Florida Awards $28M for 73-Unit Affordable Housing Community in St. Petersburg
St. Vincent de Paul CARES and Ability Housing, Inc. — operating as a joint venture called Ability SVDP, LLC — have received $28 million in funding from the State of Florida to build 73 units of affordable housing in downtown St. Petersburg.
Vincentian Villages will be adjacent to Center of Hope shelter and serve individuals and families earning 60% or less of the area median income. Fifty percent of the units will be reserved for those exiting homelessness, including at least 5% given to homeless veterans. A minimum of 15% of total units will be rented to households that require special support.
The development’s intended residents will have access to individualized and community-based support services. The site was selected to ensure residents have access to public transportation, primary and behavioral healthcare, and employment hubs; training in basic daily living skills; and assistance with improving employability. These needs will inform the site and building design.
- ◦Development
