House Bill 409 establishes new provisions for the adaptive reuse of land in Florida by creating sections 125.01056, 166.04152, and 166.04153 in the Florida Statutes. The bill requires counties and municipalities to permit multifamily and mixed-use residential developments in areas zoned for commercial, industrial, or mixed use, and allows hotels or motels to operate as transitional housing when an adaptive reuse project is approved. It also streamlines the permitting process, exempts developers from certain land regulations, and allows for reduced parking requirements under specific conditions. Additionally, the bill offers tax exemptions and reductions in impact fees for developers involved in affordable housing projects.

The legislation also establishes the Adaptive Reuse Public-Private Partnership Council, which will oversee and evaluate adaptive reuse projects, ensuring compliance and reporting to the Governor and Legislature annually. The new section 166.04153 allows municipalities to adopt ordinances for transitional housing, specifying criteria for properties to qualify, such as being a hotel or motel with at least 50 units. The act aims to promote economic revitalization, address affordable housing needs, and encourage sustainable development through the effective redevelopment of underutilized properties, with an effective date set for July 1, 2025.