FL S1348

Defines "demonstrated capacity" for affordable housing providers as having completed at least three affordable housing projects in the United States within the preceding 5 years, with at least one completed in Florida

Creates new definition for "qualifying principal" as one or more persons owning at least 25 percent of a corporation, association, joint venture, or partnership

Requires "eligible housing providers" to have at least one qualifying principal with demonstrated capacity to construct or rehabilitate affordable housing

Adds demonstrated capacity requirement to the definition of "sponsor" for affordable housing projects

Updates cross-references in statutes governing affordable housing for young adults leaving foster care to reflect renumbered definitions