It's been a tough year for the tourism industry, but it's always tough making ends meet for many tourism workers in Central Florida. When housing prices rise faster than inflation, it is workers making the least who get squeezed the most.
So today, the Universal Orlando Resort announced plans to donate 20 acres of land near International Drive and manage the developer selection process to create approximately 1,000 high-quality, affordable apartments for Central Florida workers.
"The need for affordable housing in Central Florida is strong and our vision is clear," Universal Parks & Resorts Executive Vice President for Administration John Sprouls said. "We will make land available for affordable housing, we will bring the right partners to the project and we will set a high standard for the new community we create."
"I am thrilled that Universal has stepped up to the plate to help solve the affordable housing challenge, an issue that affects us all. This venture is a great example of a public-private partnership," Orange County Mayor Jerry L. Demings said. "I am also very proud of the results produced by the Housing for All Task Force. Their plan of action provides a clear blueprint for moving forward."
Universal today launched a website for the project at HousingForTomorrow.com. The goal is to have a developer in place by the first quarter of next year, with ground broken in 2022. The project will be overseen by a team of Universal Orlando managers and community leaders, including the co-chairman of Orange County's Housing for All Task Force and the president of the International Drive Resort Area Chamber of Commerce.
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