South St. Pete Housing-Based Grants

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ATTENTION: Housing-based opportunities for CRA residents, homeowners & developers are now available! Fill out the online form and a member of the CRA team will get in touch with you regarding next steps.

South St. Pete Housing-based Grants

Grants Overview

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

The 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. 

Information  Example Application

Affordable Multifamily Housing Development Program

The 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

 

Information  Example Application

Affordable Housing Redevelopment Loan Program

The 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.

Information  Application

Affordable Single-Family Homeownership Program

The 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. This program has been reestablished to include the Rehabilitation Assistance Program, which provides funding to owner occupied residential dwelling units for home repairs, to correct code violations and to address deficiencies that could impair the health and safety of the household occupants. Awards are in the form of loans with a term of 5, 10 or 15 years. 

Information  Application

Affordable Single-Family Facade Improvement Grant Program

The 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. 

Information  Application