Orange County Celebrates Groundbreaking of 100-Unit Affordable Housing Community for Seniors

Orange County, FL- Orange County celebrated the groundbreaking today of Osprey Sound, a new 100-unit affordable apartment community under construction at 5453 Rio Grande Avenue.

Developed by Denver-based Ulysses Development Group, Osprey Sound will feature one-, two-, and three-bedroom units designed for senior adults 62+ earning at or below 70 percent of the Area Median Income (AMI). The County supported the project with a $7 million contribution from its Affordable Housing Trust Fund, along with $378,000 in Impact Fee Waivers.

Mayor Jerry L. Demings, District 6 Commissioner Michael Scott, and District 3 Commissioner Mayra Uribe attended the groundbreaking ceremony.

"With housing developments like these, we are moving the needle in our community to make housing more affordable," said Mayor Demings. "The seniors living here will be incredibly blessed with a good place to live. This is going to uplift the entire community."

Since its creation in 2020, the Affordable Housing Trust Fund has allocated $58 million to support more than a dozen affordable housing projects, creating nearly 2,400 new affordable units. In October 2025, the Board of County Commissioners approved an additional $58.5 million investment over the next three years - expected to create or preserve an additional 3,570 affordable units.

Scheduled to open in Spring 2027, Osprey Sound will offer a variety of modern amenities, including in-unit washers and dryers, stainless steel appliances, walk-in closets, a fitness center, a business center, multipurpose space for resident activities and crafts, and a pool.

Learn more about the Affordable Housing Trust Fund and track the progress of projects here: Housing For All