(St. Petersburg, FL – March 29, 2022) – Blue Sky Communities will celebrate the opening of Skyway Lofts with a ribbon cutting ceremony on Tuesday, March 29. Skyway Lofts is a new construction affordable family housing community consisting of 17 one-bedroom and 48 two-bedroom units totaling 65 units. The City of St. Petersburg contributed $90,000 toward the project as part of the State Housing Initiatives Partnership Program. Blue Sky Communities also utilized the Low-Income Housing Tax Credit program to make Skyway Lofts a reality.
WHO: Shawn Wilson- President, Blue Sky Communities
Scott Macdonald – Executive Vice President & CFO
Ken Welch – Mayor of St. Petersburg
Deborah Figgs-Sanders – St. Petersburg City Council District 5
Gina Driscoll – St. Petersburg City Council District 6
Charlie Justice – Pinellas County Commissioner District 3
Rene Flowers – Pinellas County Commissioner District 7
WHEN: Tuesday, March 29th
WHERE: 3900 34th Street South
St. Petersburg FL 33712
“We are thrilled to bring affordable housing to the Skyway Marina District at a time when the area has seen explosive growth and rapidly increasing housing costs,” says Scott Macdonald, Executive VP of Blue Sky Communities. “Thank you to the City of St. Petersburg for helping make this community a reality and their continued commitment to address the affordable housing needs of the city.”
Other partners in the project include Pinellas County, Florida Housing Finance Corporation, TIAA Bank, Raymond James Bank, and Raymond James Affordable Housing Investments.
Of the 65 units, 12 are designated for households making up to 30% of the area median income (AMI), 40 units for households making up to 60% of AMI, and 13 for households earning up to 80% of AMI.
All apartments feature fully equipped kitchens, luxury vinyl flooring, walk-in closets, ensuite baths, and multiple energy efficient features. Amenities include a clubhouse, computer lab, fitness center on-site laundry, and free parking.
Rents for one-bedroom units range from $346-$1,039, and two-bedroom units range from $402-$1,234 depending on income level. Rental assistance vouchers are also accepted.
About Blue Sky Communities, Inc.
Formed in 2012, Blue Sky Communities has enjoyed great success as an Affordable Housing Developer in the Tampa Bay region. This is Blue Sky’s first ground-up development in the City of St. Petersburg. Blue Sky is a leader in helping local governments achieve their goals in the area of Affordable Housing Development. Blue Sky develops state of the art, environmentally sound affordable housing units. Affordable Housing Finance magazine selected Blue Sky as one of the USA’s top 50 Affordable Housing Developers of 2020.