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Old Posted Mar 29, 2023, 9:16 PM
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Florida’s $711M Affordable Housing Bill Becomes Law

Florida’s $711M affordable housing bill becomes law
https://therealdeal.com/miami/2023/0...l-becomes-law/

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DeSantis signed Senate Bill 102, known as the Live Local Act, on Wednesday, days after the legislation passed in the Florida House of Representatives. In addition to setting aside funds for affordable housing, the law will supersede local governments’ zoning, density and height requirements for affordable housing in areas zoned for commercial or mixed-use development. It also strips local municipalities’ ability to enact rent control, which was previously only possible during a housing emergency.

Local governments would be required to allow multifamily or mixed-use residential projects that set aside at least 40 percent of the residential component for affordable housing for a period of at least 30 years. For projects allocating at least 65 percent of the square footage to residential, a county would not be able to restrict the height of a proposed development below what’s currently allowed within one mile of the planned project.
https://www.connectcre.com/stories/d...kage-into-law/

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$259 million to provide low interest loans to developers building workforce housing, with .$150 million of these funds recurring for certain specified uses.
$252 million to provide local governments with incentives to build partnerships with developers who are preserving available housing or producing more housing.
$100 million for the Florida Hometown Heroes Housing Program to provide down payment and closing cost assistance to first-time home buyers with a focus on law enforcement, first responders, teachers, active-duty military, and military veterans.
$100 million to implement a loan program to alleviate inflation-related cost increases for FHFC-approved housing projects
https://www.orlandosentinel.com/poli...rbq-story.html

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Passidomo said the law “will make sure Floridians can live close to good jobs, schools, hospitals, and other critical centers of our communities that fit comfortably in their household budgets, no matter the stage of life or income.”
The bill passed the House 103-6 on Friday, having won unanimous approval in the Senate earlier in the month.
Cynthia Laurent, a housing justice campaigner with nonprofit Florida Rising, agreed the bill doesn’t meet the needs of service workers and other low-wage employees in the state.

“It leaves out a large swath of our population that keeps our economy going,” Laurent said.

**This law will bring changes especially to commercial and industrial zones, while also intending to transform vacant strip malls and commercial developments into housing.
However, this law will strip some rights away from local legislation, which will cause controversy.
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  #2  
Old Posted Mar 29, 2023, 9:28 PM
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Good, more of this is needed, across the country. Step in the right direction. Local governments have been the cancer when it comes to building units that are very much needed. More housing... good supply to not have ridiculous prices, and many folks benefit.
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  #3  
Old Posted Mar 29, 2023, 11:00 PM
edale edale is offline
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This feels oddly progressive for Florida. Surprised DeSantis signed it.
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Old Posted Mar 29, 2023, 11:10 PM
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Originally Posted by edale View Post
This feels oddly progressive for Florida. Surprised DeSantis signed it.
Not really that out of character for him. At the root of this it is removing power locally and consolidating it under his dictatorship and its a move towards eliminating certain zoning. In theory that is good, in practice it is going to be circus of development. Call me skeptical but this feels a bit of a scheme in favor of developers in the guise of helping those in need.
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Old Posted Mar 29, 2023, 11:19 PM
bossabreezes bossabreezes is offline
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This isn't a ''progressive'' law. Progressive ideology tends to restrict more and add more government control over everything. This is a libertarian leaning law, removing red tape and removing government control over things.

Very good news btw, Florida has a housing issue.
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  #6  
Old Posted Mar 30, 2023, 12:55 AM
Toasty Joe Toasty Joe is offline
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Originally Posted by bossabreezes View Post
This isn't a ''progressive'' law. Progressive ideology tends to restrict more and add more government control over everything. This is a libertarian leaning law, removing red tape and removing government control over things.

Very good news btw, Florida has a housing issue.
Most progressives I know are YIMBYs who support fewer restrictions on housing in order to tackle the rising cost of home ownership for average Americans. One of the few areas progressives and conservatives should align (in theory).

There are absolutely people (i.e. wealthy homeowners in the Bay Area) who claim to be progressive but oppose density. They may be progressive on some issues like LGBTQ rights, but I wouldn't call them progressives.
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Old Posted Mar 30, 2023, 1:06 AM
twinpeaks twinpeaks is offline
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Originally Posted by bossabreezes View Post
This isn't a ''progressive'' law. Progressive ideology tends to restrict more and add more government control over everything. This is a libertarian leaning law, removing red tape and removing government control over things.

Very good news btw, Florida has a housing issue.
This is far from libertarian. This is government stepping in to provide money and incentives, and control over local laws. This is socialism. Very good news btw, Florida has a housing issue.

Last edited by twinpeaks; Mar 30, 2023 at 1:16 AM.
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  #8  
Old Posted Mar 30, 2023, 2:45 AM
mhays mhays is offline
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A step in the right direction it sounds.

