The proposed bill establishes the "Homes for Veterans Property Management Incentive Pilot Program" under a new section, 83.684, of the Florida Statutes. This program aims to provide incentives for landlords in Broward, Escambia, Hillsborough, and Santa Rosa Counties to help address veteran homelessness. The Florida Housing Finance Corporation will oversee the program in collaboration with local public housing authorities and case managers from the Department of Veterans Affairs. The bill introduces two trust funds: the Vacancy Relief Trust Fund, which compensates landlords for holding vacant units for veterans, and the Risk Mitigation Trust Fund, which covers property damage caused by veterans beyond the security deposit.

Landlords can apply for funding from these trust funds under specific conditions, including submitting required documentation within designated timeframes. The Vacancy Relief Trust Fund allows landlords to receive proportional rent for up to 45 days while waiting for a veteran to move in, while the Risk Mitigation Trust Fund provides up to $2,000 for property loss. The bill stipulates that funding will be awarded on a first-come, first-served basis and requires the corporation to adopt rules for implementation. The act is set to take effect on July 1, 2026, contingent upon the passage of related legislation.