One year ago, Walt Disney World announced its plans to contribute nearly 80 acres of company-owned land to facilitate the creation of an affordable and attainable housing development in Central Florida. The unique land contribution aims to make a lasting impact on the community, addressing the issue of housing affordability.
Significant progress has been made since the initial announcement, with groundbreaking for the development expected to occur next year. The completed housing units are anticipated to be ready for occupancy by 2026. Additionally, Walt Disney World has expanded its vision for the project to include approximately 1,400 total units, an increase of over 100 units from the original proposal. The company seeks to offer increased access to attainable housing for Florida families, while also creating new job opportunities in the construction and operation of the development.
The Michaels Organization, a nationally recognized developer, has been selected to build and operate the property. The location of the development is strategically situated just a few miles from the Magic Kingdom and in close proximity to schools, shopping, and the Flamingo Crossings Town Center, which continues to expand its retail and dining options. The development, which is planned to be privately financed, will have eligibility requirements limiting applicants to those within a specific income range.
Walt Disney World President Jeff Vahle and company representatives met with leaders from The Michaels Organization to discuss the project and its potential to inspire other community and national stakeholders to support innovative solutions to the housing affordability issue.
Disney’s commitment to community engagement extends beyond this housing initiative. The company recently partnered with the Coalition for the Homeless of Central Florida for the grand opening of a newly renovated youth center, which received a $100,000 grant from Disney. Furthermore, both Walt Disney World and Disneyland Resort made significant contributions totaling over $300,000 to local community food banks last year to assist families in need.
Disney plans to share additional details about the development, including application information for qualifying individuals, as it becomes available. In the meantime, the company will continue its efforts to bring this important initiative to fruition. For more information and updates, visit DisneyFlorida.com.
