Bill > S1348

This bill revises definitions and cross-references related to the Florida Housing Finance Corporation to clarify terminology used in affordable housing programs. Specifically, it defines "demonstrated capacity" for organizations seeking to develop affordable housing, requiring them to have successfully completed at least three affordable housing projects in the United States, with one in Florida, within the last five years, and that these projects involved a "qualifying principal," defined as someone owning at least 25% of the entity. The bill also updates cross-references in sections concerning affordable housing for young adults leaving foster care and for elderly individuals, ensuring consistency with the revised definitions.

https://www.flsenate.gov/Session/Bill/2026/1348