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
Last week St. Pete Innovation District hosted its 6th State of Science and Innovation. This event highlights innovators who are doing creative, thought-provoking, and impactful work. This is always a favorite event of the year and once again the event didn't disappoint.
The Girl Scouts of West Central Florida name Alison Barlow - Executive Director of the St. Petersburg Innovation District - as one of their 2024 Woman of Distinction.
For entrepreneurs, this network of support organizations can be challenging to navigate. The hope is that this map helps direct entrepreneurs to the best possible resources.