The St. Petersburg Housing Authority (SPHA) anticipates soliciting for a private developer to assist with the recapitalization of the Jordan Park Community. It is expected that the plan of finance for the rehabilitation will include a tax exempt loan or bonds and 4% Low Income Housing Tax Credits. SPHA (or its affiliate) will serve as the Managing General Partner and Property Manager. The developer will assist in finalizing the development plan and providing the necessary guarantees until completion of construction. Total development cost is expected to range from $12 million to $20 million.
If you are interested in receiving this solicitation when it is available, please fill out the form below.