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St. Vincent de Paul CARES and Ability Housing, Inc., have received $28 million from the State of Florida to build 73 units of affordable housing in St. Petersburg.

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.


Inside The Story

Ability Housing

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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