Orlando Theme Parks Step Up for Affordable Housing

Two endeavors to increase affordable housing in the Orlando, Florida, market are garnering headlines. Walt Disney World has earmarked nearly 80 acres of land in southwest Orange County for the development of more than 1,300 affordable housing units. Universal Parks & Resorts and developer Wendover Housing Partners also have revealed the initial development plan for Universal’s Housing for Tomorrow initiative, which also aims to address the area’s shortage of affordable housing. A year ago, Universal announced that it had pledged 20 acres of prime land in Orlando’s tourist corridor for 1,000 units of affordable and mixed-income housing.