Florida Construction News staff writer
St. Pete’s “housing opportunities for all” plan just received a multi-million dollar funding boost.
The new $2.1 million commitment approved by city council July 14 will expand affordable and workforce housing options and green light the construction for dozens of new homes in the South St. Petersburg Community Redevelopment Area (CRA).
“People are looking for impactful opportunities to protect and nurture their families, which means safe neighborhoods and high-quality housing that is stable and affordable,” said St. Petersburg Mayor Kenneth T. Welch. “We are not only strengthening our partnership with Namaste Homes, Habitat for Humanity and CHAF Properties to produce and build the homes, but also ensuring a lower mortgage interest rate and greater affordability for families and individuals.”
Funding will impact the completion of at least 60 units of affordable and workforce housing:
- Namaste Homes $1 million
- Habitat for Humanity $640,000
- CHAF Properties $300,000
- Other Single-Family Developers $140,000
For an in-depth look at the housing opportunities for all plan, visit www.stpete.org/affordablehousing.
