The "Real Affordable Housing Relief Act" (House Bill 1493) proposes significant amendments to Florida's housing and rent control laws, primarily by lifting the existing prohibitions on local governments from enacting rent control measures. The bill establishes a framework for community land bank programs, allowing local entities to acquire and manage unimproved real property for affordable housing development. It outlines the necessary steps for municipalities to create community land bank plans, including public hearings and notifications, and sets forth conditions for property sales to land banks, ensuring these transactions serve a public purpose. Additionally, the bill introduces tax credits for specific housing projects and programs aimed at enhancing housing resilience.

The legislation also addresses issues of competition in the rental market by defining key terms and prohibiting practices that restrict competition among landlords. It imposes restrictions on business entities owning multiple single-family rental properties, including a waiting period for purchasing additional properties. The bill enhances consumer protection by allowing the consumer advocate to challenge rate filings and conduct investigations. Furthermore, it amends antitrust laws to impose civil penalties for violations and empowers the Attorney General to take civil actions on behalf of affected parties. Overall, House Bill 1493 aims to improve housing affordability, resilience, and regulatory compliance in Florida's housing sector, with an effective date set for July 1, 2026.

Statutes affected:
H 1493 Filed: 166.043, 420.0005, 420.9079, 542.21, 542.25, 542.32