Bill > S1604

This bill establishes the Vacancy Relief and Risk Mitigation Trust Fund within the Florida Housing Finance Corporation, a state agency responsible for affordable housing programs. The fund is intended to support the Homes for Veterans Property Management Incentive Pilot Program, which aims to help veterans find housing. Any money left in the fund at the end of a fiscal year will automatically carry over to the next year for the same purpose, a provision that overrides standard state budget rules regarding unspent funds. The trust fund is scheduled to be reviewed and will automatically terminate on July 1, 2030, unless the Legislature decides to extend or re-create it. This bill will only become law if another specific bill, SB 1602, or similar legislation, is also passed during the same legislative session, and it will take effect on July 1, 2026.

Budget and Finance

Appropriations Committee on Transportation, Tourism, and Economic Development (Senate), Military and Veterans Affairs, Space, and Domestic Security (Senate)

https://www.flsenate.gov/Session/Bill/2026/1604