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
We will host another Trolley Tour and Happy Hour on Friday, June 13th. You will board a trolley with other Innovation District partners and learn about the history and future plans for the area. This tour will feature stops at Albert Whitted Airport, Florida Institute of Oceanography, and The Dalí Museum. The tour will conclude back at the Hub with a networking happy hour.
April’s Tech X-change was a hit, thanks to an engaging presentation from Digital Twin Marine. Shoutout to all the Eckerd College students who joined us! The audience was curious and interactive, asking great questions and eager to try out the virtual reality headset.
April’s event, Morning Sparks: Innovation X-change (GIS...Beyond Mapping) was postponed, but we're still buzzing with ideas. Whether you're a mapping enthusiast or not quite sure what GIS even stands for, we’d love to know: is there a topic you'd like us to explore next? What kind of innovation in this space sparks your curiosity?