1 | The Local Government Council recommends the following: |
2 |
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3 | Council/Committee Substitute |
4 | Remove the entire bill and insert: |
5 | A bill to be entitled |
6 | An act relating to affordable housing; creating s. |
7 | 125.379, F.S.; providing for disposition of county |
8 | property for affordable housing; amending s. 163.31771, |
9 | F.S.; conforming cross-references; amending s. 163.3187, |
10 | F.S.; revising a limitation relating to small scale |
11 | comprehensive plan amendments involving the construction |
12 | of affordable housing units; creating s. 166.0451, F.S.; |
13 | providing for disposition of municipal property for |
14 | affordable housing; amending s. 189.4155, F.S.; |
15 | authorizing independent special districts to provide for |
16 | employee housing and housing assistance; amending s. |
17 | 191.006, F.S.; authorizing independent special fire |
18 | control districts to provide employee housing and housing |
19 | assistance; amending s. 193.017, F.S.; authorizing the |
20 | Florida Housing Finance Corporation and the Department of |
21 | Revenue to annually set the capitalization rate used for |
22 | assessing just valuation of affordable housing properties; |
23 | creating s. 193.018, F.S.; creating the Manny Diaz |
24 | Affordable Housing Property Tax Relief Initiative; |
25 | providing criteria for assessing just valuation of |
26 | affordable housing properties serving persons of low, |
27 | moderate, very-low, and extremely low incomes; amending s. |
28 | 196.1978, F.S.; specifying what constitutes a nonprofit |
29 | entity for purposes of affordable housing property tax |
30 | exemption; conforming cross-references; amending s. |
31 | 201.15, F.S.; removing a cap on certain funds distributed |
32 | to the State Housing Trust Fund; amending ss. 212.08, |
33 | 220.183, and 624.5105, F.S.; increasing the amount of |
34 | available tax credits against the sales tax, corporate |
35 | income tax, and insurance premium tax, respectively, for |
36 | projects under the community contribution tax credit |
37 | program and providing separate annual limitations for |
38 | certain projects; revising requirements and procedures for |
39 | the Office of Tourism, Trade, and Economic Development in |
40 | granting tax credits under the program; conforming cross- |
41 | references; amending s. 253.034, F.S.; providing for the |
42 | disposition of state lands for affordable housing; |
43 | amending s. 295.16, F.S.; expanding the disabled veteran |
44 | exemption from certain license and permit fees relating to |
45 | dwelling improvements; amending s. 380.06, F.S.; providing |
46 | a greater substantial deviation threshold for the |
47 | provision of affordable housing in a development of |
48 | regional impact; conforming cross-references; amending s. |
49 | 380.0651, F.S.; providing a statewide guidelines and |
50 | standards bonus for the provision of workforce housing; |
51 | amending s. 420.0004, F.S.; defining the term "extremely |
52 | low-income persons"; conforming cross-references; |
53 | repealing s. 420.37, F.S., relating to additional powers |
54 | of the Florida Housing Finance Corporation; amending s. |
55 | 420.503, F.S.; revising the definition of the term |
56 | "farmworker" under the Florida Housing Finance Corporation |
57 | Act; providing rulemaking authority; amending s. 420.5061, |
58 | F.S.; conforming a cross-reference; amending s. 420.507, |
59 | F.S.; revising and expanding the powers of the Florida |
60 | Housing Finance Corporation relating to mortgage loan |
61 | interest rates, loans, loan relief, uses of loan funds, |
62 | subsidiary business entities, data reporting, and disaster |
63 | recovery and reconstruction; providing certain emergency |
64 | rulemaking authority; amending s. 420.5087, F.S.; |
65 | increasing the population criteria for the State Apartment |
66 | Incentive Loan Program; revising criteria for loans; |
67 | conforming cross-references; amending s. 420.5088, F.S.; |
68 | expanding the scope of the Florida Homeownership |
69 | Assistance Program; revising loan requirements; deleting a |
70 | provision reserving program funds for certain borrowers; |
71 | creating s. 420.5095, F.S.; creating the Community |
72 | Workforce Housing Innovation Program; providing the |
73 | Florida Housing Finance Corporation with certain powers |
74 | and responsibilities relating to the program; requiring |
75 | the program to target certain entities; requiring the |
76 | program to supplement existing affordable housing |
77 | programs; providing application requirements; providing |
78 | incentives for program applicants; amending s. 420.9071, |
79 | F.S.; conforming a cross-reference; amending s. 420.9072, |
80 | F.S.; conforming cross-references; amending s. 420.9075, |
81 | F.S.; requiring local housing assistance plans to define |
82 | essential service personnel for the county or eligible |
83 | municipality and to contain a strategy for the recruitment |
84 | and retention of such personnel; providing a goal for |
85 | provision of funds for homeownership for very-low-income |
86 | individuals; amending s. 420.9076, F.S.; revising a cross- |
87 | reference; amending s. 420.9079, F.S.; revising the |
88 | maximum appropriation the Florida Housing Finance |
89 | Corporation may request each state fiscal year; conforming |
90 | a cross-reference; amending s. 1001.42, F.S.; authorizing |
91 | district school boards to provide affordable housing for |
92 | certain teachers and other instructional personnel; |
93 | amending s. 1013.01, F.S.; providing that certain |
94 | affordable and workforce housing for teachers and other |
95 | school personnel may qualify as educational facilities; |
96 | amending s. 1013.15, F.S.; authorizing the board to rent |
97 | or lease certain property to school and instructional |
98 | personnel; providing appropriations; providing effective |
99 | dates. |
100 |
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101 | Be It Enacted by the Legislature of the State of Florida: |
102 |
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103 | Section 1. Section 125.379, Florida Statutes, is created |
104 | to read: |
105 | 125.379 Disposition of county property for affordable |
