FL S0912

Adds Florida Housing Finance Corporation to definition of "state agency" and its board of directors as "agency head" under inspector general provisions, requiring the corporation's inspector general to submit annual reports within 90 days of fiscal year end.

Authorizes housing finance authorities to invest surplus funds in FDIC-insured deposits regardless of qualified public depository status, expanding investment options beyond current statutory limits.

Allows local comprehensive plans to include affordable housing elements specifically for seniors 60 years and older, with provisions for local government disposition of property conveyed for affordable housing development.

Revises State Housing Trust Fund allocation from fixed dollar caps to percentages (7.53% and 8.66% of remaining taxes), eliminating the prior $107 million and $136 million caps, and removes those amounts from future increase calculations.

Creates new definitions for "disabling condition" and "persons with special needs" to include individuals with substance abuse disorders, serious mental illness, developmental disabilities, chronic physical illness, young adults from foster care, domestic violence survivors, and SSDI/SSI/veterans' disability benefit recipients; adds persons with special needs as eligible group for State Apartment Incentive Loan Program with interest rates up to 3%.

Prohibits State and Local Government Housing Trust Fund appropriations for certain programs from financing newly constructed homes/rental units with initial certificates of occupancy after December 31, 2010 (homes) or 1996 (apartments), with exceptions for acquisitions and rehabilitation of existing structures; restriction expires July 1, 2012.