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 effects of storms.
