Housing programs in St. Pete get a boost
ST. PETERSBURG | Council member Karl Nurse found a clever way last week to get more money for two housing programs he is passionate about.
He convinced his colleagues to agree to split the proceeds from a recent real estate deal between the popular Rebates for Rehabs program and a fund that allows the city to demolish decrepit homes.
The money -- $290,000 in all -- comes from the sale of three parcels of land at 2201 First Ave. N, 2245 First Ave. N and 2163 First Ave N to developer Nick Pavonetti, a deal approved by the City Council last week.
On Nurse's suggestion, the council decided to designate two thirds of the proceeds from the sale, $194,000, for codes compliance-related demolitions and one third, $94,000, to the rebates program.
Money for both programs was getting used up quickly this year, Nurse said.
According to city documents, Pavonetti plans to build 16 town homes on the first two lots. The project will be called Grand Kenwood Cityhomes, Pavonetti told the Times this week.