Disney and Universal plan to build affordable housing units near their Florida theme parks as house prices soar

Disney plans to develop 1,300 affordable housing units across around 80 acres of its land in Orange County, Florida, close to its theme parks, as US house prices continue to outpace wage growth.

The unnamed proposed project is still subject to approvals and will be built by an affordable housing developer on Disney land close to its Central Florida based theme parks, the firm said Wednesday.