Pinellas County Board of County Commissioners Regular Meeting Agenda 2026-05-19
Conduit Bond Financing for Skye Isle Apartments
Trusted by teams at
Description
Pinellas County’s Housing Finance Authority proposes issuing up to $27 million in Multifamily Housing Revenue Bonds for Preservation 518, Ltd. to renovate and preserve the 188-unit Skye Isle Apartments as affordable housing. The project will maintain rents at or below 60% of Area Median Income for 50 years under a land use restriction agreement.
Contract Details
Contract Amount
Principal amount 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
50-year affordability period for rent restrictions
Renewal Date
2076-12-31
Renewal Info
Conduit bond financing is tied to the project’s long-term affordability period; no renewal of County obligations is anticipated, though the land use restriction agreement enforces a 50-year affordability term.
More from PRESERVATION 518 LTD
Related Contracts
Pinellas County Board of County Commissioners Agenda 2026-05-19
PENDINGPinellas County Board of County Commissioners Agenda January 2025
APPROVEDPinellas County Board of County Commissioners Agenda January 2025
APPROVEDMore from Pinellas Technical College-Clearwater
Pinellas County Board of County Commissioners Agenda 2026-05-19
Pinellas County Board of County Commissioners Agenda 2026-05-19
Pinellas County Board of County Commissioners Agenda 2026-05-19
Pinellas County Board of County Commissioners Agenda 2026-05-19
Pinellas County Board of County Commissioners Agenda 2026-05-19
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.