Orange County’s Housing for All Initiative Funds Affordable Options for Residents
County approves funding for two affordable multi-family projects that include over one hundred units for seniors
Orange County, Fla. – The Orange County Board of County Commissioners has approved financing for two affordable housing projects on the County’s west side that will provide rental housing for mixed-income and senior renters.
The Board approved up to $13.5 million in Housing Revenue Tax Exempt Bonds to purchase and rehabilitate Silver Lakes Villages Apartments. The existing 104-unit apartment complex is in the Rosemont area and offers housing for low-income seniors (62 years and older).
The Board also approved providing $9.3 million of Affordable Housing Trust Fund and American Rescue Plan Funds for Barnett Villas, a 156-unit, affordable rental housing complex to be built near Barnett Park. It is anticipated to be completed by October 2024.
The Housing for All Task Force was convened in 2019 to provide practical and long-term solutions to the affordable housing crisis. Since then, Orange County has made the implementation of recommendations from the task force a top priority, with a focus on affordable senior housing.
For more information on the Housing for All Task Force, visit ocfl.net/HousingForAll.