This bill amends several sections of Florida Statutes to enhance the provision of affordable housing and streamline certain requirements for construction projects in areas of critical state concern. Specifically, it revises the criteria for property used for affordable housing to qualify for an ad valorem tax exemption, allowing portions of multifamily projects to be eligible if they provide affordable housing to qualifying individuals or families. The bill also modifies the requirements for performance and payment bonds, exempting contractors from these requirements under specific conditions, particularly when working on properties leased to Habitat for Humanity in critical state concern areas.

Additionally, the bill extends the time frame for spending Florida Forever appropriations on land acquisition in the Florida Keys Area of Critical State Concern from the 2026-2027 fiscal year to the 2035-2036 fiscal year. This change aims to prioritize conservation efforts and ensure that funds are allocated effectively for land management and public access initiatives. The bill is set to take effect on July 1, 2026.

Statutes affected:
S 934 Filed: 196.1978, 259.105