The dollars seem like a drop in the bucket by my region's standards, but opening up the land use code could be big.
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  #9  
Old Posted Mar 30, 2023, 3:06 AM
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Quote:
Originally Posted by bossabreezes View Post
This isn't a ''progressive'' law. Progressive ideology tends to restrict more and add more government control over everything. This is a libertarian leaning law, removing red tape and removing government control over things.

Very good news btw, Florida has a housing issue.
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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Old Posted Mar 30, 2023, 3:40 AM
Vlajos Vlajos is offline
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Originally Posted by TWAK View Post
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.
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.
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  #11  
Old Posted Mar 30, 2023, 3:47 AM
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Originally Posted by Vlajos View Post
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.
Depends on where it is and what metro. One can't expect things to be cheap in the Bay Area or LA as things just cost more, especially real estate. I don't think the new law will do anything for the cost of these projects, besides being able to snatch funding away from another municipality if they screw up.
If it was in my area (poorest county in CA) then it wouldn't be as much.
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  #12  
Old Posted Mar 30, 2023, 4:08 AM
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After reading some of the posts on this thread, it seems that this law is a good step in the right direction for FL! It'a another win for win and another win for DeSantis. This should force FL to accept higher density in cities such as Miami, Miami Beach, Hialeah, Ft Lauderdale, & WPB, as well as you more spread out cities like Tampa, Orlando, Jacksonville, Gainesville, & Tallahassee.

I've seen spread out cities like Cape Coral and Port St Lucie exceed cities like Ft Myers & Ft Lauderdale, and I'd love to see more density happen in FL cities. Build higher and taller, as well as build more multifamily units. Miami is only 36 sq. mi., and this will help boost Miami's (and even Miami Beach's) population to new heights.
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  #13  
Old Posted Mar 30, 2023, 1:25 PM
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Lets see if developers choose to build workforce housing now when incentivized. I'm sure it won't happen in prime areas (like Brickell, Wynwood, Coconut Grove, Aventura, any beach, downtown Fort Lauderdale, Flagler Village, Boca Raton, West Palm Beach, etc. here in S Florida), but, more prime adjacent areas.
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  #14  
Old Posted Mar 30, 2023, 3:16 PM
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Progressives are definitely split between believing developers are the devil and advocating against anything that isn't 100% affordable to NIMBYs are the devil and prioritizing maximum density.

This FL law looks to be a step in the right direction. Too bad DeSantis doesn't run on policies like this instead of culture war bullshit.
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  #15  
Old Posted Mar 30, 2023, 3:45 PM
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Originally Posted by Kngkyle View Post
Progressives are definitely split between believing developers are the devil and advocating against anything that isn't 100% affordable to NIMBYs are the devil and prioritizing maximum density.

This FL law looks to be a step in the right direction. Too bad DeSantis doesn't run on policies like this instead of culture war bullshit.
Perhaps he's trying to appease the people who wouldn't normally vote for him, the people who need these policies the most that live in unadorable urban parts of the state.
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Old Posted Mar 30, 2023, 4:48 PM
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I'm not sure any of it will help though. We already have basically all these rules locally in South Florida anyway. Probably the most liberal zoning in the US when it comes to allowing height and density basically anywhere...and we are still the most unaffordable market in the US. As long as basically all new housing is snatched up by corporations to rent out as temporary rentals or Airbnb's. If someone can make $300 a night renting out their unit on a nightly basis it makes no sense to do anything else with it. Florida has already banned counties and cities trying to crack down on the practice in one of DeSantis' previous moves at checking local power.
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  #17  
Old Posted Apr 4, 2023, 3:03 AM
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Florida’s affordable housing law could “change the look of coastal cities”
https://therealdeal.com/miami/2023/0...oastal-cities/

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The law goes into effect July 1. Developers are expected to apply for incentives this summer, and receive funds next year.

Jake Morrow, who leads Miami-based Integra Investments’ affordable and workforce housing division, Interurban, pointed to the law’s ad valorem tax exemptions. The property tax breaks, which existed already for senior affordable housing, will provide a stimulus for affordable and workforce housing that meet specific criteria.

“Due to this legislation, we’re very actively taking a second look at several new affordable housing developments we previously deemed infeasible, especially in South Florida,” Morrow said. Interurban recently completed 670 affordable and workforce housing units in the tri-county region.
Developers are already looking at sites to build mixed-income projects, with affordable or workforce housing on the lower floors, and market-rate and luxury above it, said attorney Keith Poliakoff of Fort Lauderdale-based Government Law Group.

