Osceola County loans developer $4.5 million for affordable housing project

The Orlando Sentinel reports that, in an effort to increase the availability of affordable housing within the county, Osceola County commissioners have sanctioned a $4.5 million loan to developer Pinnacle for their community, Pinnacle at the Wesleyan. Its 96 units will be priced at or below 80% of the area’s median income for a duration of 50 years. Construction of the apartments, which will predominantly feature two bedrooms, is slated to commence in December, with an anticipated opening in May 2026.

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