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Monday, October 5, 2020

Universal announces search for developer to create affordable housing community in Orlando

Posted By on Mon, Oct 5, 2020 at 1:33 PM

click image PHOTO COURTESY UNIVERSAL ORLANDO/FACEBOOK
  • Photo courtesy Universal Orlando/Facebook
Universal Parks & Resorts has announced a call for developers to design a planned affordable housing community in Orlando as part of its Housing for Tomorrow Initiative.

Universal is looking for developers specializing in affordable housing to lead the creation of a community to be built on 20 acres of land located off International Drive that Universal has set aside specifically for this undertaking. The end result, fingers very crossed, will be "1,000 high-quality apartments" that are within the reach of the working class (and not more condos or another hotel).



The Housing for Tomorrow Initiative, a partnership between Universal and community leaders, will oversee the developer search.

"I am thrilled that Universal has stepped up to the plate to help solve the affordable housing challenge, an issue that affects us all. This venture is a great example of a public-private partnership,” said Orange County Mayor Jerry L. Demings in a press statement.

The lucky candidate will be selected by the first quarter of next year, with the ambitious brief to begin construction of this housing in 2022.

Orlando has long suffered from a horrific lack of affordable housing. This undertaking is nowhere near enough to resolve this ever-more pressing crisis, but it is a baby step in the right direction.

More information can be found at the newly launched Housing for Tomorrow website.


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