House Bill 409 introduces new provisions in Florida law to facilitate the adaptive reuse of land, specifically by creating sections 125.01056 and 166.04152 in the Florida Statutes. The bill requires counties and municipalities to permit multifamily and mixed-use residential developments in areas designated for commercial, industrial, or mixed use. It also allows hotels and motels to operate as transitional housing when an adaptive reuse project is approved. Developers will benefit from exemptions from certain land regulations, a streamlined permitting process, and reduced parking requirements under specific conditions. Additionally, the bill offers tax exemptions and reductions in impact fees for affordable housing units within these projects.

To support these initiatives, the bill establishes the Adaptive Reuse Public-Private Partnership Council, which will oversee the evaluation and support of adaptive reuse projects. This council will consist of members from various sectors and will monitor compliance with regulations while reporting annually to the Governor and Legislature. The legislation aims to promote economic revitalization, address affordable housing needs, and encourage sustainable development by redeveloping underutilized properties. The act is set to take effect on July 1, 2025.