St. Petersburg to require developers who get city money to provide community benefits
The plan requires developers who get significant city funding to reinvest in the community.
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Updated Earlier today
ST. PETERSBURG â The City Council on Thursday approved a âcommunity benefit agreementâ that would require developers who get significant city funding to reinvest in the community.
Depending on the amount of funding received, the requirements can include building new affordable or workforce housing or paying into a fund for those projects, paying into a fund to improve local schools and renovate historic buildings, and providing job training. Developers would also have to hold public meetings to get input on their projects.
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