Walt Disney World Earmarks 80 Acres for New Affordable Housing Development
The Walt Disney World Resort is earmarking nearly 80 acres of land for a new affordable housing development in Central Florida.
“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.”
The development, which is expected to include more than 1,300 units, will be constructed by a third-party affordable housing developer and will be located on Disney’s land in southwest Orange County, Florida. It will offer Central Florida residents a variety of home choices that are affordable and attainable, in a great part of town near schools and the new and expanding Flamingo Crossings Town Center retail and dining complex. The development will be available for qualifying applicants in the region, including Disney Cast Members.
And the work doesn’t stop here: several years ago, Disneyland Resort led an effort to revitalize the Orange County Housing Trust that provides “last mile” funding for affordable housing projects in Anaheim. This made the Buena Esperanza project — a converted studio apartment community for veterans and homeless individuals with mental illness — a reality.
In addition to providing them a place to live, the community offers job placement and mental health and wellness support to residents. As a result of Disney’s investment a second project, Finamore Place, in Anaheim is under construction with an expected completion date of early summer 2022. It will provide over 100 additional housing units. Disneyland Resort will continue to show support for these and other such worthy endeavors.
Disney has also spent years investing in local nonprofits on the front lines of important causes like affordable housing – through hundreds of millions of dollars in donations, the Disney VoluntEARS program, contributions to local food banks and more.
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