Two nonprofits are joining forces to create more affordable housing and resources for St. Pete's low-income and homeless population.

Nonprofits St. Vincent de Paul CARES, which strives to end homelessness, and Ability Housing Inc., a developer of affordable multifamily housing — operating as a joint venture Ability SVdP LLC — have commenced site work for a new 73-unit affordable housing project.

The six-story development, dubbed Vincentian Village, is under construction at 401 13th Street North adjacent to St. Vincent de Paul CARES’ Center of Hope shelter.

Vincentian Village will serve all residents earning 60% or less of the area median income (AMI), as well as homeless and at-risk families and those with disabilities.

As the development is near a shelter, residents of Vincentian Village will have access to individualized and community-based support services, according to an announcement.

“Vincentian Village is a shining example of how providing homes to those in need is the only solution to homelessness,” SVdP CARES CEO Michael Raposa said in a prepared statement.

He told media outlets the development has been a dream of the SVdP board of directors for over 20 years.

“This project is transformational not only for the more than 75 people who will have refuge from the trauma of homelessness, but also for our city and its approach to supporting our at-risk families," he said.

There will be a total of 50 one-bedroom units and 23 two-bedroom apartments at the 1.66-acre site.

Half of the units will be reserved for homeless families and individuals. 

Meanwhile, 15% will be rented out to households that require special support, including those with disabilities or requiring independent living services.

Thirty-seven units are reserved for households experiencing or at risk of homelessness. Eleven units will be slated for individuals requiring independent living services to maintain housing or develop independent living skills, in addition to those with mental disabilities or survivors of domestic abuse.

Vincentian Village will offer residential amenities such as a community center with onsite leasing offices, a computer lab, a library, a community space, and space for workshops and training.

The partners expect to complete construction in October 2025, COO Thomas Daily said to St. Pete Rising.

Clearwater-based Bradley Construction Company is the general contractor. Jacksonville-based PQH Group is the project architect.

The $28 million project is funded through various state, local, and private sources, including a $1 million subsidy through the City of St. Petersburg’s American Rescue Plan Act funds and a $15 million construction loan from TD Bank.