Poinciana, a Florida community located near Kissimmee and Disney, will soon have an upscale apartment community called The Fountains of San Remo Court. It is expected to create over 250 new jobs for Poinciana which has been extremely hard hit by the foreclosure situation.
Atlantic Housing Partners will build the community of 130 apartments ranging from one to four bedrooms. Apartments are expected to rent for $600 to $950 per month. Units will have energy efficient, stainless steel appliances and ceramic tile floors. Granite counter tops are also featured. The apartment community amenities include swimming pool, clubhouse, playground, putting green and dog park.
The project is being built with the assistance of Federal Housing Tax Credits which will facilitate health care professionals, firefighters, police and teachers to have these new apartments at attractive prices.
Although not a large project by local comparisons nonetheless this project should help Poinciana in the short term by providing many jobs and perhaps some renters for properties whose owners are on the verge of financial difficulty. Long term there will be an additional 130 families participating in the life of the community, increasing the need for local support jobs.
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