Sarasota officials OK plan to buy two parcels for $7.4M for affordable housing

The city seeks to build a pair of 10-story buildings with 192 units on the site. It plans to outsource management of the constriction and then, when complete, the units themselves.

The proposed site of a city-owned attainable housing development across First Street from City Hall. The red X marks the location of the city's credit union office, which will remain.
The proposed site of a city-owned attainable housing development across First Street from City Hall. The red X marks the location of the city's credit union office, which will remain.
Courtesy image
  • Manatee-Sarasota
  • Share

Although the private sector is beginning to respond to the City of Sarasota's affordable housing incentives programs, even when built, the residences will make only a small dent in the growing demand for attainable workforce housing in Sarasota. 

Similar scenarios are taking place in a host of other cities and towns in the region addressing some variation of an affordable housing crisis. 

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news
Subscribe

Already subscribed? Sign in.

Latest News

  • December 15, 2025
Lee Health CEO to step down
  • December 15, 2025
Credit union names market president for three counties in region
  • December 15, 2025
3 Polk County residents charged in $2M COVID fraud case
  • December 15, 2025
Pinellas artwork manufacturer completes $13.5M facility expansion

Sponsored Content