The company said the project will be built near Flamingo Crossings Town Center and will include more than 1,300 units.
“We are invested in working with our community to resolve complex issues,” Walt Disney World Resort President Jeff Fall said in a statement Wednesday. “The lack of affordable housing affects a lot of people across our country, including here in Central Florida.”
Housing costs have risen in Orange County and the rest of Florida in recent years.
Orlando rentals 24.26% increase On an annual basis, a Florida Atlantic University study last month found.
The company said the new development from Disney was still “in the early planning stages and is subject to appropriate approvals”.
Disney CEO Bob Chuckle has feuded with Florida Governor Ron DeSantis in recent weeks after the state passed the Parental Rights in Education Act, which prohibits teachers from officially teaching gender identity and sexual orientation with students from kindergarten to third grade.
Last week, DeSantis glimpsed at threaten to cancel A 55-year-old law allows Disney to run itself on the basis of Walt Disney World. It’s unclear whether this potential cancellation or the larger controversy could affect Disney’s plans to develop affordable housing.
Disney’s announcement comes about two weeks after Universal Parks & Resorts and Wendover Housing Partners announced that they plan to build 1,000 affordable housing units on 20 acres of land in Orlando.
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