106 | housing.-- |
107 | (1) By January 1, 2007, and every 3 years thereafter, each |
108 | county shall prepare an inventory list of all real property |
109 | within its jurisdiction to which the county holds fee simple |
110 | title. The inventory list must include the address and legal |
111 | description of each real property and specify whether the |
112 | property is vacant or improved. County planning staff shall |
113 | review the inventory list and identify each property that is |
114 | appropriate for use as affordable housing. The time for |
115 | preparing the inventory list and its review by county planning |
116 | staff may not exceed 6 months. The properties identified as |
117 | appropriate for use as affordable housing may be offered for |
118 | sale and the proceeds used to purchase land for the development |
119 | of affordable housing or donated to the local housing trust |
120 | fund, sold with a restriction that requires any development on |
121 | the property to include a specified percentage of permanent |
122 | affordable housing, or donated to a nonprofit housing |
123 | organization for the construction of permanent affordable |
124 | housing. |
125 | (2) After completing an inventory list, the board of |
126 | county commissioners shall hold at least two public hearings to |
127 | discuss the inventory list and staff's recommendation concerning |
128 | which properties are appropriate for use as affordable housing. |
129 | The board shall comply with the provisions of s. 125.66(4)(b)1. |
130 | regarding the advertisement of the public hearings and shall |
131 | hold the first hearing no later than 30 days after completing |
132 | the inventory list. The board shall approve the inventory list |
133 | through the adoption of a resolution at the second hearing no |
134 | later than 6 months after completing the inventory list. |
135 | (3) After the inventory list has been approved by |
136 | resolution, the board of county commissioners shall immediately |
137 | make available any real property that has been identified in the |
138 | inventory list as appropriate for use as affordable housing. The |
139 | county shall make the surplus real property available to: |
140 | (a) A private developer if the purchase price paid by the |
141 | developer is not less than the appraised value of the property |
142 | based on its highest and best use and the real property is sold |
143 | with deed restrictions that require a specified percentage of |
144 | any project developed on the real property to provide affordable |
145 | housing for low-income and moderate-income persons, with a |
146 | minimum of 10 percent of the units in the project available for |
147 | low-income persons and another 10 percent of the units available |
148 | for moderate-income persons for a total minimum of 20 percent, |
149 | or, if providing rental housing or a combination of rental |
150 | housing and homeownership, an additional 5 percent of the units |
151 | available for very-low-income persons for a total minimum of 25 |
152 | percent; |
153 | (b) A private developer without any requirement that a |
154 | percentage of the units built on the real property be affordable |
155 | if the purchase price paid by the developer is not less than the |
156 | appraised value of the property based on its highest and best |
157 | use, in which case the county must use the funds received from |
158 | the developer to acquire real property on which affordable |
159 | housing will be built or donate the funds to the local housing |
160 | trust fund for the purpose of implementing the programs |
161 | described in ss. 420.907-420.9079; or |
162 | (c) A nonprofit housing organization, such as a community |
163 | land trust, housing authority, or community redevelopment agency |
164 | to be used for the production and preservation of permanent |
165 | affordable housing. |
166 | (4) The deed restrictions required under paragraph (3)(a) |
167 | for an affordable housing unit must also prohibit the sale of |
168 | the unit at a price that exceeds the threshold for housing that |
169 | is affordable for low-income or moderate?income persons or to a |
170 | buyer who is not eligible due to his or her income under chapter |
171 | 420. The deed restrictions may allow the affordable housing |
172 | units created under paragraph (3)(a) to be rented to extremely |
173 | low-income, very-low-income, low-income, or moderate-income |
174 | persons. |
175 | (5) For purposes of this section, the terms "affordable," |
176 | "low-income persons," "moderate-income persons," "very-low- |
177 | income persons", and "extremely low-income persons" have the |
178 | same meaning as in s. 420.0004. |
179 | Section 2. Paragraphs (d), (e), and (f) of subsection (2) |
180 | of section 163.31771, Florida Statutes, are amended to read: |
181 | 163.31771 Accessory dwelling units.-- |
182 | (2) As used in this section, the term: |
183 | (d) "Low-income persons" has the same meaning as in s. |
184 | 420.0004(10)(9). |
185 | (e) "Moderate-income persons" has the same meaning as in |
186 | s. 420.0004(11)(10). |
187 | (f) "Very-low-income persons" has the same meaning as in |
188 | s. 420.0004(15)(14). |
189 | Section 3. Paragraph (c) of subsection (1) of section |
190 | 163.3187, Florida Statutes, is amended to read: |
191 | 163.3187 Amendment of adopted comprehensive plan.-- |
192 | (1) Amendments to comprehensive plans adopted pursuant to |
193 | this part may be made not more than two times during any |
194 | calendar year, except: |
195 | (c) Any local government comprehensive plan amendments |
196 | directly related to proposed small scale development activities |
197 | may be approved without regard to statutory limits on the |
198 | frequency of consideration of amendments to the local |
199 | comprehensive plan. A small scale development amendment may be |
200 | adopted only under the following conditions: |
201 | 1. The proposed amendment involves a use of 10 acres or |
202 | fewer and: |
203 | a. The cumulative annual effect of the acreage for all |
204 | small scale development amendments adopted by the local |
205 | government shall not exceed: |
206 | (I) A maximum of 120 acres in a local government that |
207 | contains areas specifically designated in the local |