“I meet with potential and existing clients almost daily who are under contract on commercial properties, who would not be under contract if not for this law,” he said, citing pending deals in Sunny Isles Beach, Fort Lauderdale and Hollywood that have popped up in the last week.
Developers are already searching for properties, and it only took a week for pending deals.
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  #18  
Old Posted Aug 20, 2023, 3:38 AM
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The law recently went in effect, and high density development and complaining is in overdrive. In the past month there has been controversy surrounding the law, and a swath of backlash from local residents across South Florida. St. Petersburg and the Tampa Bay area is also preparing for a rush of Live Local housing projects.

https://www.miamiherald.com/news/bus...278059857.html

Here are some pieces from a Miami Herald Article featuring developer comments in bold:

Quote:
The money promised from the law, which earmarked $711 million in funding for various state housing programs, has yet to flow. The Florida Housing Finance Corporation, a state agency that manages the programs, has not yet released rules for competitive funding but said it will open applications Oct. 1.
But developers are already racing to figure out if they can take advantage of the zoning override provisions, consulting with land-use attorneys who have been putting out the word to recruit business, lawyers and business groups say, and approaching municipalities with preliminary development plans.
In South Florida, the Doral and Hollywood proposals are among the first to surface publicly statewide — and the first to run into what some experts say could be a wave of public opposition, as projects are submitted to counties and cities for approval.

Officials and residents say the Live Local law means they can’t say “no” or scale back plans by a developer who wants to build towers in the middle of a warehouse district or a low-scale downtown district, no matter how disruptive or how little sense it makes.

An overflow crowd packed a confrontational townhall meeting earlier this month to grill a developer over his Live Local Act colassal construction proposal. The plan calls for five new 10- and 12-story towers with 623 new apartments and 44,000 square feet of commercial space on the traffic-clogged southwest corner of Doral Boulevard and Northwest 97th Avenue.
Audience members booed and groaned out loud as the developer, Edward Abbo of Aventura-based The Apollo Companies, tried to downplay the effect of his proposed towers on the low-scale neighborhood.

Abbo’s proposal would set aside 250 units, or 40% of the total, as workforce or affordable housing as defined by the state. That 40% portion is the threshold under the new law to override local zoning. The law applies in all commercial, industrial and mixed-use districts, but exempts areas zoned only for residential construction.
Fraga noted that, under Live Local, the Apollo development proposal provides no opportunity to Doral, as it normally would, to negotiate if a developer wants more height or density than allowed by existing zoning to ensure a project scale compatible with the surroundings. Instead, under the state law a developer can go as high as the tallest building in a one-mile radius within the local jurisdiction, and match the density of the densest allowed local zoning.

In a subsequent letter to Doral officials, attorney Goldstein urged the council not to give final approval to the moratorium, which he argues would be illegal. He said the city has no choice under the new law but to approve Apollo’s project within 120 days of formal application.
Developer Abbo, during the townhall meeting, said he’s willing to work with residents to allay their concerns, though most appeared unpersuaded.
“We are not your enemy,” Abbo said. ”We’re here to work together and see how we can come up with a development that integrates well.”


The second proposal, along Hollywood’s famed two-mile beachfront Broadwalk, would require demolition of nine of the resort district’s modest but characteristic mid-Century motels.

“It’s a location that’s kind of a NIMBY location,” Konstam said, referring to “not in my backyard” opponents of development. “Obviously people don’t want any development of any size there. People are going to have their opinions. Others are absolutely excited.
“We didn’t propose an 18-story building the entire block, which we could have. Our goal is not to throw a monkey wrench into everyone’s area. We’re willing to work with the city and state to figure out this Live Local Act. We want everybody to be happy.”
The article goes on about another Hollywood beach proposal that'll tear down historic motels for an 18 story condo and mixed-use development. Likewise, the projects are using the definition of "affordable housing" via the state legislator which is 120% of the area's median income. Is this bill really helping local areas if it's meant to consider 120% of the area's income, or is it just a way to squeeze density? Regardless, the constant supply of market-rate and workforce housing under this bill will eventually lower prices in hot spots, and the article doesn't consider that. It also doesn't consider the "climate change" appeal it brought up.

How is high-density housing marketed to work-force groups subject to worsening climate change. The point of this bill is more climate change orientated than anything. How is allowing endless sprawl and pushing back on the Everglades that's already been partially drained, green? Allowing higher density housing to alleviate housing prices on the already built-out region seems like a no-brainer. Also, this article frames it that most people are against this, or is it that NIMBY's make the most noise? It's true, its disruptive to build 12-floor apartments in residential neighborhoods, but some developments being groaned-on about are silly. It's ironic how people will want affordable housing but then complain when its built near them.

Regardless, this will change the landscape of Florida, and will cause a wave of controversy for years to come. It also might serve a lesson for other regions willing to implement pro-housing laws.
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  #19  
Old Posted Aug 20, 2023, 3:15 PM
SnowFire SnowFire is offline
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Since this is florida, i am guessing this will boil down to a big handout for real estate devs and construction company owners.
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  #20  
Old Posted Aug 20, 2023, 3:21 PM
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Since this is florida, i am guessing this will boil down to a big handout for real estate devs and construction company owners.
It does at times seem to do the trick. Sort of how 421a Exemption aided in NY growth.

But I think the important concept is that its on the right track. Not just with Florida but other states. The conversation in other words is occurring and states are realizing they need to jump on more housing which is better than states twiddling their thumbs.

Is it ambitious... Nope! But its something... I think though many wish there was a more aggressive push for it. But sometimes a band aid is something to help the day go by. Its something...
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