The Nest at Robin’s Apartments Ground Breaking-Ribbon Cutting - May 22, 2024
Wednesday, May 22, 2024 at 2:00pm EST
2303 East 1st Street, Bradenton FL 34208
The groundbreaking ceremony for the first units of The Nest apartments is scheduled to take place 2pm on May 22nd, 2024, signaling the commencement of construction for this vital project. The Nest will offer 182 affordable housing units, featuring a mix of studio, one-bedroom, and two-bedroom apartments tailored to meet the needs of individuals and families at lower income levels.
The development of The Nest comes after Manatee County officials approved a $3.5 million loan in November 2023 to support the construction of the complex. This crucial funding helped enable One Stop Housing to move forward with its mission of providing safe, comfortable, and affordable housing options for residents in Bradenton, and beyond.
Mark Vengroff, Managing Partner of One Stop Housing, expressed his excitement for the project, stating, "The groundbreaking of The Nest represents a significant step forward in our commitment to addressing the pressing need for affordable workforce housing in Bradenton. Recent data shows that over 60% of households in Bradenton spend more than 30% of their income on housing, highlighting the urgent need for affordable housing options in our community. Every one of our affordable housing properties has long wait lists, underscoring this demand.”
Amanda Ballard, Manatee County Commissioner, also shared her enthusiasm about the development, stating, "I'm delighted about the construction launch for The Nest apartments and the positive impact this project will have on our community. One Stop Housing exemplifies excellence in their commitment to furnishing affordable housing options for our residents, and I applaud their steadfast dedication."
The Nest apartments will offer rental rates set at or below 80% of the Average Median Income (AMI), ensuring that individuals and families have access to quality housing options that are affordable and sustainable. With a projected completion date by the end of 2025, The Nest will provide much-needed relief to those struggling to find affordable housing in Bradenton.