ORLANDO, Fla. — This week, city leaders approved the third and final affordable housing parcel in Creative Village.
The Beacon will have 190 mixed-income, multi-family residential units along West Amelia Street.
Under this agreement:
- 15%, or 12 units, will be for very income tenants with incomes 30% or less of the area median income.
- 56%, or 45 units, will be for tenants with incomes 60% or less of the area median income. -22%, or 18 units, will be for those with incomes 80% or less of the area median income.
- 4% will be at market rate.
As for the remaining units, a spokesperson told Channel 9 that those units are not subject to this agreement but will remain affordable to the area median income.
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