SB 102 (Calatayud) is a comprehensive housing bill that sunsets after 10 years. Of interest to municipalities:  

Funding and Tax Credits

•The bill proposes over $700 million for affordable housing programs including $252 million for SHIP, $259 million for SAIL and $100 million dollars for the Florida Hometown Hero Housing Program.

•The bill creates a new Live Local Corporate Tax Donation program for taxpayers to donate funds directly to the Florida Housing Finance Corporation (FHFC) for the SAIL program in return for tax credits against corporate and insurance liability tax.

Affordable housing tax exemptions

•The bill authorizes municipalities to provide property tax incentives for developments that serve households at 50% AMI or below.

Zoning and Land Use

•The bill preempts municipalities’ regulation on zoning, density and height for certain multi-family affordable housing developments in commercial areas as well as prohibits any local government from enacting rent control.

•The bill also requires municipalities to post an inventory of lands appropriate for affordable housing on its website. (Branch)