Pinellas County Board of County Commissioners Agenda 2026-05-19
Skye Isle Apartments slated for bond-financed rehab
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Description
Pinellas County’s Housing Finance Authority plans to issue up to $27 million in multifamily housing revenue bonds on behalf of Preservation 518, Ltd. to rehabilitate and equip the 188-unit Skye Isle Apartments in St. Petersburg, with long-term affordability restrictions. The Board’s resolution authorizes a TEFRA hearing for this conduit financing.
Contract Details
Contract Amount
Multifamily Housing Revenue Bonds not to exceed $27.0M
Vendor
PRESERVATION 518 LTD
Agency
Pinellas Technical College-Clearwater, FL
Contract Type
FINANCIAL_SERVICES
Document Date
May 19, 2026
Contract Term
Not specified; includes 50-year affordability period under land use restriction agreement
Renewal Date
2076-12-31
Renewal Info
This is a new conduit bond issue with a 50-year affordability requirement enforced by a land use restriction agreement.
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Pinellas County Board of County Commissioners Agenda 2026-05-19
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