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FL S1016
Bill
AI Summary
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Expands the definition of "infrastructure" for local government infrastructure surtax purposes to include land acquisition, demolition of existing structures, and site preparation for affordable residential housing projects
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Requires that at least 30% of housing units on land acquired with surtax proceeds be affordable to households earning no more than 120% of area median income, with a 50-year affordability commitment (increased from previous unspecified terms)
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Authorizes local governments and special districts to enter into ground leases for construction, reconstruction, renovation, recapitalization, or residential occupancy of housing on acquired land, expanding beyond just initial construction
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Defines "residential housing" to include ancillary facilities such as laundry facilities, community rooms, and child care centers
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Takes effect July 1, 2020
Legislative Description
Discretionary Sales Surtaxes
Last Action
Died in Community Affairs
3/14/2020