Just before Labor Day weekend, local government officials and community leaders gathered in south St. Pete to cut the ribbon on the city’s newest affordable housing development.

Founders Point, a 15-unit apartment community at 2901 31st Street South near the Skyway Marina District, was developed by Pinellas Affordable Living Inc. (PAL), a Community Housing Development Organization formed by the Boley Centers.

The community, designed to provide safe and affordable housing for people with special needs, is located next to Boyd Hill Nature Preserve and just south of The Shores Apartments, a 50-unit affordable housing community developed by The Richman Group.

All 15 one-bedroom apartments are reserved for residents earning at or below 60% of the Area Median Income (AMI), specifically for households with special needs.