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FL H1593
Bill
Status
Failed
6/16/2025
Primary Sponsor
Dotie Joseph
Click for details
AI Summary
- Business entities with an interest in more than 100 single-family residential properties in Florida are prohibited from purchasing additional single-family residential properties and subsequently leasing or renting them
- "Business entity" includes corporations, LLCs, partnerships, REITs, and other legal entities, but exempts nonprofit organizations and entities primarily engaged in acquisition, rehabilitation, or construction of market rate or affordable housing
- Sellers of single-family residential property to a violating business entity are shielded from liability for the entity's violations
- The Attorney General may bring civil actions for violations, with mandatory remedies including a $100,000 civil penalty per violation, forced sale of the property to a natural person or independent third party within 1 year, and reasonable attorney fees and costs
- Effective date is July 1, 2025, and the bill is cited as the "Real Affordable Housing Relief Act"
Legislative Description
Ownership of Single-family Residential Property by Business Entities
Last Action
Died in Housing, Agriculture & Tourism Subcommittee
6/16/2025
Committee Referrals
Housing, Agriculture & Tourism Subcommittee3/5/2025
Full Bill Text
No bill text available