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Builders have been stymied since the pandemic by higher costs for materials and labor, stricter lending practices, rising interest rates and supply chain issues.
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ORLANDO, Fla. – Like the rest of the country, Florida has a critical shortage of affordable housing, and the situation is even more dire in Orlando’s service-based economy. In fact, Orlando ranks second-worst in the country when it comes to affordable housing availability, according to a new report from the National Low-Income Housing Coalition. Ryan Von […]
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Community Facebook groups are … special places. At any point, you’ll get a smattering of posts that range from the mundane to the annoying to the offensive: “I saw unaccompanied kids riding their bikes down Main Street. Where are the parents?” “Steak dinner recommendations. And go!” “There was a police car in front of Target. […]
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“Despite the (economic) volatility, demand is still strong,” said Carolee Fink, principal at MSquared, a New York City-based developer of mixed-income. “We still live in a country where more than half of renters spend more than half their income on shelter.” The inclusion of a range of income levels provides options to the “missing middle,” those making […]
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A new Florida law will set aside more than $700 million to help people get affordable housing. Developers say it’ll also help them build more affordable units
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Senate President Kathleen Passidomo’s $711 million affordable housing legislation was signed by Gov. Ron DeSantis Wednesday. Passidomo, R-Naples, DeSantis and House Speaker Paul Renner gathered at South Street- Founders Square to announce the signing. “And so today, we’re going to be signing Senate Bill 102, titled The Live Local Act, to be able to help […]
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Central Florida Spotlight sits down with one of the groups that is working with local, state and federal agencies to build affordable housing complexes.
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Two more affordable housing projects got funding promises this week from Orange County. Without discussion, county commissioners decided to award public money to Catchlight Crossings, Universal Parks & Resorts’ development near Epic Universe, its third Orlando-area theme park, and to a project west of Apopka, near an employment center.
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Orange County will lend money to help draw more affordable housing to Central Florida.