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St. Petersburg is finalizing the second phase of its $160 million disaster recovery plan, which includes homebuyer assistance, affordable housing and voluntary buyout programs.
The city expects to purchase 14 high-risk residential or commercial properties, help create 582 affordable multifamily housing units and provide 70 low-income households with up to $80,000 in down payment assistance. Acquisition program participants will receive the post-storm fair market value for their homes, up to $400,000, and cash relocation incentives.
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