HB 1297 — Affordable Housing in Counties Designated as Areas of Critical State Concern

F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB1297CS/HB1297 2024 A bill to be entitled An act relating to affordable housing in counties designated as areas of critical state concern;

conforming provisions to changes made by the act;

excluding land designated as an area of critical state concern within a specified time period from award requirements made to specified sponsors or persons for the purpose of providing eligible housing as a part of a local housing assistancePage plan;1of 8 CODING:

providing for expiration and Page 1of 7 CODING:

hb1297-02-c2hb1297-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB1297CS/HB1297 2024 retroactiveassistance applicability;plan;

providing for expiration and retroactive applicability;

requiring affordable housing financed with such funds to bemaintain usedits onlystatus to provide affordable housing for a specified period of time;

providing for distribution of such funds;

Paragraph (e)(b) of subsection (3)(1) of section 196.1979, Florida Statutes, is amended, and paragraph (d)Page is2of added8 toCODING: subsection (1) of that section, to read:

Page 2of 7 CODING:

hb1297-02-c2hb1297-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB1297CS/HB1297 2024 196.1979(e) Countyof subsection (3) of section 196.1979, Florida Statutes, are amended, and municipalparagraph affordable(d) housingis propertyadded exemption.—to subsection (1) (d)1.of that section, to read:

Notwithstanding196.1979 subparagraphCounty (1)(a)2.,and amunicipal affordable housing unitproperty locatedexemption.— within(1) the(b) FloridaQualified Keysproperty Areamay pursuantreceive toan s.ad valorem property tax exemption of:

380.05521. or the Key West Area pursuant to chapter 28-36, Florida Administrative Code, as amended, effective August 23, 1984, may be eligible for a tax exemption under this section if the housing unit otherwise meets the requirements of this section and the unit is being offered for rent.

Up to 75 percent of the assessed value of each residential unit used to provide affordable housing if fewer than 100 percent of the multifamily project's residential units are used to provide affordable housing meeting the requirements of this section.

InUp addition to the100 taxpercent exemptionsof otherwisethe providedassessed invalue thisif section, up to 100 percent of the assessedmultifamily valueproject's of a single-family residential unitunits orare aused residentialto duplexprovide locatedaffordable withinhousing meeting the Floridarequirements Keysof Areathis pursuantsection. to s.

380.0552 or the Key West Area pursuant to chapter 28-36, Florida Administrative Code, as amended, effective August 23, 1984, may be exempt if such property is used to provide affordable housing that meets the requirements of this section, other than subparagraph (1)(a)2., and the unit is being offered for rent.

Up to 100 percent of the assessed value if the residential unit is a single-family residential unit or a residential duplex, and such property is used to provide affordable housing meeting the requirements of this section.

(d)1.

Notwithstanding subparagraph (1)(a)2., a housing unit located within the Florida Keys Area pursuant to s.

380.0552 or the Key West Area pursuant to chapter 28-36, Florida Administrative Code, as amended, effective August 23, 1984, may Page 3of 8 CODING:

Words strickenare deletions;

words underlined are additions.

hb1297-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB1297 2024 be eligible for a tax exemption under this section if the housing unit meets the requirements of this section and the unit is being offered for rent.

2.

Paragraph (a) of subsection (9) of section Page380.0552, 3ofFlorida 7Statutes, CODING:is amended to read:

Words strickenare deletions;

words underlined are additions.

hb1297-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB1297 2024 380.0552, Florida Statutes, is amended to read:

1.Page 4of 8 CODING:

Words strickenare deletions;

words underlined are additions.

hb1297-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB1297 2024 1.

Goals, objectives, and policies to protect public Pagesafety 4ofand 7welfare CODING:in the event of a natural disaster by maintaining a hurricane evacuation clearance time for permanent residents of no more than 24 hours.

Words strickenare deletions;

words underlined are additions.

hb1297-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB1297 2024 safety and welfare in the event of a natural disaster by maintaining a hurricane evacuation clearance time for permanent residents of no more than 24 hours.

380.0666 Powers of land authority.—The land authority shall have all the powers necessary or convenient to carry out andPage effectuate5of the8 purposesCODING: and provisions of this act, including the following powers, which are in addition to all other powers granted by other provisions of this act:

(14) For affordable housing homeownership units, to require compliance with the income requirements under paragraph (3)(a) at the time of conveyance each time a unit is conveyed.

The original land authority funding or contribution shall be memorialized in a recordable perpetual deed restriction.

If the purchase receives state or federal funding and that state or Page 5of 7 CODING: