Disney World Unveils Affordable Housing Plan in Florida - CNET

Disney World affordable housing — Concept art for the community, which is currently in its early planning stages.
Disney

The Walt Disney World Resort in Orlando, Florida, has set aside almost 80 acres of land to build affordable housing. The development is still in its early planning stages, Disney said Wednesday, and subject to approvals.

The community would include about 1,300 units in "a variety of home choices" near the Disney World theme parks. It'll be available for both the general public and cast members working at Disney World.

It will also be close by the Flamingo Crossings Town Center retail and dining area, which is being expanded. Flamingo Crossings is about a 15-minute drive to the Magic Kingdom and Epcot, and 10 minutes from Animal Kingdom and Hollywood Studios.

"The lack of affordable housing is affecting many people across our country," said Jeff Vahle, president of Walt Disney World Resort. "With this initiative, we're lending a hand to make a real and meaningful impact in our community by tapping into the best of our company's strengths."

The news comes two months after Disney announced a series of more upscale housing communities, called Storyliving by Disney. The first Storyliving neighborhood will be located in Rancho Mirage, California, in the Greater Palm Springs area, and includes condos and single family homes. It also has zoning approval to build a hotel and dining, shopping and entertainment offerings, and there will be a 55-plus area of the community for older residents. Disney plans for there to be a 24-acre "grand oasis" at the center of that neighborhood.

Disney World already also has a community for the ultra wealthy, called Golden Oak, where houses now range from $4 million to $16 million.

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