Pinellas Heights

Largo, Florida

We developed Pinellas Heights in Partnership with Pinellas County Housing Authority (PCHA) and completed the project in 2015. It is comprised of 153 units targeted to seniors; 21 ACC and the remainder at 50% AMI. Our development team financed Pinellas Heights, which had a Total Development Cost of $23,470,000, with a combination of 4% Low Income Housing Tax Credits ($0.955 tax credit pricing), Federal Home Loan Bank Funds, Pinellas County Housing Trust Funds, City of Largo CDBG, and PCHA funds. Pinellas Heights earned the National Green Building Standard Silver award for its green and energy efficient features. Pinellas Heights partners with Prime Care Home Health to operate an on-site Wellness Center, and the YMCA to offer on-site dance classes. Unit sizes include 1BR – 675sf and 2BR – 950sf, which are contained in four-story midrise building. This project was completed on-time and on-budget.