208 | comprehensive plan for urban infill, urban redevelopment, or |
209 | downtown revitalization as defined in s. 163.3164, urban infill |
210 | and redevelopment areas designated under s. 163.2517, |
211 | transportation concurrency exception areas approved pursuant to |
212 | s. 163.3180(5), or regional activity centers and urban central |
213 | business districts approved pursuant to s. 380.06(2)(e); |
214 | however, amendments under this paragraph may be applied to no |
215 | more than 60 acres annually of property outside the designated |
216 | areas listed in this sub-sub-subparagraph. Amendments adopted |
217 | pursuant to paragraph (k) shall not be counted toward the |
218 | acreage limitations for small scale amendments under this |
219 | paragraph. |
220 | (II) A maximum of 80 acres in a local government that does |
221 | not contain any of the designated areas set forth in sub-sub- |
222 | subparagraph (I). |
223 | (III) A maximum of 120 acres in a county established |
224 | pursuant to s. 9, Art. VIII of the State Constitution. |
225 | b. The proposed amendment does not involve the same |
226 | property granted a change within the prior 12 months. |
227 | c. The proposed amendment does not involve the same |
228 | owner's property within 200 feet of property granted a change |
229 | within the prior 12 months. |
230 | d. The proposed amendment does not involve a text change |
231 | to the goals, policies, and objectives of the local government's |
232 | comprehensive plan, but only proposes a land use change to the |
233 | future land use map for a site-specific small scale development |
234 | activity. |
235 | e. The property that is the subject of the proposed |
236 | amendment is not located within an area of critical state |
237 | concern, unless the project subject to the proposed amendment |
238 | involves the construction of affordable housing units meeting |
239 | the criteria of s. 420.0004(3), and is located within an area of |
240 | critical state concern designated by s. 380.0552 or by the |
241 | Administration Commission pursuant to s. 380.05(1). Such |
242 | amendment is not subject to the density limitations of sub- |
243 | subparagraph f., and shall be reviewed by the state land |
244 | planning agency for consistency with the principles for guiding |
245 | development applicable to the area of critical state concern |
246 | where the amendment is located and shall not become effective |
247 | until a final order is issued under s. 380.05(6). |
248 | f. If the proposed amendment involves a residential land |
249 | use, the residential land use has a density of 10 units or less |
250 | per acre or the proposed future land use category allows a |
251 | maximum residential density of the same or less than the maximum |
252 | residential density allowable under the existing future land use |
253 | category, except that this limitation does not apply to small |
254 | scale amendments involving the construction of affordable |
255 | housing units meeting the criteria of s. 420.0004(3) on property |
256 | which will be the subject of a land use restriction agreement or |
257 | extended use agreement recorded in conjunction with the issuance |
258 | of tax exempt bond financing or an allocation of federal tax |
259 | credits issued through the Florida Housing Finance Corporation |
260 | or a local housing finance authority authorized by the Division |
261 | of Bond Finance of the State Board of Administration, or small |
262 | scale amendments described in sub-sub-subparagraph a.(I) that |
263 | are designated in the local comprehensive plan for urban infill, |
264 | urban redevelopment, or downtown revitalization as defined in s. |
265 | 163.3164, urban infill and redevelopment areas designated under |
266 | s. 163.2517, transportation concurrency exception areas approved |
267 | pursuant to s. 163.3180(5), or regional activity centers and |
268 | urban central business districts approved pursuant to s. |
269 | 380.06(2)(e). |
270 | 2.a. A local government that proposes to consider a plan |
271 | amendment pursuant to this paragraph is not required to comply |
272 | with the procedures and public notice requirements of s. |
273 | 163.3184(15)(c) for such plan amendments if the local government |
274 | complies with the provisions in s. 125.66(4)(a) for a county or |
275 | in s. 166.041(3)(c) for a municipality. If a request for a plan |
276 | amendment under this paragraph is initiated by other than the |
277 | local government, public notice is required. |
278 | b. The local government shall send copies of the notice |
279 | and amendment to the state land planning agency, the regional |
280 | planning council, and any other person or entity requesting a |
281 | copy. This information shall also include a statement |
282 | identifying any property subject to the amendment that is |
283 | located within a coastal high-hazard area as identified in the |
284 | local comprehensive plan. |
285 | 3. Small scale development amendments adopted pursuant to |
286 | this paragraph require only one public hearing before the |
287 | governing board, which shall be an adoption hearing as described |
288 | in s. 163.3184(7), and are not subject to the requirements of s. |
289 | 163.3184(3)-(6) unless the local government elects to have them |
290 | subject to those requirements. |
291 | 4. If the small scale development amendment involves a |
292 | site within an area that is designated by the Governor as a |
293 | rural area of critical economic concern under s. 288.0656(7) for |
294 | the duration of such designation, the 10-acre limit listed in |
295 | subparagraph 1. shall be increased by 100 percent to 20 acres. |
296 | The local government approving the small scale plan amendment |
297 | shall certify to the Office of Tourism, Trade, and Economic |
298 | Development that the plan amendment furthers the economic |
299 | objectives set forth in the executive order issued under s. |
300 | 288.0656(7), and the property subject to the plan amendment |
301 | shall undergo public review to ensure that all concurrency |
302 | requirements and federal, state, and local environmental permit |
303 | requirements are met. |
304 | Section 4. Section 166.0451, Florida Statutes, is created |
