A plan to build 126 affordable apartments off of Price Boulevard was chosen earlier this month by the state for financing by Low-Income Housing Tax Credits, and would be the first new complex of its type to be built in the city since 2005. The complex, dubbed Palm Port, would be built on 8.44 acres on the southwest corner of Citizens Parkway and West Price Boulevard — immediately north of North Port Fire Rescue Station 84. Southport Development Inc., which will develop Palm Port under a subsidiary, SP Port LLC, built Grande Court Apartments, which opened in 2005, as a complex that featured both subsidized and market-rate apartments. Palm Port would feature six two- or three-story buildings that would contain a total of 50 three-bedroom, two-bath units; 72 two-bedroom, two-bath units; and four one-bedroom, one-bath apartments. The one-bedroom apartments would be 750 square feet; the two-bedroom units 950 square feet; and the three-bedroom units 1,200 square feet. “This is a positive thing for the city; we have a lot of people who struggle, and housing is a big need for our city,” said North Port Planning Manager Nicole Galehouse.
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