Palms of Pinellas

Largo, Florida

Palms of Pinellas was developed in Partnership with Pinellas County Housing Authority (PCHA). It is comprised of 92 workforce housing units targeted to families; 20% of units are set aside for households earning at or below 50% of AMI, 10% of units are set aside at or below 80% of AMI, 10% of units are set aside at or below 120% of AMI, and the remaining units are market rate units. Palms of Pinellas, which had a Total Development Cost of $12,911,000, was financed with a combination of Pinellas County Land Assembly Trust funds, a construction/permanent loan from Valley National Bank, Pinellas County HOME and Housing Trust Funds, and PCHA funds. No tax credits were used to finance this project. Palms of Pinellas won a NAHRO Award of Merit in 2020 and achieved National Green Building Standard Bronze level certification for its green and energy efficient features. Amenities include a pool, yoga and fitness center, and dog wash station. Unit sizes are 1BR – 725sf, 2BR – 1,025sf. and 3BR – 1,250sf, which are contained in three-story garden style buildings. This project was completed in 2019 on-time and on-budget.