Bill > H0627

This bill, titled the "Live Local Act," makes several key changes to housing policies in Florida: It removes the authority of local governments to adopt or maintain laws that impose rent controls, with some exceptions. It specifies requirements and restrictions for counties in approving housing developments, including mandating that counties authorize multifamily and mixed-use residential as allowable uses in certain commercial or industrial areas if at least 40% of the units are affordable housing. The bill authorizes local governments to adopt ordinances providing ad valorem tax exemptions for portions of property used to provide affordable housing. It revises the total amount of community contribution tax credits that may be granted, increases the sales tax exemption for building materials used in affordable housing construction, and authorizes the Florida Housing Finance Corporation to administer a new "Live Local Program" that provides tax credits for contributions to affordable housing initiatives. The bill also prohibits the deduction of a general revenue fund service charge on documentary stamp tax proceeds and provides various appropriations to support affordable housing programs.

Budget and Finance, Government Affairs

State Affairs Committee (House), Ways & Means Committee (House)

https://www.flsenate.gov/Session/Bill/2023/627