- Orange County terminated a developer’s agreement with Hannibal Square Community Land Trust for a 24-unit affordable housing project due to financial issues and delays.
- The $8.1 million Cornerstone at Sixth project in Apopka failed after foreclosure action was filed on a $6.425 million construction loan.
- Orange County approved $1.5 million from its Affordable Housing Trust Fund for the project, which was meant to be completed by October 2025 but will not proceed.
Orange County officials quietly terminated a developer’s agreement with the Hannibal Square Community Land Trust for a 24-unit affordable townhome project in Apopka, citing financial instability and a lack of construction progress as the reasons.
Known as Cornerstone at Sixth, the development would have been built in the heart of the Apopka Community Redevelopment Area (CRA). The estimated $8.1-million project was meant to provide affordable housing options as a mixed-income development, including a pocket park and pavilion, on 2.53 acres at 350 E. Sixth St.
An April 7 letter, not previously reported, served as written notice of Orange County’s termination of the agreement. It confirmed that the agreement is ending “for cause, as a result of the Agency’s default,” effective 24 hours after Hannibal’s receipt of the notification…