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Originally Posted by TWAK
It is a progressive law and adds more state government control lol. Libertarian would be like Houston or something, where you can just zone whatever the heck you want or have no entity deciding.
CA has done (or tried to do) similar things since local governments can't be trusted with low-income housing. Doesn't mean it's a bad thing, but let's not be so incorrect with what it really is. I think the new law for CA allows the state to punish localities for not meeting housing needs and gives their funds to other cities. The tip to developers is the rent control stuff in there.
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I'm working on an affordable rental housing deal right now in CA. The cost per unit is $1,000,000. Whatever CA is doing it's not efficient. This deal is 140 units using federal tax credits and nearly $70 million in state and local subsidy.
Amyway the Florida law sounds pretty reasonable.