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
Port Security Conference – November 4 and Underwater Minerals Conference – November 9 - 14
Thank you to all the ARK Innovation Center and Maritime & Defense Tech Hub tenants who joined us for Rowdies Networking Night with the Chamber! It was one of our first social events together and it rocked. We loved connecting outside the office and cheering on the team from the Bayshore Lounge.
We’re deep into drafting the Tampa Bay Ocean Strategy, a bold blueprint to spotlight our rising ocean economy and the region’s strategic edge. With a clear, unified message, we’re positioning Tampa Bay to attract national attention and future investment.