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Disney Advances Affordable Housing Project in Florida

Disney's proposed "attainable housing" development in Florida has secured a crucial stormwater and drainage permit.

 

đź“… Today's Story: Disney's proposed "attainable housing" development in Florida has secured a crucial stormwater and drainage permit, bringing the project closer to realization. This initiative aims to provide nearly 1,000 affordable housing units within a larger 1,369-unit multifamily development.

Disney Advances Affordable Housing Project in Florida

via Planetizen

Disney Advances Affordable Housing Project in Florida

đź“° What Happened: Disney's "attainable housing" project in Florida has received a stormwater and drainage permit from the South Florida Water Management District. This approval is a significant milestone for the development, which spans over 103 acres and includes a 1,369-unit multifamily complex. The project is partially situated on Disney-owned land.

🔍 A Closer Look: The development will utilize 80 acres of Disney-owned land, with almost 1,000 units designated for affordable housing. The permit outlines that a portion of the site features an existing rapid infiltration basin and wooded areas. Supporting infrastructure will also be built to accommodate the multifamily community.

đź§  Why It Matters: This project highlights Disney's commitment to addressing housing affordability in Florida, potentially easing housing pressures in the region. The development's progression could serve as a model for other large corporations considering similar initiatives, showcasing the impact of corporate involvement in tackling housing shortages.

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