Fractional Ownership. First time homebuyers can also qualify for Assistance through the City of St. Petersburg in the form of a subordinate fforgivable mortgage loan of up to $40,000. This brand new construction 2 bedroom, 2 bath, and 1 car garage house is made possible through an affordable housing program between the City of St. Petersburg and Bright Community Trust, Inc. Close to Tropicana field and downtown St Pete! Nearby services include James Weldon Johnson Community Public Library, Campbell Park Recreation Center, Enoch Davis Recreation Center & Chase Park recreation center. Ownership of this property is fractional and comes with a superbly low cost land lease $20. per month to make property more affordable for Buyer. Buyer/Buyers have to make less than 80% AMI (Area Median Income) to qualify.