Manatee County leaders and employers are supporting a developer’s effort to build a new affordable apartment complex for Bradenton-area workers.
At a meeting earlier this month, the Manatee County Commission agreed to negotiate a $5.6 million loan for One Stop Housing to build new apartments at its Forest Cove property at 1478 45th Ave. Circle W. in Bradenton.
The site is currently home to 36 affordable apartment units, according to One Stop Housing ’s website.
But the developer is partnering with 12 local employers to expand its offerings.
The new development plans call for two four-story buildings with 155 apartments and a mix of studio, one- and two-bedroom units. The amenities would include a daycare center, playground, dog park, pool, clubhouse, BBQ area and a telehealth center.
The developer promised to keep rent at or below 30% of a worker’s yearly salary. Per month, renters would pay $926 for a studio, $1,380 for a one-bedroom and $1,700 for a two-bedroom, according to figures from the developer.