FL S2078

Creates a pilot program administered by the Department of Community Affairs to redevelop antiquated subdivisions recorded or approved before February 1, 1992, where less than 30 percent has been built.

Eligible local governments must be counties with 150,000+ population or municipalities with 50,000+ population and must have more than 75,000 platted lots in antiquated subdivisions, an existing transferable density program, and designated sending and receiving zones.

Provides landowners who relinquish development rights with up to three density credits per density unit severed, or up to four credits if relinquishing eight or more contiguous lots or four or more lots in high environmental quality areas.

Requires owners receiving density credits to execute a perpetual restrictive covenant limiting property use to agricultural, conservation, or environmental purposes; credits may be transferred or sold to receiving zones designated for residential use.

Requires the Office of Program Policy Analysis and Government Accountability to submit a report to the Legislature by February 1, 2018, analyzing the program's impact on unproductive platted lots and the economy; program expires December 31, 2020.