Multi-Family Affordable Housing

The City will use $23.8M to provide gap financing for the construction of multi-family affordable housing, with all units at or below 80% Area Median Income (AMI).

The pandemic underscored the importance of having a safe place to shelter and raise families. The selected multi-family projects will address demand for and increase the supply of affordable housing units for low- and moderate-income households in St. Petersburg.

The Request for Proposal/Notice of Funding Availability was issued on June 1, 2022, with responses due on June 30, 2022. There were seven multi-family responses received through the RFP. The project review team met on August 9, 2022, to evaluate the responses received. City Council approved appropriations for the selected investments on October 20, 2022. The total request for funding for this project is $23,803,605. The City also plans to utilize Penny for Pinellas funding and HCIP funding, in addition to ARPA funding, to provide support to all 7 projects that applied to this RFP.

Housing Created

Below is a list of each development and the total number of affordable housing units being created: