St. Pete leaders to discuss combatting rising rent with affordable housing options
“However, it’s a price tag that residents said might be necessary. In addition to the lack of affordable housing, residents report that their rent has skyrocketed. They have said that the price increases have been especially bad over the past year as many people lost their jobs while facing financial instability due to the pandemic.
Reports show that rent is up nearly a quarter of what it was last year, and residents are concerned that this trend will continue. They’re calling on the city and the new St. Petersburg Mayor Ken Welch to make some changes.”