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Largo approves density bonus for Cypress Grove apartments, commits $1.25M in HOME funds
Summary
The commission approved an affordable housing density bonus agreement for Cypress Grove Apartments (555 16th Ave SE), allowing expanded unit count in exchange for long‑term affordability; the city previously committed $1,250,000 toward the project's $31.6M cost. The vote was unanimous.
The Largo City Commission approved an affordable housing density bonus agreement for Cypress Grove Apartments, a proposed residential development at 555 16th Avenue Southeast. The commission voted 7–0 to approve the agreement, which authorizes the developer to use the city’s affordable housing density bonus in Chapter 14 of the comprehensive development code and obligates long‑term affordability monitoring under the agreement.
Staff said the 4.56‑acre site carries a base density of 10 units per acre (45 units). With the city’s affordable housing density bonus and a state greywater…
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