Financing and Groundbreaking
Housing Trust Group (HTG) has successfully secured financing for its first development project in Orange County, Florida, marking a significant milestone for the organization. Following the acquisition of funds, HTG has officially broken ground on the highly-anticipated Grand East Village in Orlando. This groundbreaking event represents a major step forward in the realization of this ambitious development.
Project Details
Named Grand East Village, the development is valued at an impressive $30 million. Once completed, it will offer 92 high-quality apartments, tailored specifically for senior residents. These apartments will provide affordable housing options to the senior community in Orlando, ensuring that this demographic has access to safe, comfortable, and economically feasible living conditions.
Affordable Housing
One of the core objectives of the Grand East Village is to address the urgent need for affordable housing within the senior population. The project will feature modern amenities and well-designed living spaces, all structured to meet the unique needs of senior residents. By focusing on affordability, the development aims to alleviate some of the financial burdens faced by many seniors in securing stable housing.
Partnership
The Grand East Village is the result of a collaborative partnership between Housing Trust Group, AM Affordable Housing, and the Prince Hall Grand Lodge. This multi-partner approach highlights the commitment of the involved organizations to collectively enhance the availability of affordable housing in the community. Each partner brings unique strengths and resources to the table, ensuring the project’s success and sustainability.
Location
Strategically located in Orlando, the Grand East Village project marks Housing Trust Group’s entry into the Orange County, Florida market. This expansion demonstrates HTG’s dedication to extending its reach and impact, particularly in areas where the need for affordable housing is acute. Orlando’s vibrant community and growing population make it an ideal location for such an initiative.
Through this development, Housing Trust Group, AM Affordable Housing, and the Prince Hall Grand Lodge are taking significant steps towards providing much-needed affordable housing solutions. The Grand East Village stands as a testament to the power of strategic partnership and community-focused development, promising a brighter future for senior residents in Orlando.
