Disney Launches Orlando Affordable Hosing Development

Walt Disney Co. is setting aside nearly 80 acres of land in Orange County, Fla., to build more than 1,300 units of affordable housing as home prices in the region’s white-hot real-estate market continue to rise.

An affordable-housing developer will build the project near Disney’s DIS 0.19%increase; green up pointing triangle Central Florida theme parks, the company said this week. The development is still subject to local approvals.