Walt Disney World has announced that it will be dedicating a large acreage of land to support a new affordable housing community in Central Florida.
Nearly 80 acres of land will be dedicated by Walt Disney World for the housing community in collaboration with developer The Michaels Organization. The announcement was shared on Disney in Florida.
Disney and The Michaels Organization will help bring approximately 1,400 units of mixed-income housing to Central Florida, with more than 1,000 of those units “reserved as affordable.” The website confirms that Disney “will not benefit financially from this development.”
Upon completion, the new community will mesh with the neighboring villages in the Horizon West development located in Orange County, Florida, just a few miles away from Magic Kingdom and the Flamingo Crossings Town Center.
The focus of the mix of buildings will be on “storytelling and the arts,” with murals and other elevations for each neighborhood within the community. It will also offer amenities for residents to utilize to focus on their wellness.
The target for the project to break ground is expected to happen in 2024, with the first homes expected to be completed in 2026. Applicants to live in the community will be limited to a certain income range. Information on how to apply and who can qualify will be shared by The Michaels Organization at a later date.
Glad that Disney will dedicate an area for affordable housing in Central Florida?