The proposed bill, titled the "Strengthening Home Ownership in Florida Act," aims to enhance residential land use development regulations by establishing clear distinctions between single-family residential use and single-family hybrid housing use. It introduces new sections in the Florida Statutes (ss. 125.01056 and 166.04155) that authorize counties and municipalities to designate land for either single-family residential use or single-family hybrid housing use. The bill emphasizes the importance of homeownership for community stability and economic prosperity, while also recognizing the evolving housing needs that require adaptable policies to promote inclusivity and economic diversity.

Key provisions of the bill include definitions for "single-family hybrid housing use" and "single-family residential use," which delineate the characteristics of each category. The legislation allows local governments to adopt land development regulations tailored to their specific housing needs and provides exemptions from certain regulatory requirements for builders and developers engaged in constructing new homes. The act is set to take effect on July 1, 2025, and aims to address the current lack of mechanisms ensuring that rezoning for single-family residential use translates into homeownership opportunities.