The Michaels Organization Tapped By Walt Disney World To Develop Accessible Housing | Housing Finance Magazine

Courtesy of Walt Disney World
The 80-acre affordable and accessible housing initiative in southwest Orange County, Florida will include more than 1,300 units on Disney land. It will be located a few miles from downtown Flamingo Crossings, a district of hotels, shops and restaurants developed by Walt Disney World.

Walt Disney World has selected The Michaels Organization, one of the nation’s leading affordable housing owners and developers, to build, own and operate a new accessible housing community in Central Florida. Walt Disney World is contributing approximately 80 acres of land in southwest Orange County for the development, which is expected to include more than 1,300 units.

According to Walt Disney World, he chose The Michaels Organization for its long history of building and managing affordable housing communities. The company ranked #4 on the Affordable Housing Finance list of AHF 50 Developers this year, and it continues to hold the No. 1 spot on the List of AHF 50 ownerswith more than 47,000 units as of January 1.

“For more than 50 years, Walt Disney World has cared for and invested in our community, and we are committed to being part of this solution that will bring more accessible homes to Central Florida,” said Jeff Vahle, president of Walt Disney. World station. “We will continue to find ways to use our resources to make a difference in the community we call home, and we are thrilled to take this step with a nationally recognized developer.”

Disney will work with The Michaels Organization throughout the design and construction of the community. The development will provide affordable options for eligible residents in certain income levels, including Disney cast members, as well as the creation of new jobs in Central Florida during construction and community operation.

“We are thrilled to work with an iconic brand like Disney to provide affordable housing for the Central Florida community,” said Michaels CEO John J. O’Donnell. “Our goal is to create a replicable model that we hope will inspire other businesses and municipalities to create high-quality, accessible housing in their own communities.”

According to the partners, the development should be financed by private funds. In addition, it will build on Orange County Mayor Jerry L. Demings’ Housing for All action plan to address housing affordability in the area.

Aubrey L. Morgan