80-unit affordable housing project Flats on 4th moves forward in north St. Pete
/An undeveloped parcel at the southwest corner of the intersection of 106th Avenue North and 4th Street North will be developed into 80 affordable apartments reserved for seniors.
The project, dubbed Flats on 4th—a previously approved four-story mid-rise building designed for low-income seniors earning between 40% and 60% of the area median income (AMI).
The Pinellas County Housing Finance Authority purchased the land for the project earlier this month, as Trustee of the land trust, for $2.94 million using Penny for Pinellas funds, a voter-approved one-cent sales tax designated for infrastructure improvements.
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