305 | to read: |
306 | 166.0451 Disposition of municipal property for affordable |
307 | housing.-- |
308 | (1) By January 1, 2007, and every 3 years thereafter, each |
309 | municipality shall prepare an inventory list of all real |
310 | property within its jurisdiction to which the municipality holds |
311 | fee simple title. The inventory list must include the address |
312 | and legal description of each property and specify whether the |
313 | property is vacant or improved. Municipal planning staff shall |
314 | review the inventory list and identify each real property that |
315 | is appropriate for use as affordable housing. The time for |
316 | preparing the inventory list and its review by municipal |
317 | planning staff may not exceed 6 months. The properties |
318 | identified as appropriate for use as affordable housing may be |
319 | offered for sale and the proceeds used to purchase land for the |
320 | development of affordable housing or donated to the local |
321 | housing trust fund, sold with a restriction that requires any |
322 | development on the property to include a specified percentage of |
323 | permanent affordable housing, or donated to a nonprofit housing |
324 | organization for the construction of permanent affordable |
325 | housing. |
326 | (2) Upon completing an inventory list in compliance with |
327 | this section, the governing body of the municipality shall hold |
328 | at least two public hearings to discuss the inventory list and |
329 | the recommendation of the staff concerning which properties are |
330 | appropriate for use as affordable housing. The governing body |
331 | shall comply with s. 166.041(3)(c)2.a. regarding the |
332 | advertisement of the public hearings and shall hold the first |
333 | hearing no later than 30 days after completing the inventory |
334 | list. The governing body shall approve the inventory list |
335 | through the adoption of a resolution at the second hearing no |
336 | later than 6 months after completing the inventory list. |
337 | (3) After the inventory list has been approved by |
338 | resolution, the governing body of the municipality shall |
339 | immediately make available any real property that has been |
340 | identified in the inventory list as appropriate for use as |
341 | affordable housing. The municipality shall make the surplus real |
342 | property available to: |
343 | (a) A private developer if the purchase price paid by the |
344 | developer is not less than the appraised value of the property |
345 | based on its highest and best use and the real property is sold |
346 | with deed restrictions that require a specified percentage of |
347 | any project developed on the real property to provide affordable |
348 | housing for low-income and moderate-income persons, with a |
349 | minimum of 10 percent of the units in the project available for |
350 | low-income persons and another 10 percent of the units available |
351 | for moderate-income persons for a total minimum of 20 percent, |
352 | or, if providing rental housing or a combination of rental |
353 | housing and homeownership, an additional 5 percent of the units |
354 | available for very-low-income persons for a total minimum of 25 |
355 | percent; |
356 | (b) A private developer without any requirement that a |
357 | percentage of the units built on the real property be affordable |
358 | if the purchase price paid by the developer is not less than the |
359 | appraised value of the property based on its highest and best |
360 | use, in which case the municipality must use the funds received |
361 | from the developer to acquire real property on which affordable |
362 | housing will be built or donate the funds to the local housing |
363 | trust fund for the purpose of implementing the programs |
364 | described in ss. 420.907-420.9079; or |
365 | (c) A nonprofit housing organization, such as a community |
366 | land trust, housing authority, or community land trust, housing |
367 | authority, or community redevelopment agency to be used for the |
368 | production and preservation of permanently affordable housing. |
369 | (4) The deed restrictions required under paragraph (3)(a) |
370 | for an affordable housing unit must also prohibit the sale of |
371 | the unit at a price that exceeds the threshold for housing that |
372 | is affordable for low-income or moderate-income persons or to a |
373 | buyer who is not eligible due to his or her income under chapter |
374 | 420. The deed restrictions may allow the affordable housing |
375 | units created under paragraph (3)(a) to be rented to extremely |
376 | low-income, very-low-income, low-income, or moderate-income |
377 | persons. |
378 | (5) For purposes of this section, the terms "affordable," |
379 | "extremely low-income persons," "low-income persons," "moderate- |
380 | income persons," and "very-low-income persons" have the same |
381 | meaning as in s. 420.0004. |
382 | Section 5. Subsection (6) is added to section 189.4155, |
383 | Florida Statutes, to read: |
384 | 189.4155 Activities of special districts; local government |
385 | comprehensive planning.-- |
386 | (6) Any independent special district created pursuant to |
387 | special act or general law, including, but not limited to, this |
388 | chapter and chapters 190, 191, and 298, for the purpose of |
389 | providing urban infrastructure of services, is authorized to |
390 | provide housing and housing assistance for persons eligible |
391 | under s. 420.5095. |
392 | Section 6. Subsection (19) is added to section 191.006, |
393 | Florida Statutes, to read: |
394 | 191.006 General powers.--The district shall have, and the |
395 | board may exercise by majority vote, the following powers: |
396 | (19) To provide housing and housing assistance for persons |
397 | eligible under s. 420.5095. |
398 | Section 7. Subsection (5) is added to section 193.017, |
399 | Florida Statutes, to read: |
400 | 193.017 Low-income housing tax credit.--Property used for |
401 | affordable housing which has received a low-income housing tax |
402 | credit from the Florida Housing Finance Corporation, as |
403 | authorized by s. 420.5099, shall be assessed under s. 193.011 |
404 | and, consistent with s. 420.5099(5) and (6), pursuant to this |
405 | section. |
