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Pinellas to fund 20‑unit special‑needs housing project with HOME‑ARP and Florida Housing Finance support
Summary
The board approved county HOME‑ARP funding for a 20‑unit special‑needs housing development; county subsidy is roughly $68,000 per unit while the majority of funds come from the Florida Housing Finance Corporation and a deferred developer fee.
Pinellas County commissioners approved Aug. 5 a funding recommendation for a 20‑unit special‑needs housing development to be supported in part with county HOME‑ARP federal funds. Bruce Bussey, community development manager, told commissioners the county received a special HOME‑ARP allocation of about $5.4 million and that HOME‑ARP rules for the county award require a 20‑year affordability period. "Those have special requirements in addition to…
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