$42 million affordable housing grant program opens in St. Pete

City of St. Petersburg launches program to fund affordable rental housing developments

St. Pete’s continued efforts to increase the availability of affordable housing just got a huge boost, as the City of St. Petersburg just launched a new initiative it is calling the Affordable Rental Housing Program (ARHP). With the help of Sunrise St. Pete, the city’s disaster recovery program, the program will distribute $42 million in federal funding from Sunrise St. Pete to go towards “the construction, substantial rehabilitation, or convers…

$42 million affordable housing grant program opens in St. Pete

​BY MARK PARKER – St. Petersburg officials have launched a $42 million competitive race for developers to replenish the city’s affordable rental housing stock, which has suffered multiple blows from hurricanes in recent years. ​Funding for the new Affordable Rental Housing Program (ARHP) stems from the $160 million Sunrise St. Pete initiative. The overarching goal is to help turn the tide for low-income renters still reeling from the ongoing ef…