Winter Park secures loan to assist with new employee housing

In an effort to curb the lack of local housing for Winter Park Resort workers, local leaders and the operators of the resort will move forward with employee housing in a public-private partnership that could serve as a model for other resort towns.

D.A. Davidson’s Special District Group in partnership with Alterra Mountain Company closed a $39.55 million syndicated loan for employee housing. Located off U.S. Highway 40 and Winter Park Drive, this project includes a 332-unit residential community made to accommodate the employees of Winter Park Resort, according to a news release.

Construction is expected to be completed by the fall.