406 | (5) If a capitalization rate is used to assess just |
407 | valuation for the affordable housing property, the appraiser |
408 | shall use a capitalization rate that is comparable to a rate |
409 | used for nonaffordable market-based properties. |
410 | Section 8. Section 193.018, Florida Statutes, is created |
411 | to read: |
412 | 193.018 The Manny Diaz Affordable Housing Property Tax |
413 | Relief Initiative.-- |
414 | (1) For the purpose of assessing just valuation of |
415 | affordable housing properties serving persons with income limits |
416 | defined as extremely low, low, moderate, and very low, as |
417 | specified in s. 420.0004(8), (10), (11), and (15), the actual |
418 | rental income from rent-restricted units in such a property |
419 | shall be recognized by the property appraiser for assessment |
420 | purposes, and a rental income approach pursuant to s. 193.011(7) |
421 | shall be used for assessment of the rents for the following |
422 | affordable housing properties: |
423 | (a) Property that is funded by the United States |
424 | Department of Housing and Urban Development under s. 8 of the |
425 | United States Housing Act of 1937 that is used to provide |
426 | affordable housing serving eligible persons as defined by s. |
427 | 159.603(7) and elderly persons, extremely low-income persons, |
428 | and very-low-income persons as defined by s. 420.0004(7), (8), |
429 | and (15) and that has undergone financial restructuring as |
430 | provided in s. 501, Title V, Subtitle A of the Multifamily |
431 | Assisted Housing Reform and Affordability Act of 1997; |
432 | (b) Multifamily, farmworker, or elderly rental properties |
433 | that are funded by the Florida Housing Finance Corporation under |
434 | ss. 420.5087 and 420.5089 and the State Housing Initiatives |
435 | Partnership Program under ss. 420.9072 and 420.9075, s. 42 of |
436 | the Internal Revenue Code; the HOME Investment Partnership |
437 | Program under the Cranston-Gonzalez National Affordable Housing |
438 | Act, 42 U.S.C. s. 12741 et seq.; or the Federal Home Loan Banks' |
439 | Affordable Housing Program established pursuant to the Financial |
440 | Institutions Reform, Recovery and Enforcement Act of 1989, Pub. |
441 | L. No. 101-73; or |
442 | (c) Multifamily residential rental properties of 10 or |
443 | more units that are certified by the local housing agency as |
444 | having at least 95 percent of its units providing affordable |
445 | housing to extremely low-income persons, very-low-income |
446 | persons, low-income persons, and moderate-income persons as |
447 | defined by s. 420.0004(8), (15), (10), and (11). |
448 | (2) Properties used for affordable housing which have |
449 | received a low-income housing tax credit from the Florida |
450 | Housing Finance Corporation, as authorized by s. 420.5099, shall |
451 | be assessed with priority consideration given to the rental |
452 | income approach under s. 193.011(7) and, consistent with s. |
453 | 420.5099(5) and (6), pursuant to this section, the following |
454 | assumptions shall apply: |
455 | (a) The tax credits granted and the financing generated by |
456 | the tax credits may not be considered as income to the property. |
457 | (b) The actual rental income from rent-restricted units in |
458 | such a property shall be recognized by the property appraiser as |
459 | the real rents for assessing just value. |
460 | (c) Any costs paid for by tax credits and costs paid for |
461 | by additional financing proceeds received under chapter 420 may |
462 | not be included in the valuation of the property. |
463 | (d) If an extended low-income housing agreement is filed |
464 | in the official public records of the county in which the |
465 | property is located, the agreement, and any recorded amendment |
466 | or supplement thereto, shall be considered a land-use regulation |
467 | and a limitation on the highest and best use of the property |
468 | during the term of the agreement, amendment, or supplement. |
469 | Section 9. Section 196.1978, Florida Statutes, is amended |
470 | to read: |
471 | 196.1978 Affordable housing property exemption.-- |
472 | (1) Property used to provide affordable housing serving |
473 | eligible persons as defined by s. 159.603(7) and persons meeting |
474 | income limits specified in s. 420.0004(10)(9), (11)(10), and |
475 | (15)(14), which property is owned entirely by a nonprofit entity |
476 | which is qualified as charitable under s. 501(c)(3) of the |
477 | Internal Revenue Code and which complies with Rev. Proc. 96-32, |
478 | 1996-1 C.B. 717, shall be considered property owned by an exempt |
479 | entity and used for a charitable purpose, and those portions of |
480 | the affordable housing property which provide housing to |
481 | individuals with incomes as defined in s. 420.0004(10)(9) and |
482 | (15)(14) shall be exempt from ad valorem taxation to the extent |
483 | authorized in s. 196.196. |
484 | (2) For the purposes of this section, ownership entirely |
485 | by a nonprofit entity is classified as ownership by either: |
486 | (a) A corporation not for profit; or |
487 | (b) A Florida limited partnership the sole general partner |
488 | of which is either a corporation not for profit or a Florida |
489 | limited liability company or corporation the sole member or |
490 | shareholder, respectively, of which is a corporation not for |
491 | profit. |
492 | (3) All property owned by a nonprofit entity identified in |
493 | this section shall comply with the criteria for determination of |
494 | exempt status to be applied by property appraisers on an annual |
495 | basis as defined in s. 196.195. The Legislature intends that any |
496 | property owned by a limited liability company which is |
497 | disregarded as an entity for federal income tax purposes |
498 | pursuant to Treasury Regulation 301.7701-3(b)(1)(ii) shall be |
499 | treated as owned by its sole member. |
500 | Section 10. Effective July 1, 2007, subsections (9) and |
501 | (10) of section 201.15, Florida Statutes, as amended by section |
502 | 1 of chapter 2005-92, Laws of Florida, are amended to read: |
503 | 201.15 Distribution of taxes collected.--All taxes |
504 | collected under this chapter shall be distributed as follows and |
