A community-focused housing developer built a unique South St. Petersburg project in a year, despite delays caused by back-to-back hurricanes, while forging new relationships with local stakeholders.
The Bayou Court Apartments now provides 60 affordable homes – 12 for those earning 50% or less of the area median income – across the street from Lakewood Elementary School. It also offers hope for some teachers and parents who have watched it rapidly take shape.
Development firm Gravel Road Partners prioritizes applications from public schools and local government employees. Founding partner Tyler Herbert noted that many teachers and staff must move “further and further away from where they’re showing up every day to teach our children” due to the ongoing discrepancy between housing costs and wages…