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Real Estate Market Florida Housing Market

Shutts & Bowen LLP

Florida’s New Statutory Home Warranty: What Home Builders Need to Know

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Florida Governor Ron DeSantis recently signed H.B. 623 into law on April 15, 2024, creating a new section 553.837, Florida Statutes, which will require builders to provide a one-year warranty for all newly constructed homes. ...more

Shutts & Bowen LLP

Florida Senate and House Approve Amendment to Live Local Act

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In 2023, the State of Florida adopted the Live Local Act (the “Act”), which seeks to incentivize the development of affordable housing by the private sector primarily by preempting local zoning laws and providing tax...more

Bilzin Sumberg

Live Local Act 2024 Passed by the Florida Legislature

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On February 28, 2024, the Florida House of Representatives passed Senate Bill 328 (“SB 328”), previously unanimously approved by the Florida Senate by a vote of 112 to 1. SB 328, regarded as the Live Local Act 2024 (“LLA...more

Bilzin Sumberg

What Developers and Investors Need to Know About Florida’s Live Local Act

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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

Bilzin Sumberg

Live Local Act: New Ad Valorem Tax Exemptions for Affordable and Workforce Housing

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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

Lowndes

The Risks Of Unnecessary Fla. Property Improvement Notices

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There’s no doubt about it, the U.S. real estate market is strong. With low interest rates and low unemployment rates, it is not surprising that the National Association of Realtors included parts of Florida among the top 10...more

Bilzin Sumberg

Miami-Dade County Zoning: Administrative Requirements of Workforce Housing Bonuses

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In 2007, the Miami-Dade County Board of County Commissioners adopted Ordinance No. 07-05, which created a voluntary Workforce Housing Development Program in order to encourage development of land available for residential use...more

Bilzin Sumberg

Miami Micro-Units Solve for Both Tenant Affordability and Developer Profitability

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Cities across America are facing an affordability crunch and housing in Miami is no different. The short supply of affordable housing is even scarcer in proximity to Miami’s central employment districts with no single...more

Bilzin Sumberg

What to Expect When Buying a Home in Miami

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While sellers enjoyed favorable conditions for years, Miami buyers finally have a reason to celebrate. In fact, a recent report placed Miami as the second-best real estate market for buyers....more

Bilzin Sumberg

La comisión del condado de Miami-Dade aprueba ordenanza de viviendas para trabajadores impulsadas a través de incentivos

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El 20 de diciembre de 2016, la Junta de Comisionados del Condado de Miami-Dade aprobó una ordenanza propuesta por la comisionada Barbara Jordan que dará incentivos a constructores para que ofrezcan unidades de vivienda a...more

Bilzin Sumberg

Miami-Dade County Commission Approves Incentive-Driven Workforce Housing Ordinance

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On December 20, 2016, the Miami-Dade County Board of County Commissioners approved an Ordinance proposed by Commissioner Barbara Jordan that provides incentives for builders to offer workforce housing units in new...more

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