Volunteers of America of Florida broke ground November 5 with a new affordable project on 5th Avenue South. The project will bring 50 new affordable mixed-use housing units to the market and is aimed at low-income earners.
“After the pandemic, affordable housing became even more complicated to build because of inflation and the cost, higher construction costs,” said Janet Stringfellow, president and CEO of Volunteers of America of Florida. “But we were able to master these challenges thanks to our community partners.” Stringfellow says there are currently 2,400 people in St. Petersburg who need an apartment without calling home. And the problem keeps getting worse. As the development of affordable housing projects is becoming more and more expensive, wages are stagnating and housing and rental prices rise by 20-30%, the demand is growing faster than affordable housing can become available.
To learn more: Groundbreaking on 50 Affordable Homes in St. Pete
source: SPID Nov/Dec Newsletter
District organizations are taking time to give back to the community, especially with youth. Thank you to everyone for your efforts to inspire the next generation of our STEAM workforce.
The Innovation District has had many celebrations over the first few months of 2022. Its been a whirlwind.
Duke Energy is finalizing a new state-of-the-art substation in the St. Pete Innovation District. This unique facility is changing not only the look of a traditional substation but increasing safety and performance. Watch the video above to learn more.