restaurant
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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 two floor plans. He outlined proposed down-payment assistance levels of $140,000 for the smaller "model A" homes and $155,000 for "model B," with an additional $10,000 offered to first responders who choose to purchase one of the homes. CRA staff said the units are expected to be on the market in the coming months.
The council approved the CRA—s recommendations on the consent calendar following the CRA presentation.
In a separate CRA item, staff described a funding agreement for Hula Mula, a Hawaiian-inspired café planned at Church Street and Orange Avenue next to the downtown information center. CRA staff reported the tenant is committing roughly $770,000 to fit the 2,700-square-foot space and qualifies for $146,355 in CRA assistance; about $50,000 of that package is rent abatement. Council approved the funding agreement as presented.
Mayor Dyer and multiple commissioners congratulated Chrissy/Christy/Chrissy Martin on her appointment as transportation director and expressed support for CRA efforts to promote first-responder housing and small-business development downtown.
The CRA items passed without extended debate; council questions were minimal and motions to approve were recorded and carried.
