ORLANDO, FL – The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, announced the financial closing and groundbreaking of Alora Lofts, an 88-unit affordable housing community in Kissimmee, Florida, 18 miles south of Orlando. The development will provide high-quality, accessible housing for individuals and families earning between 30% and 70% of the Area Median Income (AMI).
“Alora Lofts represents an important step in The NRP Group’s broader affordable housing strategy in Florida at a time where the region is experiencing unprecedented population growth and housing affordability challenges,” said Bill Zunamon, Vice President of Development at The NRP Group. “What excites us most about this project is the opportunity to bring much-needed affordable housing to a well-located, high-demand neighborhood without compromising on design, quality or residents’ overall experience. This is our first affordable housing project in Florida in over a decade, and we are proud to partner with the city to deliver critical housing for the residents of Kissimmee for generations to come.”
Alora Lofts is a single, four-story building located on a 4.49-acre site, and features a mix of one-to three-bedroom apartments designed to accommodate families of varying sizes. Strategically located at 1300 Windsor Drive along the John Young Parkway corridor, the development will offer residents convenient access to community amenities, public transit and employment centers throughout Central Florida…