505 | shall be subject to the service charge imposed in s. 215.20(1), |
506 | except that such service charge shall not be levied against any |
507 | portion of taxes pledged to debt service on bonds to the extent |
508 | that the amount of the service charge is required to pay any |
509 | amounts relating to the bonds: |
510 | (9) The lesser of Seven and fifty-three hundredths percent |
511 | of the remaining taxes collected under this chapter or $107 |
512 | million in each fiscal year shall be paid into the State |
513 | Treasury to the credit of the State Housing Trust Fund and shall |
514 | be used as follows: |
515 | (a) Half of that amount shall be used for the purposes for |
516 | which the State Housing Trust Fund was created and exists by |
517 | law. |
518 | (b) Half of that amount shall be paid into the State |
519 | Treasury to the credit of the Local Government Housing Trust |
520 | Fund and shall be used for the purposes for which the Local |
521 | Government Housing Trust Fund was created and exists by law. |
522 | (10) The lesser of Eight and sixty-six hundredths percent |
523 | of the remaining taxes collected under this chapter or $136 |
524 | million in each fiscal year shall be paid into the State |
525 | Treasury to the credit of the State Housing Trust Fund and shall |
526 | be used as follows: |
527 | (a) Twelve and one-half percent of that amount shall be |
528 | deposited into the State Housing Trust Fund and be expended by |
529 | the Department of Community Affairs and by the Florida Housing |
530 | Finance Corporation for the purposes for which the State Housing |
531 | Trust Fund was created and exists by law. |
532 | (b) Eighty-seven and one-half percent of that amount shall |
533 | be distributed to the Local Government Housing Trust Fund and |
534 | shall be used for the purposes for which the Local Government |
535 | Housing Trust Fund was created and exists by law. Funds from |
536 | this category may also be used to provide for state and local |
537 | services to assist the homeless. |
538 | Section 11. Paragraphs (o) and (q) of subsection (5) of |
539 | section 212.08, Florida Statutes, are amended to read: |
540 | 212.08 Sales, rental, use, consumption, distribution, and |
541 | storage tax; specified exemptions.--The sale at retail, the |
542 | rental, the use, the consumption, the distribution, and the |
543 | storage to be used or consumed in this state of the following |
544 | are hereby specifically exempt from the tax imposed by this |
545 | chapter. |
546 | (5) EXEMPTIONS; ACCOUNT OF USE.-- |
547 | (o) Building materials in redevelopment projects.-- |
548 | 1. As used in this paragraph, the term: |
549 | a. "Building materials" means tangible personal property |
550 | that becomes a component part of a housing project or a mixed- |
551 | use project. |
552 | b. "Housing project" means the conversion of an existing |
553 | manufacturing or industrial building to housing units in an |
554 | urban high-crime area, enterprise zone, empowerment zone, Front |
555 | Porch Community, designated brownfield area, or urban infill |
556 | area and in which the developer agrees to set aside at least 20 |
557 | percent of the housing units in the project for low-income and |
558 | moderate-income persons or the construction in a designated |
559 | brownfield area of affordable housing for persons described in |
560 | s. 420.0004(8)(9), (11)(10), or (15)(14), or in s. 159.603(7). |
561 | c. "Mixed-use project" means the conversion of an existing |
562 | manufacturing or industrial building to mixed-use units that |
563 | include artists' studios, art and entertainment services, or |
564 | other compatible uses. A mixed-use project must be located in an |
565 | urban high-crime area, enterprise zone, empowerment zone, Front |
566 | Porch Community, designated brownfield area, or urban infill |
567 | area, and the developer must agree to set aside at least 20 |
568 | percent of the square footage of the project for low-income and |
569 | moderate-income housing. |
570 | d. "Substantially completed" has the same meaning as |
571 | provided in s. 192.042(1). |
572 | 2. Building materials used in the construction of a |
573 | housing project or mixed-use project are exempt from the tax |
574 | imposed by this chapter upon an affirmative showing to the |
575 | satisfaction of the department that the requirements of this |
576 | paragraph have been met. This exemption inures to the owner |
577 | through a refund of previously paid taxes. To receive this |
578 | refund, the owner must file an application under oath with the |
579 | department which includes: |
580 | a. The name and address of the owner. |
581 | b. The address and assessment roll parcel number of the |
582 | project for which a refund is sought. |
583 | c. A copy of the building permit issued for the project. |
584 | d. A certification by the local building code inspector |
585 | that the project is substantially completed. |
586 | e. A sworn statement, under penalty of perjury, from the |
587 | general contractor licensed in this state with whom the owner |
588 | contracted to construct the project, which statement lists the |
589 | building materials used in the construction of the project and |
590 | the actual cost thereof, and the amount of sales tax paid on |
591 | these materials. If a general contractor was not used, the owner |
592 | shall provide this information in a sworn statement, under |
593 | penalty of perjury. Copies of invoices evidencing payment of |
594 | sales tax must be attached to the sworn statement. |
595 | 3. An application for a refund under this paragraph must |
596 | be submitted to the department within 6 months after the date |
597 | the project is deemed to be substantially completed by the local |
598 | building code inspector. Within 30 working days after receipt of |
599 | the application, the department shall determine if it meets the |
600 | requirements of this paragraph. A refund approved pursuant to |
601 | this paragraph shall be made within 30 days after formal |
602 | approval of the application by the department. The provisions of |
603 | s. 212.095 do not apply to any refund application made under |
604 | this paragraph. |
605 | 4. The department shall establish by rule an application |
