KISSIMMEE, Fla. - A Sarasota investor who bought an old motel to turn it into affordable housing in Osceola County told Eyewitness News that families could be living in the units by Christmas.
Channel 9’s Jamie Holmes reported last month when Travis Vengroff bought the old Travelodge along U.S. Route 192 in Kissimmee.
Vengroff spent $5.5 million to renovate the motel and turn it into affordable housing.
"It's really a no-brainer. If you can identify a good property and get a good team, it can be brought to life very quickly. There's a hunger for it in the community, for affordable housing,” Vengroff said.
The units will have the usual amenities, but the best part will be the price, at $750 a month. The only catch for a tenant is that they must have a job.
"We're making sure they're employed, that they are not a child molester, a drug dealer, violent offender or have been evicted in the last several years,” Vengroff said.
Vengroff said his focus is on housing the more than 3,000 homeless students in the county. Vengroff said he will house 33 families by Christmas, many with multiple children.
"We have 250 rooms we'll be bringing online by this time next year,” Vengross said. “You can do a world of good, and also help yourself out and make a little bit of money, while doing good for the community."
The company is accepting applications now for affordable housing. People can apply here.
© 2017 Cox Media Group.