FL H0675

Exempts first-time homebuyers from documentary stamp taxes on deeds and mortgage documents when purchasing a principal residence, with eligibility limited to individuals with no home ownership in the prior 3 years who qualify as moderate-, low-, or very-low-income persons under s. 420.602

Increases the affordability period for rental units in multifamily developments seeking zoning variances in commercial, industrial, or mixed-use zones from 30 years to 50 years, while maintaining the requirement that at least 40% of units remain affordable

Requires that any incentives provided to developers by counties or municipalities (such as density bonuses, fee waivers, or reduced impact fees) must be used specifically for the construction of affordable housing

Reduces the maximum income threshold for the 75% property tax exemption on affordable multifamily housing units from 120% to 100% of area median income, while maintaining full exemption for units serving households at or below 80% AMI

Takes effect July 1, 2026