Committee recommends $5.5M in funding for affordable housing in St. Pete
The committee recommends that city council approve millions in funding to create or preserve 429 affordable housing units.Original Article
Archive for month: July, 2022
Habitat for Humanity to develop two affordable homeownership projects in South St. Pete
St. Petersburg Mayor Ken Welch has struck a deal, subject to city council approval, with Habitat for Humanity to develop two city-owned properties.Original Article
As inflation soars, here’s how average rents are trending in Tampa Bay
Rents for apartments in Tampa Bay have increased by over 50% since 2018, the second-highest in the nation.Original Article
Townhomes proposed in downtown St. Pete near USF St. Pete
A 15-unit townhouse development is in the works for downtown St. Petersburg. St. Pete-based NJR Construction Group has proposed the townhouses on a vacant .35-acre lot at 357 3rd St. S, across the street from apartment tower Camden Pier District and Harbour’s Edge senior apartments. The development will be two blocks from University of South Florida St. Pete. Development costs are estimated at $9.6 million in city filings. The 15 units will be split between two four-story buildings, according…Original Article
Opinion: New condo law is potentially painful but necessary
The condominium associations that will feel the financial impact most acutely are those that have historically underfunded their reserves and/or deferred maintenance and repairs.Original Article
St. Pete approves more than $1 million in rental assistance for city employees
“Communities like San Francisco have got it right because while they have a huge affordable housing issue they also have a business community that is willing to put their money behind helping their workers be able to live in close proximity to where they work," Brandi Gabbard, vice chairwoman of St. Pete City Council, told the Business Journal.Original Article
Meet Ideal Agent, a 2022 Fast 50 honoree
Ideal Agent is a 2022 Fast 50 honoree.Original Article
Meet Tomlin St Cyr Real Estate Services, a 2022 Fast 50 honoree
Tomlin St Cyr Real Estate Services is a 2022 Fast 50 honoree.Original Article
These lenders have grown their real estate loan portfolios the most in the past year
Using data from the Federal Deposit Insurance Corp., The Business Journals determined the 100 financial institutions nationally that have grown their commercial and residential real estate lending the most between the first quarter of 2021 and Q1 2022.Original Article
A ‘perfect storm’ fuels big jump in apartment rents. Here’s where they are rising the most.
Average apartment rents are on the rise around the nation, but some experts believe a dose of relief is on the horizon.Original Article