ST. PETERSBURG, Fla. — St. Petersburg City leaders are taking the next step Tuesday to bring affordable 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.
Tuesday, the South St. Petersburg Community Redevelopment Area is set to approve funding that finances the affordable 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.
So what does it take to qualify? A family of one person needs to make less than $59,000 a year and a family of four needs to make less than $89,000 per year.
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.