Affordable Housing Development Program

The City offers a variety of incentives and financial assistance for the development of both rental and owner-occupied affordable housing. The primary objective of this program is to support the development of affordable housing in a manner that ultimately passes the savings on to the occupant (homeowner or renter) to reduce housing costs.  Applications are accepted on an ongoing basis.  Contact the City of Largo's Housing Division for a link to the online application: Matthew Anderson, Housing Manager, maanders@largo.com, or call:  727-586-7489 ext. 7216.

Affordable Housing Redevelopment Incentives:

• Affordable Housing Density Bonuses
• Expedited Permitting
• Alternative Development Standards (Transfer of Development Rights, Zero Lot Lines, etc.)
• Project Financing (based on funding availability - land acquisition, impact fees, construction costs)

Funding Sources:

• Community Development Block Grant (CDBG) - Federal Funding
• State Housing Initiatives Partnership (SHIP) - State Funding
• Other local/County funding as available

Income Ranges for Occupants:

• At or Below 30% of Area Median Income (AMI)
• 30-50% of AMI
• 50-80% AMI
• 81-120% AMI (limited public funding available in this category)
• Multi-unit developments may incorporate market rate units - City funding would be contributed toward affordable housing units

Selection Criteria:

• Funding availability and funds leveraged from other sources
• Income ranges served and affordability of units
• Past performance and timeframe for project completion
• Other factors may also be considered in the funding process on a case-by-case basis
• All projects must be able to conform with regulations of the funding sources