This bill amends several sections of Florida Statutes to enhance support for affordable housing and streamline certain construction requirements in areas of critical state concern. Specifically, it allows local governments to adopt ordinances providing ad valorem tax exemptions for portions of properties used for affordable housing, with specific conditions outlined for eligibility. The bill also modifies the requirements for multifamily projects, allowing for exemptions if one or more units are located in designated areas of critical state concern, and specifies that these units must be rented at or below certain income limits.

Additionally, the bill introduces an exemption from payment and performance bond requirements for contractors working on properties under long-term leases with Habitat for Humanity in areas of critical state concern. It also extends the timeline for spending allocated funds on land acquisition within the Florida Keys Area of Critical State Concern from the 2026-2027 fiscal year to the 2035-2036 fiscal year. The effective date for this act is set for July 1, 2026.

Statutes affected:
H 755 Filed: 196.1978, 259.105