The Orange County Board of County Commissioners on Friday, Sept. 17, voted unanimously to award $13.18 million to future affordable housing units.
The decision will allow developers to build four different multi-family affordable housing developments in Orange County, according to a press release from the Orange County Communications Division.
By 2023, the developers are proposing 525 affordable housing developments in Pine Hills, Apopka and Orlando.
The investment stems from the Affordable Housing Trust Fund Program, which was established by Mayor Jerry L. Demings' Housing for All Task Force. The 10-year action plan addresses housing affordability and supply in the area.
“This is the first large-scale production of affordable housing sponsored by Orange County’s Housing Trust fund, and I am proud that 525 new affordable housing units are on the way,” Demings said in a prepared statement. “Each of these projects are in areas of high access and opportunity, with proximity to transit, employment centers and community resources.”
The four housing developments will include Orlando based Banyan Development Group, Southwick Commons, The Enclave at Canopy Park and Miami-based Emerald Villas Phase 3.
The Banyan Development Group will include $31.5 million project to build 156 units near at the northeast corner of West Colonial Drive and North Pine Hills Road, within walking distance to Barnett Park.
The Southwick Commons will be a $52.8 million project to build 195 units located at 461 E. Seventh St. in Apopka’s City Center development area.
The Enclave at Canopy Park is a $23 million project to build 84 units at the southeast corner of 45th Street and Rio Grande Avenue.
Finally, the Emerald Villas Phase 3, will be a $21.6 million project to build 90 units adjacent to an affordable housing community for 55-and-older seniors near Evans High School in Pine Hills.
For more details about the housing initiatives in place, visit ocfl.net/HousingForAll.