$12.5 million in county funding to four Pinellas affordable housing projects

In an effort to spur the development of needed affordable housing, Pinellas County commissioners in May approved $12.51 million in funding to support four projects that will bring 307 new units to the area.

The units will be reserved for families and individuals who make 80% or less of the area’s median income. In the case of Pinellas, that’s $65,740 per year for a family of four.

In a statement, the county says one out of three families in Pinellas spends more than a third of their income on housing — rent and mortgage.