A real estate developer has opened a housing community in Sanford, FL, a city located just under 30 minutes away from Orlando to local homeless residents in the area. The Orlando Business Journal says Altamonte Springs-based Wendover Housing Partners LLC opened the 81-unit apartment community called Warley Park this month and will allow residents to come and live there using housing vouchers. Not only will the apartment complex give homeless residents a place to stay, but it also provides them with access to on-site case managers who can assist them with accessing mental health care, childcare, job training, and more, according to the source.
Although Warley Park is a community that took over three years to create, the source says “its opening comes at a crucial time for the region” as there is a “lack of affordable housing.” Ryan von Weller, who is a development associate for Wendover’s Florida office, shared with the Orlando Business Journal that the “funding mechanism” that provided the most financial support for the project was the “federal 9% tax credit, which [he says] is highly competitive.”
Weller says the tax credit is “allocated to homeless developments scarcely, about once a year.”
Another interesting piece of information Weller shared regarding his new development are the benefits of having caseworkers on site. Weller said that when you’re dealing with chronic homelessness, you’re likely to encounter someone with some sort of mental illness. He says this could be Post-Traumatic Stress Disorder (PTSD) or previous drug addiction issues. Weller explained that the case managers he and his team have working on-site are trained to help people who may be suffering from one or more mental health issues.
Weller believes “Warley Park’s approach to homelessness will make an impact beyond simply providing a place to stay.”
Are you and your team in the process of working on a new development in the Orlando, FL area?
Whether the project is large or small, it is important that you have the right team working behind you. And an Orlando, FL real estate lawyer should be a part of that team. From contracts to closings, a real estate attorney is going to ensure you are clear on all the terms you are agreeing to. In the event you are looking for a commercial property to start your new project in, you will need a lawyer to review certain documents like lease agreements to ensure they are clear and concise, and outline what your obligations are to the landlord.
If you are going to discuss your latest project with a real estate attorney in Orlando, FL so that you can begin working on the first phases, contact Legal Counsel P.A.
Legal Counsel P.A. has an office in Orlando which is located at:
189 S. Orange Avenue, Ste. 1800
Orlando, FL 32801
Email: [email protected]