Rising home prices and sustained population growth has resulted in an affordability crunch affecting many of Florida’s top housing markets. In fact, six of the nation’s hottest rental markets are in the Sunshine State....more
The Live Local Act (S.B. 102) incorporated relief from sales tax for building materials used in eligible residential units that have a recorded FHFC agreement.
What Residential Units Qualify: An eligible residential unit...more
4/18/2023
/ Affordable Housing ,
Community Development ,
Construction Project ,
Florida ,
Land Developers ,
Low Income Housing ,
Low-Income Issues ,
Real Estate Development ,
Sales Tax ,
Tax Reform ,
Urban Planning & Development
Over the past several years, the Florida legislature has increased and expanded the tax exemptions for affordable housing projects in order to incentivize the development of additional affordable housing projects. In Senate...more
4/12/2023
/ Ad Valorem Tax ,
Affordable Housing ,
Construction Project ,
Florida ,
High Growth Segment ,
Housing Market ,
Infrastructure ,
Real Estate Development ,
Real Estate Market ,
Tax Exemptions ,
Urban Planning & Development
Governor Ron DeSantis signed into law Senate Bill 102 (“Live Local Act” or the “Act”) on March 28, 2023. The majority of the Live Local Act will go into effect on July 1, 2023, with certain provisions pertaining to tax...more
4/3/2023
/ Affordable Housing ,
Construction Project ,
Critical Infrastructure Sectors ,
Florida ,
Housing Market ,
Low Income Housing ,
Low-Income Issues ,
New Legislation ,
Preemption ,
Property Tax ,
Public Land ,
Real Estate Development ,
State and Local Government ,
Tax Incentives ,
Urban Planning & Development
A lack of developable land in Florida, coupled with a rise in demand for commercial and residential real estate, is leading savvy investors to redevelop aging condominiums.
Originally Published in The Real Deal....more
If you are an owner or developer of affordable housing, we wanted to be sure you are aware of Florida Housing Finance Corporation’s (“FHFC”) Emergency Rule 67ER20-1, which creates incentives for owners of developments that do...more
5/7/2020
/ Affordable Housing ,
Coronavirus/COVID-19 ,
Emergency Rule ,
Florida ,
Housing Market ,
Incentives ,
Low Income Housing ,
Low-Income Issues ,
Real Estate Development ,
Rent ,
Rental Property ,
State and Local Government ,
Urban Planning & Development