Lincoln Avenue Communities Breaks Ground on New Affordable Family Housing in Largo

Lincoln Avenue Communities (LAC) has broken ground on Olea on 126 Apartments, a 144-unit affordable housing community for families in Largo, Florida. The project represents LAC’s latest ground-up construction in Southwest Florida and responds to documented demand for family-oriented, income-diverse housing in Pinellas County.

"Olea on 126 addresses a critical need in Pinellas County by providing quality housing options for families across multiple income levels," said Jordan Richter, LAC Vice President and Regional Project Partner. "LAC is excited to bring a development to Largo that combines affordability with quality amenities that help families thrive and build community connections."

The development will comprise three four-story buildings with two-, three- and four-bedroom apartments. The income mix includes 35 units for households at up to 40 percent of area median income (AMI), 72 units at up to 60 percent AMI, and 38 units at up to 80 percent AMI. On-site amenities will include a clubhouse, fitness center, pool, playground, covered patio and electric vehicle charging stations. Construction is underway, with completion anticipated in June 2027.

"We have so many folks that are trying to work in this community, whether they're teachers, hospitality workers, or first responders," said Dave Eggers, Chair of the Pinellas County Board of Commissioners. "A wide range of folks are looking for housing, a place to call home."

Lincoln Avenue Communities manages a national portfolio that spans 32 states and more than 170 properties, totaling over 30,500 units and housing in excess of 80,000 residents. Olea on 126 reflects an ongoing industry focus on delivering workforce and family housing that pairs affordability with resident-focused amenities and durability.

Multifamily Leadership will continue to track developments that shape housing availability and community outcomes in the multifamily sector and report on milestones as Olea on 126 progresses toward occupancy.