Orlando converts hotel room into townhouse to tackle housing crisis

Apartments will have hurricane-proof windows and new air conditioners, among other things, according to Francisco Barberena, property manager. Orlando is the second least affordable market, with only 25 affordable units available for every 100 low-income households. According to the National Low Income Housing Coalition, there are only 36 affordable rental units available for every 100 low-income renter families.

” For someone or family that needs a clean, safe and accessible place it is almost an impossible task to rent an apartment and the demand to live in Orlando has increased. We always had a list waiting list and there are currently 100 people on that list for each of our properties,” said Mark Vengroff, developer at “One Stop Housing.”

The purchase of “Palm Gradens Orlando Apartments” came out at $7.150 billion. The redevelopment of the property is estimated at an additional $15,000,000 million, which is expected to add 150 multi-family units.