{"id":250117,"date":"2026-04-28T20:11:07","date_gmt":"2026-04-28T20:11:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/250117\/"},"modified":"2026-04-28T20:11:07","modified_gmt":"2026-04-28T20:11:07","slug":"five-affordable-homes-proposed-for-city-owned-land-on-18th-avenue-south","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/250117\/","title":{"rendered":"Five affordable homes proposed for city-owned land on 18th Avenue South"},"content":{"rendered":"<p class=\"\" style=\"white-space:pre-wrap;\">Resale restrictions built into the ground lease would keep future buyers within similar income ranges, which would help preserve affordability for decades.<\/p>\n<p class=\"\" style=\"white-space:pre-wrap;\">Community land trusts, developed in the late 1960s, started to regain popularity after the 2008 housing crash cities looked for ways to create homeownership opportunities without losing affordability over time. <\/p>\n<p class=\"\" style=\"white-space:pre-wrap;\">By separating land ownership from the home itself, the model avoids the typical market pressures that can quickly push prices out of reach in growing neighborhoods.<\/p>\n<p class=\"\" style=\"white-space:pre-wrap;\">Bright Community Trust has delivered hundreds of homes through its land trust model, including several in St. Pete. <\/p>\n<p class=\"\" style=\"white-space:pre-wrap;\">Late last year, the organization submitted an unsolicited proposal to the City of St. Pete to develop two single-family homes at 974 23rd Avenue South and 835 Queensboro Avenue South. The city ultimately accepted that proposal, and those homes are expected to be delivered by the end of this year.<\/p>\n<p class=\"\" style=\"white-space:pre-wrap;\">The nonprofit typically builds homes at a cost of around $250,000, helping keep purchase prices within reach for qualified buyers.<\/p>\n","protected":false},"excerpt":{"rendered":"Resale restrictions built into the ground lease would keep future buyers within similar income ranges, which would help&hellip;\n","protected":false},"author":2,"featured_media":250118,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[202,204,203,199,201,200],"class_list":["post-250117","post","type-post","status-publish","format-standard","has-post-thumbnail","category-st-petersburg","tag-st-pete","tag-st-pete-headlines","tag-st-pete-news","tag-st-petersburg","tag-st-petersburg-headlines","tag-st-petersburg-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/250117","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=250117"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/250117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/250118"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=250117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=250117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=250117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}