SkyWay Lofts to Provide 65 Affordable Housing Units in St. Pete
SkyWayLofts, a 65-unit affordable apartment community, will welcome new residents Friday in south St. Pete. Located at 3900 34th St. S., SkyWay Lofts is an affordable housing community that will serve households earning less than 80% of the Area Median Income, with the majority of the units priced at $762 per month for a one-bedroom apartment and $901 per month for a two-bedroom apartment.
Residents will begin moving into SkyWay Lofts Friday. All apartments will be equipped with multiple energy-efficient features. Amenities include a clubroom, a fitness center, on-site laundry and free parking.
“With rising rents throughout the region, state and nation, it is more important now than ever to ensure our residents have access to quality, safe, affordable housing. With price points serving those at 80% of the area median income, these new units will serve teachers, health care workers, first responders, retail workers and others who make our community work. And with energy-efficient features in each unit, these homes will offer tenants additional opportunities to keep more of their hard-earned paychecks,” said St. Petersburg Mayor Ken Welch.
The City of St. Petersburg is focused on providing housing that is affordable. St. Pete’s Housing Plan is a comprehensive 10-year plan to address housing affordability by expanding existing programs and introducing new solutions. SkyWay Lofts is one of several ways in which the City is addressing housing affordability. More at stpete.org/housing.
SkyWay Lofts marks the first new construction community completed in St. Pete by Blue Sky Communities. Blue Sky Communities is based in Tampa and develops affordable housing across the State of Florida. Financing for the development was provided by: City of St. Petersburg, Pinellas County, Florida Housing Finance Corporation, TIAA Bank, Raymond James Bank and Raymond James Tax Credit Funds.
“We are thrilled to bring affordable housing to the Skyway Marina District at a time when the area has seen explosive growth and rapidly increasing housing costs. Thank you to the City of St. Petersburg for helping make this community a reality and their continued commitment to address the affordable housing needs of the City,” said Scott Macdonald, Executive VP of Blue Sky Communities.