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