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Commissioners move to stop new Penny-for-Pinellas affordable-housing applications as remaining funds near commitment
Summary
County staff reported Penny-for-Pinellas housing commitments totaling $91.2M across 18 projects and a new available balance of about $2.9M; commissioners agreed to stop accepting additional Penny applications (deadline set for applicants in-process to finish by the next day) while staff evaluates in-flight proposals and other funding options.
Pinellas County housing staff told the commission that the Penny-for-Pinellas set-aside has committed roughly $91.2 million toward 18 workforce and affordable-housing projects that will produce more than 3,100 housing units across the county, including more than 2,200 units restricted as affordable at varying income levels.
Housing staff reported that program projections were adjusted downward (to…
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