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Committee Discusses Increased Down Payment Assistance for Affordable Housing in Pinellas

October 04, 2023 | Clearwater, Pinellas County, Florida


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Committee Discusses Increased Down Payment Assistance for Affordable Housing in Pinellas
In a recent meeting of the City of Clearwater Affordable Housing Advisory Committee, members gathered to discuss critical updates and strategies aimed at enhancing affordable housing options in the community. The atmosphere was charged with a sense of urgency as committee members reviewed the current down payment assistance programs and explored potential increases in funding to better serve residents.

The committee is considering raising the down payment assistance amount from $45,000 to $60,000, a move that aligns Clearwater with neighboring municipalities like St. Petersburg, which also offers $60,000, and Largo, which has set its maximum at $75,000. The discussion highlighted the pressing need for increased financial support, especially as federal ARPA funds begin to dwindle. The committee acknowledged that while Clearwater's current assistance is competitive, it still lags behind some surrounding areas.

In addition to down payment assistance, the committee discussed the provision of up to $15,000 for accessibility retrofits for disabled residents, emphasizing the city's commitment to inclusivity in housing. This grant, which includes a portion that is forgivable over ten years, aims to ensure that all residents can access safe and suitable living conditions.

As the meeting progressed, members also touched on the ongoing challenges posed by short-term rentals and landlord issues, indicating that these topics would be further explored in future discussions. The committee plans to present a draft local housing incentive strategy report at their next meeting on October 24, which will incorporate feedback from recent discussions.

City staff member Chuck Lane expressed gratitude for the committee's efforts and highlighted the need for internal adjustments to manage the increasing demands on their resources. He noted that the department is currently handling three times the funds it was originally designed to manage, underscoring the importance of efficient operations as they work to implement the committee's recommendations.

As the meeting concluded, the committee members reaffirmed their commitment to addressing the affordable housing crisis in Clearwater, recognizing the vital role they play in shaping policies that impact the community's future. With the next meeting on the horizon, there is a palpable sense of anticipation for the strategies that will emerge from these ongoing discussions.

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