Nestled in the heart of Orlando, the 52 at Park development will comprise eight residential buildings, offering a range of apartment sizes and amenities tailored to meet the diverse needs of residents. Apart from providing high-quality, affordable homes, this groundbreaking project is committed to energy efficiency and sustainability. The property will feature a sprawling solar installation, offsetting 100% of the community’s electricity needs, and making it one of the first affordable housing developments in Orlando to achieve complete solar offsetting.
LAC’s commitment to sustainability extends beyond the use of renewable energy. The development will also incorporate energy-efficient appliances, low-flow fixtures, and sustainable building materials, ensuring long-term savings for residents while reducing the environmental footprint of the community.
The financing for this project was secured through a collaborative effort involving multiple entities, including the Orange County Housing Finance Authority, Freddie Mac, Berkadia, Deutsche Bank, and the Florida Housing Financing Corporation. This strategic partnership underscores the shared commitment to addressing the critical shortage of affordable housing in Orlando.
As a subsidiary of the nationally recognized developer, investor, and operator of affordable and workforce housing, LAC brings a wealth of experience and expertise to this project. With a proven track record of developing high-quality, sustainable homes for low- and moderate-income individuals, seniors, and families nationwide, LAC is deeply invested in the well-being of the communities it serves.
The groundbreaking ceremony for 52 at Park was graced by LAC leaders, local lawmakers, and partners, who gathered to celebrate this significant milestone. The project is expected to generate positive economic impacts within the community, creating job opportunities during construction and providing long-term employment opportunities upon completion. It will also contribute to the overall vitality and growth of Orlando.
LAC’s unwavering commitment to sustainability and affordable housing is evident in the development of 52 at Park. This project is a testament to the organization’s mission of providing high-quality, environmentally responsible homes for those who need it most.
