08/22/2024 | Press release | Distributed by Public on 08/22/2024 14:42
Community members looking to learn more about the City of Jackson's 100 Homes Program have an upcoming opportunity. The City's Community Development Department is hosting a 100 Homes Open House event to showcase the program on Sunday, Sept. 8 from 1-3 p.m.
The Open House is being held on the 100 block of E. Monroe Street where two homes from the program are being built on neighboring lots at 108 and 112 E. Monroe. City staff, builders and lenders will be on-site to answer questions. Event attendees are welcome to tour the recently completed homes for an up close look at the housing provided through this innovative program.
The City of Jackson is on a mission to build 100 new single-family homes on vacant lots by 2027. One year after the groundbreaking program launched in fall 2023, new homes are popping up all over Jackson. As of Sept. 2024, there were three homes completed and sold, with 24 more under construction.
100 Homes uses American Rescue Plan funds to provide $25,000 in down payment assistance and connect home buyers to builders. All home prices are capped at $175,000. Program eligibility is based on household size and income. You do not need to be a City of Jackson resident to qualify. Buyers work with a mortgage company of their choosing to secure funding for the homes.
There are three plans buyers can choose from, which are a mix of one and two story houses with up to three bedrooms and one and a half baths. Future homeowners also select where the houses will be built. The majority are infill housing on vacant lots, though some are being built on fresh lots that have never been developed.
Go to the 100 Homes section of the City website to learn more about the program and application process.