Photo courtesy of PINELLAS COUNTY MARKETING & COMMUNICATIONS
Garden Trail apartments, a 76-unit affordable housing development, was built through a partnership including Pinellas County, the Housing Finance Authority of Pinellas County, the city of Clearwater, the Florida Housing Finance Corporation and local developer Southport Financial Services, with support by Penny for Pinellas funds.
CLEARWATER - A new 76-unit apartment development in Clearwater will offer a new affordable housing option for local residents thanks to a partnership among Pinellas County, the city of Clearwater, the Florida Housing Finance Corporation and a local affordable housing development company.
Local and state officials will join developer Southport Financial Services Inc., to celebrate the opening of Garden Trail Apartments on Wednesday, Jan. 11. A ribbon-cutting ceremony is scheduled for 11 a.m. at the new apartment complex, 609 Seminole St.
The two and three-bedroom homes in Garden Trail are all set aside for residents who earn 60 percent of the area median income or below.
Garden Trail is located just north of downtown Clearwater, adjacent the Fred Marquis Pinellas Trail.
Pinellas County, in partnership with the Housing Finance Authority, purchased land for this project with more than $1 million through the Affordable Housing Land Assembly Fund, which comes from the Penny for Pinellas 1-percent sales tax. As the landowner, the county can ensure the apartments will remain at an affordable level into the future.
The city of Clearwater contributed $350,000 in federal Community Development Block Grant funds for project infrastructure, and additional support came from the Florida Housing Finance Corporation.
The Affordable Housing Land Assembly Fund enables Pinellas County to meet the community’s housing needs through judicious investment of a portion of the Penny. Garden Trail is an example of the county’s commitment to foster continual economic growth and development by investing in communities that need the most.
For more information, contact the Pinellas County Planning Department at 727-464-8200.