Amenities include an outdoor play area, a club room, a library with a computer area, a fitness center, and ample bike parking.<\/p>\n
The $24.9 million second phase of the development was made possible primarily through $13.75 million in construction bonds issued by the Pinellas County Housing Finance Authority through a private placement with TD Bank.<\/p>\n
Additional funding included $6.5 million from the City of St. Petersburg, $3.4 million from Pinellas County\u2019s Penny for Pinellas program, and $2.125 million in SAIL and National Housing Trust Fund (NHTF) financing from the Florida Housing Finance Corporation.<\/p>\n
The project also leveraged approximately $10.9 million in 4% tax credit equity from Raymond James Affordable Housing Investments and a $2.2 million permanent loan provided by Raymond James Bank.<\/p>\n
\u201cOver the past five years, since we put a shovel in the ground, the changes have been incredible \u2014 new housing units, improved transportation, and commercial developments like Zaxby\u2019s and Sprouts. We are extremely excited to see what\u2019s happening here, but what I\u2019m most excited about is being able to preserve affordability,\u201d said Macdonald.\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Amenities include an outdoor play area, a club room, a library with a computer area, a fitness center,…\n","protected":false},"author":2,"featured_media":118289,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[202,204,203,199,201,200],"class_list":{"0":"post-118288","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-st-petersburg","8":"tag-st-pete","9":"tag-st-pete-headlines","10":"tag-st-pete-news","11":"tag-st-petersburg","12":"tag-st-petersburg-headlines","13":"tag-st-petersburg-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/118288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=118288"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/118288\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/118289"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=118288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=118288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=118288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}