Jackson’s 100 Homes project has produced 52 houses, but officials say residents still struggle to afford them. A new proposal could offer up to $50,000 in down payment assistance.
Jackson’s 100 Homes project has resulted in 52 houses either finished or currently being built, but city officials say residents are still struggling to afford the homes — and they have a new proposal to help.
Jackson officials say neighbors are still struggling to afford house through 100 Homes programA new proposal will financially assist with down paymentsProposal will be presented to Jackson City Council Tuesday, March 10
Grant Coordinator Cory Mays said high interest rates, inflation, and stagnant wages have made it difficult for residents to purchase homes even with the financial assistance the program already provides.
Jackson to propose down payment help through 100 Homes project
“Interest rates haven’t crept down, inflation is going up, and wages are stagnant. People are having a hard time getting in that house even with the supports that the city is providing,” Mays said.
That challenge motivated Mays and other city officials to develop a proposal for additional down payment assistance.
“You can receive up to $50,000 in down payment assistance depending on your income level,” Mays said.
Mays said the program is about more than building affordable homes — it’s about building sustainability for Jackson residents.
“We’re giving families a place to be, a place to call home, a place to have that stability,” Mays said.
The proposal will be presented to Jackson City Council at its March 10 meeting for approval.
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