St. Petersburg will be awarding $534,000 in grants to help support private investment in the South St. Petersburg Community Redevelopment Area (CRA).
Through 5 p.m. today, the City is taking requests for the 2017 community redevelopment funds approved by the City Council, budgeted at nearly $412,000 for commercial grants and about $122,000 for housing and neighborhood revitalization with a focus on multifamily residential properties.
Applications must be delivered to the ninth floor of the Municipal Services Building, located at One Fourth Street North in downtown St. Petersburg.
Created in 2015, CRA Grant Program is part of the city’s 30-year revitalization plan for South St. Pete – roughly the area bordered by Fourth Street and 49th Street, from Second Avenue N. to 30th Avenue.
Information on the City’s grant programs and applications for the South St. Petersburg Community Redevelopment Area are available at stpete.org/CRA.
People who cannot apply for a CRA Grant include individuals with a felony conviction for financial mismanagement within the past five years. All applicants must provide information for the city to perform a criminal background check. That information must be delivered to the Planning and Economic Development Department (same location as the application) by 5 p.m. Friday, June 23. Failure to do so will result in an administrative denial.
In May, the City Council also approved CRA bonus awards for applicants meeting one of three criteria: Those using certified contractors with the city’s Small Business Enterprise program; providing commercial space for a user in the following targeted industries: Marine and Life Sciences, Financial Services, Data Analytics, Specialized Manufacturing and Creative Arts and Design or creating and/or retaining jobs and hiring CRA residents.