606 | form and criteria for establishing eligibility for exemption |
607 | under this paragraph. |
608 | 5. The exemption shall apply to purchases of materials on |
609 | or after July 1, 2000. |
610 | (q) Community contribution tax credit for donations.-- |
611 | 1. Authorization.--Beginning July 1, 2001, Persons who are |
612 | registered with the department under s. 212.18 to collect or |
613 | remit sales or use tax and who make donations to eligible |
614 | sponsors are eligible for tax credits against their state sales |
615 | and use tax liabilities as provided in this paragraph: |
616 | a. The credit shall be computed as 50 percent of the |
617 | person's approved annual community contribution.; |
618 | b. The credit shall be granted as a refund against state |
619 | sales and use taxes reported on returns and remitted in the 12 |
620 | months preceding the date of application to the department for |
621 | the credit as required in sub-subparagraph 3.c. If the annual |
622 | credit is not fully used through such refund because of |
623 | insufficient tax payments during the applicable 12-month period, |
624 | the unused amount may be included in an application for a refund |
625 | made pursuant to sub-subparagraph 3.c. in subsequent years |
626 | against the total tax payments made for such year. Carryover |
627 | credits may be applied for a 3-year period without regard to any |
628 | time limitation that would otherwise apply under s. 215.26.; |
629 | c. A person may not receive more than $200,000 in annual |
630 | tax credits for all approved community contributions made in any |
631 | one year.; |
632 | d. All proposals for the granting of the tax credit |
633 | require the prior approval of the Office of Tourism, Trade, and |
634 | Economic Development.; |
635 | e. The total amount of tax credits which may be granted |
636 | for all programs approved under this paragraph, s. 220.183, and |
637 | s. 624.5105 is $10 $12 million annually for projects that |
638 | provide homeownership opportunities for low-income or very-low- |
639 | income persons as defined in s. 420.9071(19) and (28) and $3 |
640 | million annually for all other projects.; and |
641 | f. A person who is eligible to receive the credit provided |
642 | for in this paragraph, s. 220.183, or s. 624.5105 may receive |
643 | the credit only under the one section of the person's choice. |
644 | 2. Eligibility requirements.-- |
645 | a. A community contribution by a person must be in the |
646 | following form: |
647 | (I) Cash or other liquid assets; |
648 | (II) Real property; |
649 | (III) Goods or inventory; or |
650 | (IV) Other physical resources as identified by the Office |
651 | of Tourism, Trade, and Economic Development. |
652 | b. All community contributions must be reserved |
653 | exclusively for use in a project. As used in this sub- |
654 | subparagraph, the term "project" means any activity undertaken |
655 | by an eligible sponsor which is designed to construct, improve, |
656 | or substantially rehabilitate housing that is affordable to low- |
657 | income or very-low-income households as defined in s. |
658 | 420.9071(19) and (28); designed to provide commercial, |
659 | industrial, or public resources and facilities; or designed to |
660 | improve entrepreneurial and job-development opportunities for |
661 | low-income persons. A project may be the investment necessary to |
662 | increase access to high-speed broadband capability in rural |
663 | communities with enterprise zones, including projects that |
664 | result in improvements to communications assets that are owned |
665 | by a business. A project may include the provision of museum |
666 | educational programs and materials that are directly related to |
667 | any project approved between January 1, 1996, and December 31, |
668 | 1999, and located in an enterprise zone designated pursuant to |
669 | s. 290.0065. This paragraph does not preclude projects that |
670 | propose to construct or rehabilitate housing for low-income or |
671 | very-low-income households on scattered sites. With respect to |
672 | housing, contributions may be used to pay the following eligible |
673 | low-income and very-low-income housing-related activities: |
674 | (I) Project development impact and management fees for |
675 | low-income or very-low-income housing projects; |
676 | (II) Down payment and closing costs for eligible persons, |
677 | as defined in s. 420.9071(19) and (28); |
678 | (III) Administrative costs, including housing counseling |
679 | and marketing fees, not to exceed 10 percent of the community |
680 | contribution, directly related to low-income or very-low-income |
681 | projects; and |
682 | (IV) Removal of liens recorded against residential |
683 | property by municipal, county, or special district local |
684 | governments when satisfaction of the lien is a necessary |
685 | precedent to the transfer of the property to an eligible person, |
686 | as defined in s. 420.9071(19) and (28), for the purpose of |
687 | promoting home ownership. Contributions for lien removal must be |
688 | received from a nonrelated third party. |
689 | c. The project must be undertaken by an "eligible |
690 | sponsor," which includes: |
691 | (I) A community action program; |
692 | (II) A nonprofit community-based development organization |
693 | whose mission is the provision of housing for low-income or |
694 | very-low-income households or increasing entrepreneurial and |
695 | job-development opportunities for low-income persons; |
696 | (III) A neighborhood housing services corporation; |
697 | (IV) A local housing authority created under chapter 421; |
698 | (V) A community redevelopment agency created under s. |
699 | 163.356; |
700 | (VI) The Florida Industrial Development Corporation; |
701 | (VII) A historic preservation district agency or |
702 | organization; |
703 | (VIII) A regional workforce board; |
704 | (IX) A direct-support organization as provided in s. |
705 | 1009.983; |
706 | (X) An enterprise zone development agency created under s. |
707 | 290.0056; |
708 | (XI) A community-based organization incorporated under |
709 | chapter 617 which is recognized as educational, charitable, or |
710 | scientific pursuant to s. 501(c)(3) of the Internal Revenue Code |
