Seminole County prepares new Sanford affordable housing project

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

Seminole County is working on a number of projects to meet the affordable housing needs of residents.

Read: YouTube banning all anti-vaccine content

A county attainable housing plan showed that out of 167,549 households, about 26% of households -- or 44,750 -- were cost burdened by paying 30% or more on housing. In comparison, the county currently has roughly 5,421 units required to maintain affordability through the federal Low-Income Tax Credit (LIHTC) Program.

That’s why the county has identified priorities to diversify the types of housing available, preserve existing inventory and create more housing and funding resources such as incentives.

Read: SunRail train, semi truck & 2 cars involved in Orange County crash

In fact, the county already is busy with several projects in the works.

Click here to read Ryan Lynch’s story on the Orlando Business Journal’s website.

Read: ‘She gets back in & drives off’: Man says he has video of DoorDash driver’s hit-and-run crash

Video: Real estate investors scoping up Orlando properties, limiting affordable housing options The number of properties being scooped up by real estate investors across Orlando is 170% higher rate than a year ago. (Angela Jacobs, WFTV.com)

Cox Media Group