$5.6 million grant to fund new affordable housing project in Osceola County

The Osceola Council on Aging broke ground on a new affordable housing project in Buena Ventura Lakes on Tuesday.

The 60-one-bedroom development, called Buen Vecino, is being built with money from a $5.6 million grant from the U.S. Department of Housing and Urban Development.

“Housing supply is a solvable issue and the best thing we can do to ease the cost burden is to boost the supply of quality housing, including building more new homes and preserving existing federally supported and market-rate affordable housing,” said Jose Alvarez, HUD Southeast Regional Administrator.

The complex will serve people age 62 and older.

Applications for rentals in the complex are set to open by the end of the year.

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