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
Join the St. Pete Innovation District and Keep Pinellas Beautiful for a morning of hands-on community stewardship and connection along 4th Street S between 11th Ave S and 18th Ave S.
Sharing space at the Maritime and Defense Technology Hub is creating new connections between the College of Marine Science (CMS), the Innovation District, and the Tampa Bay Ocean Team.
Success! St. Petersburg made history this morning as the first formation flight of electric aircraft took off from Albert Whitted Airport.