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- 👀 Pasco’s $585M Boost, Mortgage Rates After Trade Deal & Caribbean Flavors
👀 Pasco’s $585M Boost, Mortgage Rates After Trade Deal & Caribbean Flavors
Check out what's happening in the Pasco and Tampa economies this week.
Sean Bates
May 15, 2025
Happy Thursday!
There’s a lot happening in Pasco County this week!
Pasco County is set to receive $585.7 million in federal storm relief funding — a crucial step in rebuilding after last year’s hurricanes.
Meanwhile, Wesley Chapel’s food scene just got a bold new addition with the opening of Tallo, a Caribbean-American fusion restaurant.
Plus, we’re breaking down how China’s trade deal could impact your mortgage rate.
Let’s dive in. ⬇️
—Sean
🌸 Our Top 3 Things to Do This Weekend
in Pasco County
Friday: NPJG - Parent's Night Out for ages 5-12
Give your kids a night of supervised fun with games, activities, and pizza while you enjoy some time to yourself! Don’t forget a refillable water bottle, pajamas, pillow, and blanket. Closed-toe shoes and a jacket may be needed for outdoor play.
📍 Location: John Geigle (North Pinellas) YMCA Branch, 4550 Village Center Drive, Palm Harbor, FL 34685
📅 Date & Time: May 16, 6:00 PM - 9:00 PM
🌐 Website: ymcasuncoast.org
Saturday: JPG - Dinner Theatre for ages 18 & Up
Step into the Suncoast Broadway Dinner Theatre for a memorable performance of My Fair Lady. Enjoy a delicious meal and a captivating show.
📍 Location: James P Gills YMCA Branch, 8411 Photonics Drive, New Port Richey, FL 34655
📅 Date & Time: May 17, 12:00 PM - 5:00 PM
🎟️ Tickets: $68 per person
🌐 Website: suncoastbroadway.com
Sunday: The John Ford Blues Society - Tarpon Springs Distillery
Experience the soulful sounds of John Ford as he brings pre-war blues, old school country, and southern gospel to life. Dive into the roots of the blues and hear stories behind the songs.
📍 Location: Tarpon Springs Distillery, 605 N Pinellas Ave, Tarpon Springs, FL
📅 Date & Time: May 18, 2:30 PM - 6:30 PM
🌐 Website: johnfordblues.com
💰 Pasco County to Receive $585.7 Million in Federal Storm Relief Grant
Driving the news: Pasco County is set to receive $585.7 million in federal funding through a Community Development Block Grant from the Department of Housing and Urban Development (HUD).
The funds will support storm relief efforts after Hurricanes Idalia, Helene, and Milton devastated the region.
Details:
The funding will address housing, infrastructure, economic revitalization, public services, and planning.
Last fall, more than 800 homes were destroyed in Pasco County due to the hurricanes.
Public meetings will be held starting Tuesday in Zephyrhills to gather community input on how the funds should be allocated.
The county’s action plan detailing the proposed use of funds is scheduled to be released on Monday.
Why it matters: The grant is a critical opportunity for Pasco County to rebuild stronger and more resiliently after last year’s hurricanes.
The funds will not only help repair damaged homes but also improve infrastructure to prevent future disasters.
The bottom line: Pasco County’s $585.7 million grant represents a significant step toward rebuilding homes, infrastructure, and lives after the devastating storms.
Residents are encouraged to participate in public meetings to have a say in how the funds are spent.
🔥 Wesley Chapel’s Hottest New Spot?
Tallo Just Opened!
Tallo, a Caribbean-American fusion restaurant, is now open at 4424 Friendly Way, Suite 105. Owned by José Sato, Tallo brings bold island flavors to Wesley Chapel’s dining scene.
Grand Opening: Thursday, May 15, 6 PM - 9 PM
Special: Half-off bottles of wine
🌟 Must-Try Dishes:
Garlic Surf and Turf – Filet mignon, lobster, and garlic cream sauce
Puerto Rican Churrasco – Skirt steak with chimichurri, and Puerto Rican fried rice and beans
🍸 Cocktail Standouts:
Tallo Sour – A twist on the classic sour with vodka
Tourista – Rum-forward with smoked bubbles
Wesley Chapel’s food scene just got a lot more flavorful. Check it out!
🏡 Luxurious $730,000 End-Unit Home!
This 3-bed, 3.5-bath end-unit offers rare privacy and big upgrades: new roof, fresh flooring, updated systems, and sleek finishes in every room.
Located steps from Tampa’s waterfront, Amalie Arena, top restaurants, and schools—this one checks every box.
📍 501 Knights Run Ave APT 5101, Tampa, FL 33602
📞 Reach out now to schedule your private tour—this won’t sit long.
📊 What China’s Trade Deal Means for
Your Mortgage Rate
Driving the news: Pasco County is set to receive $585.7 million in federal funding through a Community Development Block Grant from the Department of Housing and Urban Development (HUD).
The funds will support storm relief efforts after Hurricanes Idalia, Helene, and Milton devastated the region.
Details:
The funding will address housing, infrastructure, economic revitalization, public services, and planning.
Last fall, more than 800 homes were destroyed in Pasco County due to the hurricanes.
Public meetings will be held starting Tuesday in Zephyrhills to gather community input on how the funds should be allocated.
The county’s action plan detailing the proposed use of funds is scheduled to be released on Monday.
Why it matters: The grant is a critical opportunity for Pasco County to rebuild stronger and more resiliently after last year’s hurricanes.
The funds will not only help repair damaged homes but also improve infrastructure to prevent future disasters.
The bottom line: Pasco County’s $585.7 million grant represents a significant step toward rebuilding homes, infrastructure, and lives after the devastating storms.
Residents are encouraged to participate in public meetings to have a say in how the funds are spent.
📊 Our Current Local Market Data:
The Tampa Bay housing market is shifting into a more balanced phase after years of rapid growth. As of March 2025, the median home price is $429,575—up 4.5% year-over-year, but with a slower pace than in past years.
Inventory is rising, giving buyers more options, while homes are taking longer to sell, with a median of 33 days on the market. This offers more negotiation power for buyers, especially on listings that have been sitting for weeks.
Despite higher insurance costs and affordability concerns, Tampa remains attractive thanks to its strong job market in healthcare, tech, and finance. The region continues to grow, both economically and in population.
Sellers should focus on competitive pricing and presentation, while buyers now have better leverage. Even with current challenges, Tampa Bay is positioned for steady growth and remains a market to watch in 2025.
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If you’re curious how much your home could sell for now, then reply “What’s my home value” or you can get an estimated value here.
Or if you’re just curious about how the current market affects your situation & what’s going on in your specific neighborhood, just reply & ask.
📰 In Other News:
Drive high-performance vehicles on the track at Tampa’s 200-acre motorsports playground
Bucs land four primetime games in an exciting 2025 schedule
Construction Begins on State-of-the-Art PCFR Station 2 in Wesley Chapel
Pasco launches program to lower risk of mosquito-borne disease
That’s all for today, I hope you have an amazing week!
a custom market or home value report
a home services list for a reliable contractor or services professional
feedback or a professional opinion on a home project
Just let me know! We’re here to help with all your home needs.
Talk soon,
- Sean, and the Bello Home Team
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