Disney picks developer for affordable housing project
ORLANDO (Fla.) — Walt Disney World has selected a developer to build and operate an affordable housing community on 80 acres donated by the entertainment company, company officials announced Wednesday.
The Michaels Organization is going to build, own, and manage the 1 ,300-unit housing development. This development will help to improve the housing market in Orlando for service workers, who have found it increasingly difficult to find affordable housing.
Qualified applicants must be either Disney employees or members the public. The plans for the development were announced by Disney earlier this year, but new details were released Wednesday. The land will be owned by Disney, the largest employer in the metro area, while The Michaels Organization will manage the development.
Housing costs in Orlando and other parts of Florida have increased in recent years.
Crosstown rival Universal Parks and Resorts also recently announced plans to build a 1,000-unit mixed-income community that offers tuition-free preschool and medical care on site.
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