#United States #affordable housing #Lincoln Avenue #Largo #Olea on 126

Lincoln Avenue Communities Launches Affordable Housing Development

Largo, Florida – In an exciting development for the community, Lincoln Avenue Communities (LAC) has officially broken ground on Olea on 126, a state-of-the-art affordable housing complex designed to support families in need. This latest initiative underscores LAC's commitment to providing housing solutions that cater to various income levels.

The groundbreaking ceremony, which took place earlier this month, marks a significant step forward in addressing the pressing need for affordable housing in Pinellas County. The project is set to deliver 144 units of affordable housing, strategically designed to accommodate families of varying income brackets. As Jordan Richter, Vice President and Regional Project Partner at LAC, highlighted, "Olea on 126 addresses a critical need in Pinellas County by providing quality housing options for families across multiple income levels."

A Closer Look at Olea on 126

Olea on 126 will consist of three four-story buildings featuring a diverse mix of living spaces. The development will offer two-, three-, and four-bedroom apartments, ensuring that families have room to grow and thrive. To promote inclusivity, 35 units are allocated for residents earning up to 40% of the area median income (AMI), 72 units for those earning up to 60% AMI, and 38 units for families earning up to 80% AMI.

Community Amenities

Beyond just housing, Olea on 126 is designed with community in mind. Residents will benefit from a range of communal amenities intended to foster a sense of belonging and enhance quality of life. Facilities will include:

• - A clubhouse for gatherings and meetings
• - A fitness center for health and wellness activities
• - A pool for recreation and relaxation
• - A playground for children
• - A covered patio for outdoor enjoyment
• - EV charging stations to support sustainable transportation

Project Timeline and Impact

Construction for Olea on 126 is currently underway with an expected completion date in June 2027. This timeline demonstrates LAC’s determination to rapidly address housing shortages in the area. As stated by Dave Eggers, Chair of the Pinellas County Board of Commissioners, “We have so many folks trying to work in this community, whether they're teachers, hospitality workers, or first responders. A wide range of folks are looking for housing, a place to call home.”

LAC’s Mission and Vision

Lincoln Avenue Communities is recognized as one of the nation’s fastest-growing developers and investors in affordable and workforce housing. The organization operates with a clear mission: to provide high-quality, sustainable homes that cater to lower- and moderate-income individuals, seniors, and families across the United States. With a presence in 32 states and an impressive portfolio of more than 170 properties comprising over 30,500 units, LAC has significantly impacted the housing landscape, providing homes for more than 80,000 residents.

Conclusion

The launch of Olea on 126 is not just a construction project; it represents a beacon of hope for countless families in Largo, Florida. By focusing on affordability combined with quality amenities, Lincoln Avenue Communities is paving the way for a brighter, more equitable future in housing. As the project progresses, it will undoubtedly continue to garner attention and support from community leaders, residents, and housing advocates alike.