LARGO, Fla. — The first phase of the long-awaited Rainbow Village redevelopment project is nearing completion in Largo’s Ridgecrest neighborhood.
The new Heritage Oaks senior housing complex will include 80 affordable one-bedroom apartments, replacing 48 outdated public housing units that once stood on the site. Developers say the units are designed specifically for older residents being priced out of the market.
“Being priced out of their current homes with the cost of insurance, rising cost of living — it’s very expensive in Pinellas County,” said Jake Stowers with the Pinellas County Housing Authority. “So if we can provide senior affordable housing, it just seemed like the right project to go with.”…