St. Pete recommends $40.85 million in disaster-recovery funding for six affordable housing projects
/St. Petersburg has recommended six affordable housing projects for a combined $40.85 million in federal disaster-recovery funding, a major investment that would add or preserve 645 affordable apartments across the city.
The recommendations follow a competitive Request for Applications process through the city’s Affordable Rental Housing Program.
City Council is expected to finalize the awards on September 17th.
The money comes from the U.S. Department of Housing and Urban Development (HUD) through its Community Development Block Grant-Disaster Recovery program.
Congress appropriated the funding following Hurricanes Idalia in 2023 and Helene in 2024, and HUD awarded St. Petersburg $159.884 million directly for long-term recovery work.
HUD designated the entire city as a Most Impacted and Distressed area, allowing St. Pete to use the funding for housing, infrastructure, economic revitalization and mitigation connected to the storms.
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