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City of Jackson says it is about halfway to its '100 Homes' goal.
Summary
The City of Jackson reports 30 of the planned 100 homes are complete with 23 more underway, and ARPA-funded down payment assistance must be spent by the end of 2026.
Content
The City of Jackson reports it is about halfway to its goal of building 100 homes through the "100 Homes" program. The effort is in its third and final year and focuses on filling vacant city-owned lots to create affordable housing. The program currently provides $25,000 in down payment assistance funded by ARPA, and city officials are considering increasing that amount to $35,000. ARPA funds designated for the program must be spent by the end of 2026.
Key details:
- Thirty homes have been completed and 23 more are under construction, according to City Community Development Director Shane LaPorte.
- Typical units are described as three-bedroom, 1.5-bath homes of about 1,250 square feet, listed at $178,000 with city down payment support.
- The city has proposed raising down payment assistance from $25,000 to $35,000, with the proposal expected to go before City Council in February.
- The program aims to use vacant lots to rebuild neighborhoods and create affordable housing while using ARPA funds before the end of 2026.
- Eligibility is reported as households at or below 120% of Area Median Income, with 120% AMI noted as roughly $70,000 a year for a single individual, and buyers must qualify for a mortgage through a lender.
Summary:
If the program proceeds as described, the city expects to reach the 100-home target later this year and to spend the ARPA down payment funds before the end of 2026. City Council consideration of the increased down payment assistance is the next scheduled step.
