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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.
The additional funding brings the number of affordable housing projects approved or under construction in the county to 10, bringing an additional 1,000 workforce and affordable housing units, according to the statement.
The four projects that will get a portion of the $12.51 million are:
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