The 100 Homes Program is launching from the City of Jackson Community Development Department after seven months of planning. The program intends to construct 100 single-family houses on vacant lots for qualifying homebuyers, along with providing down-payment assistance.
The City Council allocated $2.5 million in American Rescue Plan funds to the newly created 100 Homes Program in March 2023. There are three plans to choose from, a mix of one- and two-story houses, with up to three bedrooms and 1.5 baths. Home prices will be capped at $175,000. There are income requirements to qualify. The homes will be built in established neighborhoods all over the City of Jackson.
The City of Jackson is offering $25,000 in down payment assistance. Some buyers may also obtain an additional $10,000 in down payment assistance from the Michigan State Housing Development Authority (MSHDA).
The 100 Homes section at cityofjackson.org, guides participants through the application process. Prospective buyers will work with a mortgage lender of their choice. After a participant is pre-approved for a mortgage, construction will begin. Home selection and location will be determined in collaboration with builders and buyers.
Construction is expected to start in late 2023 and take place through 2026.
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