SANFORD, Fla. — A new 71-unit workforce housing community is set to begin construction in Sanford by the end of the year, following a unanimous decision by the city to move forward with the project.
The development, located in District 4, is expected to be completed within 12 months.
EcoVision Homes, founded in 2020 by Vasu Persaud, is spearheading the project. Persaud, who has over 20 years of experience as a civil engineering consultant in land development, was drawn to the property due to its potential to meet the high demand for workforce housing and home ownership.
“One of my longtime clients brought me this property because he knew I was looking for land in an area with a strong demand for housing and home ownership,” Persaud said. “The city of Sanford is an amazing place with a vibrant community and excellent transportation links. It was the perfect fit for our project."
The new development will feature 71 eco-friendly townhomes specifically tailored to the needs of the local workforce community. Approved by the Planning and Zoning Commission in January, the project promises more than just housing. Persaud aims to create a community that offers residents opportunities to learn important life skills, such as entrepreneurship and tax savings.
“We're trying to implement a new version of an HOA that includes courses on entrepreneurship and tax savings. These are essential skills that many traditional HOAs don't provide,” said Persaud.
The community will offer various housing options, including lease, lease-to-own and sale, to meet the diverse needs of residents. There will be no stringent qualifications or requirements for potential homeowners.
“My goal is to ensure that if you can currently afford your rent, our housing will be slightly more affordable. We are targeting the workforce community, and we want to make home ownership accessible,” said Persaud.
Units are expected to be listed on the market towards the end of the year.