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Walt Disney World has shared further updates on the affordable housing development project announced earlier this year.
In April of this year, we reported that Disney had announced it would be embarking on a real estate project meant to uplift the surrounding communities. The Walt Disney Company earmarked 80 acres of Walt Disney World land for a new affordable housing development within Central Florida. The initiative had been “in the works for a while” when they announced it.
Artist Concept photo of the affordable housing project/Disney Parks Blog
Read More: Disney Is Building An Affordable Housing Development
The news was shared by journalist Scott Gustin who took to Twitter to share the news. Gustin shared that Disney chose The Michaels Organization, a prominent and visionary developer known for creating high-quality homes in communities, to build 1,300 affordable housing units near State Road 429, just a few miles off Flamingo Crossings Town Center.
Check it out:
NEW: Walt Disney World is releasing new details about the affordable housing development that will be built on 80 acres of Disney property.
Disney has chosen The Michaels Organization to build 1,300 units near State Road 429, a few miles from Flamingo Crossings Town Center. pic.twitter.com/kQCfkLOx7i
— Scott Gustin (@ScottGustin) November 16, 2022
Disney Parks Blog also released a story on the announcement adding a few more details. They shared the development is expected to be privately financed and limited to applicants within a certain income range.
Jeff Vahle, the President of the Walt Disney World Resort added, “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. 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.”
Disney’s affordable housing project/Disney Parks Blog
Disney Parks Blog also added,
This initiative will help offer a viable solution to one of the nation’s greatest challenges and will support and build upon Orange County’s Housing for All action plan to address housing affordability for local residents, an action plan brought about by the passion and leadership of Mayor Jerry Demings.
We at Disney Fanatic will continue to report on all the latest news from Disney as it comes to light.
