City Starts Accepting TIF Grant Fund Applications May 31
St. Petersburg began accepting applications for Tax Increment Financing, or TIF, Grants designated for the South St. Petersburg Community Redevelopment Area on May 31. Designed to help boost private investment by property owners and/or businesses in commercial and multifamily residential development, TIF funding is an important component of an innovative, 30-year revitalization plan for South St. Pete -- an area generally between 4th St. and 49th St., from 2nd Ave. N. to 30th Ave. S.
CRA TIF funding for this first year includes about $282,000 for Business and Workforce Development and about $188,000 for Housing and Neighborhood Revitalization.
More information and applications for each of the five financial programs are available online, at www.stpete.org/SouthsideCRA. A brief “CRA White Board” video illustrating the community redevelopment program and this grant funding process is available for viewing, at https://youtu.be/LLHiGXeTHCw.