208-unit affordable housing community in Orlando rehabilitated by investment group

An affordable housing community that is home to nearly 800 residents in Orlando has been significantly rehabilitated and upgraded after it was purchased by an investment group.

That group, Lincoln Avenue Capital, completed the purchase of the 208-unit Valencia Park Apartments in January 2021. As part of the rehabilitation, the property, which is located at 532 Park Tree Terrace in east Orlando, had its affordability restriction extended for 30 additional years.

“Lincoln Avenue Capital is a mission-driven company that works to strengthen communities through affordable housing,” said LAC CEO Jeremy Bronfman. “We are proud to expand our impact in Orlando by providing high-quality, sustainable homes.”

The company implemented multiple upgrades to individual units including new kitchen appliances, countertops, and vinyl plank flooring. All of the property’s buildings were re-painted and outfitted with new windows, and HVAC and electrical system improvements were made.

Additionally, the site’s accessibility was improved through the installation of new wheelchair-accessible paths throughout the property.

“I am thrilled about the recent renovations. It almost feels like I am living in a new place entirely,” said resident Kim Lopez, who has lived at Valencia Park since 2015. Lopez says that the upgrades have “made a positive impact” on her daily life.

Valencia Park’s amenities include a swimming pool, playground, and basketball court. The property management and resident services teams say they will continue to provide residents with opportunities to connect through community picnics, holiday parties and programming for children on a regularly scheduled basis.

Most Popular

College Park hosting tree lighting ceremony

College Park will host a tree lighting ceremony this weekend.

Popeyes closes Winter Park location near multiple competitors

A Popeyes located next to multiple chicken restaurants in Winter Park has permanently closed its location after over 20 years in business.

Multicultural festival at Dr. Phillips Center this weekend

The Seneff Arts Plaza at the Dr. Phillips Center for the Performing Arts will host its fifth annual Multicultural Festival this weekend.

73-year-old Eustis man missing out of Kissimmee

The Osceola County Sheriff's Office is asking the public for help to locate a 73-year-old man who has been missing since Thursday afternoon.

21-year-old motorcyclist killed in Seminole County accident

A 21-year-old man was killed last night after his motorcycle was struck by another vehicle while he was attempting to turn.

Orlando officials break ground on new fire station

On Tuesday, November 22, Orlando Mayor Buddy Dyer, Orlando Fire Chief Charlie Salazar, and members of the Dover Shores community celebrated the groundbreaking of the new Orlando Fire Department Station 11.
Orlando
broken clouds
65.4 ° F
68.1 °
60.1 °
85 %
1mph
75 %
Mon
78 °
Tue
81 °
Wed
83 °
Thu
77 °
Fri
77 °