The proposed bill establishes the "Homes for Veterans Property Management Incentive Pilot Program" in Broward, Escambia, Hillsborough, and Santa Rosa Counties, aimed at providing incentives to landlords to help address veteran homelessness. The program is overseen by the Florida Housing Finance Corporation, which will work in consultation with local public housing authorities and case managers from the U.S. Department of Veterans Affairs. The implementation of the pilot program is contingent upon annual legislative appropriations. 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 after a veteran vacates the unit. The bill stipulates that funding will be awarded on a first-come, first-served basis and mandates the corporation to adopt rules for the program's implementation. The act is set to take effect on July 1, 2026, contingent upon the passage of related legislation.