Housing-based opportunities for CRA residents, homeowners & developers are now available! Fill out the below online form and a member of the CRA team will get in touch with you regarding next steps.
These programs will support both single-family homeownership and the development of multifamily residential.
Funding will be made available on a first come, first served basis.
Affordable Residential Property Improvement Grant reimburses approved applicants for eligible exterior and interior improvements on affordable residential housing in the CRA. An applicant may receive a reimbursable grant equaling up to 40% of the pre-construction value of eligible improvements. Example Application
Affordable Multifamily Housing Development Program provides an annual incentive for up to 15 years to promote the development of affordable housing in the South St. Petersburg CRA. The incentive, which must first be approved by City Council before undertaking construction, is based on the following formula:
|4 to 30 units||up to $1,000/unit per year|
|31 to 99 units||up to $750/unit per year|
|100 units or more||up to $500/unit per year|
Affordable Housing Redevelopment Loan Program provides funding through a variety of loan products such as bridge loans, loan guarantees, and low-interest or forgivable loans to support affordable housing development in the South St. Petersburg CRA. **Application forthcoming.
Affordable Single-Family Homeownership Program provides funding to support affordable homeownership for income-eligible households in the South St. Petersburg CRA through direct financial assistance programs. Awards are in the form of loans with a term of 5, 10 or 15 years. Example Application
Rehabilitation Assistance Program (REAPS) provides funding for homeowners to correct code violations and to address deficiencies involving Roofs, Electrical, Air conditioning, Plumbing, and other issues that could impair the health and Safety of the household residents
Affordable Single-Family Facade Improvement Grant Program provides funding to income-eligible owner-occupants of single-family homes to upgrade and refresh the exterior of their properties. Example Application