A year ago, Walt Disney World announced it would be building an affordable housing development on the west side of the property, and this week, new details were released.
Walt Disney World President Jeff Vahle and the Disney team working on this project met earlier this week with leaders from The Michaels Organization, and here are some of the significant news announced.
The first nuggest of news from Disney says this affordable housing development is anticipated to complete its first units in 2026.
Groundbreaking for the build, which was first announced in April 2022, is set for next year in 2024.
Disney says it has also expanded the overall plan from 1300 to 1400 units. That’s 100 more units of affordable housing for Central Florida residents, which is always a good thing.
The units will be a mixture of accommodations, to house everyone from single residents to families. When ready, the community will accept applications from the general public, including cast members, but will be limited to applicants within a certain income range.
The Michaels Organization, a nationally recognized developer, will build and operate the property for The Walt Disney Company.
The nearly 80 acres of land Disney has contributed for this project is in a spot west of State Road 429, and a few miles north of the new Flamingo Crossings Town Center.
It will have easy access to the Walt Disney World theme parks, and it will also be located near schools, restaurants, and shopping.
Affordable housing is much needed in Central Florida, especially by cast members that have to find roommates just to be able to afford the current rents on apartments close to work.
In the Flamingo Crossings Town Center area, The Walt Disney Company also runs the Flamingo Crossings Village, which houses cast members (mostly College Program) in dormitory-style apartments that fit two or four people.
Disney said the project’s construction and operation will also create new jobs in Central Florida, which is another plus.