summary
Introduced
02/13/2023
02/13/2023
In Committee
02/21/2023
02/21/2023
Crossed Over
Passed
Dead
05/05/2023
05/05/2023
Introduced Session
2023 Regular Session
Bill Summary
Creates Florida Hometown Hero Housing Program to be administered by Florida Housing Finance Corporation; provides purpose of program; specifies requirements for loans under program; authorizes corporation to underwrite & make such loans to specified borrowers; specifies borrowers who are ineligible for program.
AI Summary
This bill creates the Florida Hometown Hero Housing Program to be administered by the Florida Housing Finance Corporation. The program aims to assist frontline emergency workers, certain medical and health care personnel, and educators in purchasing a home as their primary residence. Under the program, eligible borrowers can reduce their down payment and closing costs by up to 5% of the first mortgage loan or $25,000, whichever is less. The loans must be made available at a 0% interest rate, and the balance is due at closing if the property is sold, refinanced, rented, or transferred, unless otherwise approved by the corporation. The program applies to qualifying home purchases on or after July 1, 2023.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Withdrawn prior to introduction; companion bill(s) passed, see CS/SB 102 (Ch. 2023-17) (on 03/01/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2023/771 |
| BillText | https://www.flsenate.gov/Session/Bill/2023/771/BillText/Filed/PDF |
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