FL H0033

Establishes the Community Investment Program within the Department of Economic Opportunity to encourage private sector investment in economically disadvantaged communities (those with income not exceeding 80 percent of area median income).

Creates a seven-member Community Investment Council chaired by the executive director of the Department of Economic Opportunity, including the Chief Financial Officer, three Governor appointees, and one member each appointed by the President of the Senate and Speaker of the House.

Requires the Council to develop an annual database of economically disadvantaged communities, compile public sector funding resources, establish criteria for triple bottom-line investment funds (those generating living wage jobs, affordable housing, and environmental/social benefits), and submit annual progress reports to the Governor and Legislature.

Sets a goal of obtaining at least $1 million in new triple bottom-line investment fund investments in real estate developments and businesses located in economically disadvantaged communities by January 1, 2021.

Establishes a four-member legislative advisory committee comprised of two Senate members and two House members appointed by their respective chamber leaders, with bipartisan representation.