
Affordable-housing complex underway in downtown Orlando [FL] (Orlando Sentinel, FL)
Orlando Sentinel
(9/10/2014 5:08 PM, Mary Shanklin)
Atlantic Housing Partners has started work on the first affordable-housing development in downtown Orlando since the recession. Located at Hughey Avenue and West Concord Street, immediately west of Interstate 4, Lexington Court will have 104 units in four stories. Monthly rents are expected to be in the mid-$700 range — far below the going rate for the downtown area. The relatively low-cost apartment project follows the construction of several market-rate complexes downtown. The average rent for the downtown area was $1,206 during the first quarter, according to Real Data Apartment Index. Asking rents are more than $2,200 monthly for several premium units at the new SkyHouse midrise, which is next to the Orange County Courthouse. Pricing for Lexington Court will fluctuate with the area’s median income. "Our goal is to provide high-quality rental housing in a downtown location near public transportation at an affordable price point," said Lori Trainer, vice president of corporate public relations for Southern Affordable Services Inc.
PD&R Leadership Message Archive
International & Philanthropic Spotlight Archive
Spotlight on PD&R Data Archive
Publications
Collecting, Analyzing, and Publicizing Data on Housing Turnover
Resilience Planning: What Communities Can Do to Keep Hazards from Turning into Disasters
Cityscape: Volume 26, Number 3
Case Studies
Case Study: Former School in Charleston, South Carolina, Transformed into Affordable Housing for Seniors
Case Study: Avalon Villas Combines Affordable Housing and Services for Families in a Gentrifying Phoenix Neighborhood

The contents of this article are the views of the author(s) and do not necessarily reflect the views or policies of the U.S. Department of Housing and Urban Development or the U.S. Government.
Note: Guidance documents, except when based on statutory or regulatory authority or law, do not have the force and effect of law and are not meant to bind the public in any way. Guidance documents are intended only to provide clarity to the public regarding existing requirements under the law or agency policies.