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26-0211A — Multifamily residential rental housing facility (210 units) in Pinellas County, FL
This case involves TEFRA hearing approval and tax-exempt bond financing for Bay Pointe Tower, a 210-unit multifamily rental housing project in South Pasadena serving moderate and lower-income residents. The $15.7M Housing Revenue Bond financing, combined with low-income housing tax credits and construction financing, carries no fiscal impact on the County. Developers seeking affordable housing financing through conduit bonds should monitor this precedent case for the HFA's process and requirements.
| Case number | 26-0211A |
|---|---|
| Type | Other |
| Location | 880 Oleander Way South, South Pasadena, Florida |
| County | Pinellas County |
| Proposed use | Multifamily residential rental housing facility (210 units) |
| Petitioner | Housing Finance Authority of Pinellas County |
| Owner | Bay Pointe Preservation, LP |
| Hearing | 2026-03-24 |
| Hearing body | Pinellas County Board of County Commissioners |
| Staff recommendation | approve |
| Status | new |
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