St. Petersburg Housing Authority
Amendment to the 2026 Capital Fund 5-Year Action Plan
The St. Petersburg Housing Authority (SPHA) is amending its 2026 5-Year Action Plan to include provisions related to projects that are undergoing a Restore-Rebuild (formerly known as Faircloth-to-RAD) conversion.
The SPHA is considering several methods to conduct the proposed redevelopment, including Restore-Rebuild, Section 18 Demolition / Disposition, Section 18 / RAD Blend, or any other redevelopment process implemented by HUD.
SPHA is seeking to amend its 2026 5-Year Action Plan to insert a new provision into the following sections:
Form HUD-50075.2, Part I: Summary
Identifier: FL00200002
General Description of Major Work Categories:
RAD Conversion Initial Year Funding: Restore-Rebuild projects may be allocated Capital Funds during the initial year of conversion to RAD. As a result, we may allocate Capital Funds to each Restore-Rebuild project.
SPHA may pursue Restore-Rebuild (f/k/a Faircloth-to-RAD) projects throughout our jurisdiction. This involves the creation of new ACC public housing units under Mixed-Finance and a subsequent conversion to project-based Section 8 (either PBRA or PBV) under RAD. We may designate projects as family, elderly, or elderly/disabled under public housing and may also have these occupancy preferences upon conversion to Section 8. However, we may also have projects with a different occupancy preference under RAD Section 8 than the initial designation under ACC public housing. We may provide rent augmentation to our Restore-Rebuild projects, funded with Section 8 HAP reserves and/or any other HUD-approved rent augmentation sources. These projects may involve new construction, rehabilitation, and/or acquisition.
Estimated Amount of Capital Fund:
- Clearview Park - New construction: $TBD
- Clearview Park - Rehab: $48,796
- Bay Pointe Tower - Rehab: TBD
Form HUD-50075.2, Part III: Supporting Pages - Management Needs Work Statements
Identifier: FL00200002
General Description of Major Work Categories:
RAD Conversion Initial Year Funding: Restore-Rebuild projects may be allocated Capital Funds during the initial year of conversion to RAD. As a result, we may allocate Capital Funds to each Restore-Rebuild project.
Estimated Amount of Capital Fund: $48,796
