Politics & Government
St. Pete to Launch Housing Rehabilitation Program
The program creates an incentive for private investment in the target area by providing a 20 percent rebate of the cost of specific building improvements.
Wednesday, April 17, St. Petersburg city leaders will officially launch a housing program designed to rehabilitate homes in St. Pete.
According to the city, Mayor Bill Foster, Council Chair Karl Nurse and other members of city staff will unveil a new initiative targeting residential structures needing rehabilitation.
The announcement will take place at 9:30 a.m. at 1830 22nd Ave. S.
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The program, conceived by Nurse, creates an incentive for private investment in the target area by providing a 20 percent rebate of the cost of specific building improvements to the owner of the residential property, a news release said.
Recently, St. Petersburg's City Council approved $400,000 of funding for a housing rehabilitation incentive program.
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