Tampa Bay Partnership receives $250,000 commitment from JPMorgan Chase

The Tampa Bay Partnership has received $250,000 from JPMorgan Chase to measure the depth of the regional housing crisis.

The two-year investment will support research, and reporting, on housing affordability needs in Hillsborough, Pasco and Pinellas counties, over the next five years.

More specifically, the research will:

• Measure the available housing stock today and how it aligns to residents’ needs based on various income levels.

• Define how many dwellings must be created to support the forecasted growth of Tampa Bay communities.

“We are grateful for the generous support from JPMorgan Chase, which will make this research possible,” says Bemetra Simmons, president and chief executive officer of the Tampa Bay Partnership. “The housing crisis is a critical issue for our region and a concerted effort is underway to support each county’s residents. Having a housing needs assessment allows us to see the full scale of the issue and then set goalposts and map realistic goals. We will know if 5,000 units in an area brings us closer to 50% of our goal or if we have a longer road ahead. Having a number in mind will allow local leaders to inform their future decisions.”

The completed report is expected to be released in August of 2025.

You May Also Like
Nearly a dozen local hospitality pros honored at Visit Tampa Bay luncheon

Visit Tampa Bay has recognized 11 Tampa Bay area hospitality industry professionals for their roles in promoting tourism in the region and ensuring a positive visitor experience. The industry leaders

Read More
Metropolitan Ministries launches crisis campaign to address surging needs amid skyrocketing housing costs

Metropolitan Ministries is seeking community support for families facing homelessness or other dire situations as housing and other costs continue to rise.  The organization, which serves those who are homeless

Read More
National Puerto Rican Chamber partners with the Tampa Bay Latin Chamber to grow the small business ecosystem in Tampa

The National Puerto Rican Chamber of Commerce is partnering with the Tampa Bay Latin Chamber of Commerce to strengthen the small business ecosystem across Tampa, Central Florida and Puerto Rico.

Read More
Craig Richard shares five takeaways from the Tampa Bay EDC’s annual meeting (PHOTOS)

Tampa Bay’s business heavy hitters packed into the Seminole Hard Rock Hotel and Casino Tampa to hear the annual update from the Tampa Bay Economic Development Council. The theme this

Read More
Other Posts
St. Petersburg Area Economic Development Corp. names new president and CEO

Michael D. Swesey has been named president and chief executive officer of the St. Petersburg Area Economic Development Corporation. Swesey has more than 30 years of economic development experience. He

Read More
Tampa Bay Economic Development Council named Top International Economic Development Organization

The Tampa Bay Economic Development Council was honored with the International Economic Development Council’s Gold Economic Development Organization of the Year Excellence Award for 2023, in the large market category

Read More
Leaders of two downtown partnerships are learning from each to create a ‘downtown for all’ 

Collaboration is brought up a lot when speaking to various economic development entities, either the lack thereof or the presence of it, and its benefits.  So what happens when two

Read More
Sun Coast Transportation Planning Alliance launches survey about regional MPO

The Tampa Bay Partnership is working to raise community awareness of a community survey regarding the potential for a regional Metropolitan Planning Organization. The Sun Coast Transportation Planning Alliance has

Read More