$1M grant awarded for 71-unit complex for low-income seniors

The St. Petersburg Housing Authority has received a $1 million grant that is going toward its $29 million development of apartment housing for senior citizens in the former Ed White Hospital.

The grant was issued by the Federal Home Loan Bank of New York through its Affordable Housing Program. It was secured through the sponsorship of Valley Bank, a New Jersey-based bank with a footprint in Florida, according to a statement.

The bank’s “corporate social responsibility team identified the opportunity and supported the application,” the statement says. The housing authority was the only organization in Florida to get money from the $42 million program.