South St. Pete Business and Developers

Overview

The following are active and upcoming programs for 2023. These programs are for South St. Petersburg businesses and residents. Click here for a map showing the boundaries of the South St. Petersburg CRA.

South St. Pete CRA Microfund Program

The South St. Petersburg CRA Microfund Program is a funding opportunity for South St. Pete CRA business owners. No upfront capital is required. Instead, this program offers personalized capacity-building opportunities through education, mentoring, and networking in exchange for CRA funding so business owners can make targeted and planful improvements to their businesses.

Learn More Here

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

CRA Residents are eligible for City-wide Housing Grant programs. Please click here for additional City-wide housing programs and opportunities, including the Purchase Assistance Program.

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:

Information   Example Application