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Here’s how affordable housing is built in Central Florida
Average home cost in Central Florida is $315,000, study finds
Updated:
Here’s how affordable housing is built in Central Florida
SANFORD, Fla. – A new study from the Orlando Regional Realtor’s Association shows the average cost of a house in Central Florida is $315,000, driven by the booming population growth even through the pandemic.
That growth is also driving up rent prices, now averaging $1536 as reported by CoStar group making finding affordable housing or rent nearly impossible for those who are either on fixed or lower incomes, like Thellis Houck.
“I had to go from apartment to apartment and they were way too much, $1,500 dollars a month, I can’t afford that,” Houck said.
Affordable housing being built in historic Sanford neighborhood
Affordable housing being built in historic Sanford neighborhood
Community leaders believe revitalizing the neighborhood begins with making sure there are affordable homes because Central Florida is currently in an affordable housing crisis.
SANFORD, Fla. - Historic Goldsboro in Sanford is getting its first large-scale development in more than 20 years. Officials hope it will be a catalyst to revitalizing the neighborhood.
Wendover Housing Partners partnered with the Orlando Housing Authority and the Sanford Housing Authority to build a 16.3 million dollar affordable housing complex in the neighborhood.
The Monroe Landings apartment complex located at 375 S. Oleander Avenue is expected to open in late 2021 or early 2022. Initially, 60 units will open, followed by an additional 80. The complex will be about 300 units when finished. Rent is expected to be around $700 for a one-bedroom apartment and around $800 for a tw
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Universal Orlando unveiled this week the most detailed vision yet of the affordable housing project that it promised in December 2019 when it was seeking local tax money from Orange County to build a road to “Epic Universe,” a new theme park. Developers hope to build a neighborhood of 1,000 apartments in architecturally diverse buildings around parks and paths on 20 acres of vacant land .