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New workforce housing townhomes coming to south St. Petersburg

Namaste Homes building 11 townhomes
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Posted at 6:12 AM, Oct 27, 2020
and last updated 2021-06-18 09:05:57-04

ST. PETERSBURG, Fla. — St. Petersburg City leaders are taking the next step Tuesday to bring workfroce housing into South St. Petersburg.

As property values in Pinellas County continue to climb, it can end up forcing some families out. So now, a new $2.5M complex is set to go in at the Northwest Corner of 16th Ave. S and Dr. MLK Street South in St. Petersburg.

Recently, the South St. Petersburg Community Redevelopment Area is approved funding that finances the units.

The design includes 11 units in total, which are three-bedroom, 2.5 bathroom homes. The total living area for each unit will be approximately 1,280 square feet. The units start at $235,000.

The units are designed to attract those in the workforce, like teachers or city workers. The median income for the development will be between $80-$120K. But, that doesn't mean someone who makes more or less wouldn't qualify.

Namaste Homes, the developer on this for this project, is also working on a similar complex in Pinellas Park, where units start at $175,000.

There are pre-sales going on for both sites now.