Proposed Rosery Road apartment complex moves forward
By Chris George, Tampa Bay Newspaper
Since the site is located within the Clearwater-Largo Road Community Redevelopment District, Brydon said adding affordable housing was a priority, which led to the Affordable Housing Density Bonus.
“When the Clearwater-Largo Road Redevelopment Plan was written in 2000, it took into account the need for affordable housing and established the ability to increase density in exchange for an affordable housing component to market-rate projects,” she said.
Atlanta-based Pollack Shores Real Estate Group, which also developed the Gateway North complex off Roosevelt Boulevard near U.S. 19, has agreed to set aside 20 percent of its units for affordable housing, meaning the city is allowing 12 extra units an acre, from 15 to 27.
Read more here.