What is the story about?
What's Happening?
A Miami developer has received a $5.4 million grant from the Tampa Community Redevelopment Agency to support the construction of workforce housing units within the DoMo at Cass Square project in downtown Tampa. The grant will fund 30 income-eligible units, representing less than 10% of the planned 360 apartments in the 27-story tower. The development will also include retail space, a parking podium, a rooftop restaurant, and various amenities such as a co-working lounge, gym, and wellness spa. The project aims to serve both market-rate and moderate-income residents, setting a precedent for mixed-use developments.
Why It's Important?
The grant for workforce housing is crucial in addressing the growing need for affordable housing in urban areas like Tampa. By integrating income-eligible units into a luxury development, the project promotes inclusivity and diversity within the community. This approach can serve as a model for future developments, encouraging other cities to adopt similar strategies to balance market-rate and affordable housing needs. The project also contributes to Tampa's economic growth by attracting new residents and businesses, enhancing the city's appeal as a desirable place to live and work.
What's Next?
Construction of the DoMo at Cass Square project is expected to begin soon, with completion anticipated by late 2027. The development may influence local housing policies and inspire similar projects across the region. Stakeholders, including city officials and community groups, will likely monitor the project's progress and impact on housing affordability and urban development.
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