ORLANDO, Fla. — The Orlando City Council has approved the Unlocked Open-Door Program, paving the way for new homebuilding and homeownership opportunities in District 5’s Parramore and downtown neighborhoods.
What You Need To Know
- The Orlando City Council approved a new housing initiative focused on Parramore and downtown District 5
- Eligible buyers can receive $45,000 in down payment assistance
- Builders must sell homes for $375,000 or less to qualify for 100% permit and impact fee rebates
- The city allocated $750,000 from the Community Redevelopment Agency initially, and the program runs through January 2029
- The initiative could make it easier for families to build or buy a home now, thanks to targeted incentives and city-backed support, according to program supporters
Now that the program has gotten the green light, vacant lots across Parramore could soon see new life.
Some realtors said they believe the program opens the door for future homeowners to purchase property in neighborhoods that have often been overlooked…