Affordable Housing Coming to Central Florida!
Earlier this year, we shared the news of plans for a new affordable housing development project that will be built in Central Florida, more specifically, very close to Disney theme parks.
Disney has revealed that the building, owner, and operator of the project is The Michaels Organization, a prominent and visionary developer known for creating high-quality homes in communities in many states, including Florida.
The land where the project will be built is in a great spot west of State Road 429, just a few miles from the Magic Kingdom. It will be located near schools and shopping, including Flamingo Crossings Town Center. The development is expected to include more than 1,300 units.
Housing will be limited to applicants from within a certain income range and is expected to be privately financed.
“For more than 50 years, Walt Disney World has cared for and invested in our community, and we’re committed to being a part of this solution which will bring more attainable housing to Central Florida,” said Jeff Vahle, president of Walt Disney World Resort. “We will continue to find ways to use our resources to make a difference in the community we call home, and we’re excited to take this step with a nationally recognized developer.”
Negotiations between Walt Disney World and The Michaels Organization on a definitive agreement for the initiative are underway. The development will be open for qualifying applicants, including Disney cast members.
“We are excited to work with an iconic brand like Disney to deliver attainable housing for the Central Florida community,” said Michaels CEO John J. O’Donnell. “Our goal is to create a repeatable model that we hope will inspire other companies and municipalities to create high quality, attainable housing in their own communities.”
The availability of affordable housing is one of the nation’s greatest challenges. This initiative will support and build upon Orange County’s Housing for All action plan brought about by the passion and leadership of Mayor Jerry Demings.
Attainable housing is one of many ways Disney engages with local leaders to help the community find lasting solutions to this issue, from donations to supplies to the Disney VoluntEARS program. You may remember that earlier this year, Walt Disney World and Disneyland Resort donated $300K to local food banks to support people in the community facing food insecurity. That donation was part of the $5.5M Walt Disney World has contributed to important community causes during the ongoing 50th Anniversary celebration, including organizations on the frontline of addressing the need for affordable housing.
We will bring you updates as the project takes shape.
Excited about affordable housing near the Magic Kingdom?