Today, Disney Parks Blog announced that Disney has “earmarked” 80 acres of land in Central Florida for an affordable housing development. This initiative has been in the works for a while as Disney plans to find solutions to the housing challenge facing Florida’s residents.
We are invested in working together with our community to solve complex issues,” said Jeff Vahle, president of Walt Disney World Resort. “The lack of affordable housing is affecting many people across our country, including right here in Central Florida. With this initiative, we’re lending a hand to make a real and meaningful impact in our community by tapping into the best of our company’s strengths. This is the right opportunity and the right time to take action.
Jeff Vahle, President of Walt Disney World
The development is expected to include more than 1,300 units and will be built by a third-party housing developer. Its location will be on Disney-owned land southwest of Orange County near the Flamingo Crossing Towne Center. The development will be available for qualifying applicants in the region, including Disney cast members. It’s unclear if “qualifying” means members of the public or if this will primarily be for Disney employees and their families.
Check out a video from Disney below:
If you are interested in getting started on your Florida home purchase and taking advantage of all Florida has to offer, our Moving to Orlando REALTORS are here to help you navigate the market. Take a moment to fill out our contact form, and someone will be in contact with you!
What’s the catch? How “affordable” is the housing, really?