711 | and whose bylaws and articles of incorporation include |
712 | affordable housing, economic development, or community |
713 | development as the primary mission of the corporation; |
714 | (XII) Units of local government; |
715 | (XIII) Units of state government; or |
716 | (XIV) Any other agency that the Office of Tourism, Trade, |
717 | and Economic Development designates by rule. |
718 |
|
719 | In no event may a contributing person have a financial interest |
720 | in the eligible sponsor. |
721 | d. The project must be located in an area designated an |
722 | enterprise zone or a Front Porch Florida Community pursuant to |
723 | s. 20.18(6), unless the project increases access to high-speed |
724 | broadband capability for rural communities with enterprise zones |
725 | but is physically located outside the designated rural zone |
726 | boundaries. Any project designed to construct or rehabilitate |
727 | housing for low-income or very-low-income households as defined |
728 | in s. 420.0971(19) and (28) is exempt from the area requirement |
729 | of this sub-subparagraph. |
730 | e.(I) For the first 6 months of the fiscal year, the |
731 | Office of Tourism, Trade, and Economic Development shall reserve |
732 | 80 percent of the first $10 million in available annual tax |
733 | credits and 70 percent of any available annual tax credits in |
734 | excess of $10 million for donations made to eligible sponsors |
735 | for projects that provide homeownership opportunities for low- |
736 | income or very-low-income households as defined in s. |
737 | 420.9071(19) and (28). If any such reserved annual tax credits |
738 | remain after the first 6 months of the fiscal year, the office |
739 | may approve the balance of these available credits for donations |
740 | made to eligible sponsors for projects other than those that |
741 | provide homeownership opportunities for low-income or very-low- |
742 | income households. |
743 | (II) For the first 6 months of the fiscal year, the office |
744 | shall reserve 20 percent of the first $10 million in available |
745 | annual tax credits and 30 percent of any available annual tax |
746 | credits in excess of $10 million for donations made to eligible |
747 | sponsors for projects other than those that provide |
748 | homeownership opportunities for low-income or very-low-income |
749 | households as defined in s. 420.9071(19) and (28). If any |
750 | reserved annual tax credits remain after the first 6 months of |
751 | the fiscal year, the office may approve the balance of these |
752 | available credits for donations made to eligible sponsors for |
753 | projects that provide homeownership opportunities for low-income |
754 | or very-low-income households. |
755 | (III) If, during the first 10 business days of the state |
756 | fiscal year, eligible tax credit applications for projects that |
757 | provide homeownership opportunities for low-income or very-low- |
758 | income persons as defined in s. 420.9071(19) and (28) are |
759 | received for less than the available annual tax credits |
760 | available for those projects reserved under sub-sub-subparagraph |
761 | (I), the office shall grant tax credits for those applications |
762 | and shall grant remaining tax credits on a first-come, first- |
763 | served basis for any subsequent eligible applications received |
764 | before the end of the first 6 months of the state fiscal year. |
765 | If, during the first 10 business days of the state fiscal year, |
766 | eligible tax credit applications for projects that provide |
767 | homeownership opportunities for low-income or very-low-income |
768 | persons as defined in s. 420.9071(19) and (28) are received for |
769 | more than the available annual tax credits available for those |
770 | projects reserved under sub-sub-subparagraph (I), the office |
771 | shall grant the tax credits for those the applications as |
772 | follows: |
773 | (A) If tax credit applications submitted for approved |
774 | projects of an eligible sponsor do not exceed $200,000 in total, |
775 | the credits shall be granted in full if the tax credit |
776 | applications are approved, subject to sub-sub-subparagraph (I). |
777 | (B) If tax credit applications submitted for approved |
778 | projects of an eligible sponsor exceed $200,000 in total, the |
779 | amount of tax credits granted pursuant to sub-sub-sub- |
780 | subparagraph (A) shall be subtracted from the amount of |
781 | available tax credits under sub-sub-subparagraph (I), and the |
782 | remaining credits shall be granted to each approved tax credit |
783 | application on a pro rata basis. |
784 | (C) If, after the first 6 months of the fiscal year, |
785 | additional credits become available under sub-sub-subparagraph |
786 | (II), the office shall grant the tax credits by first granting |
787 | to those who received a pro rata reduction up to the full amount |
788 | of their request and, if there are remaining credits, granting |
789 | credits to those who applied on or after the 11th business day |
790 | of the state fiscal year on a first-come, first-served basis. |
791 | (II)(IV) If, during the first 10 business days of the |
792 | state fiscal year, eligible tax credit applications for projects |
793 | other than those that provide homeownership opportunities for |
794 | low-income or very-low-income persons as defined in s. |
795 | 420.9071(19) and (28) are received for less than the available |
796 | annual tax credits available for those projects reserved under |
797 | sub-sub-subparagraph (II), the office shall grant tax credits |
798 | for those applications and shall grant remaining tax credits on |
799 | a first-come, first-served basis for any subsequent eligible |
800 | applications received before the end of the first 6 months of |
801 | the state fiscal year. If, during the first 10 business days of |
802 | the state fiscal year, eligible tax credit applications for |
803 | projects other than those that provide homeownership |
804 | opportunities for low-income or very-low-income persons as |
805 | defined in s. 420.9071(19) and (28) are received for more than |
806 | the available annual tax credits available for those projects |
807 | reserved under sub-sub-subparagraph (II), the office shall grant |
808 | the tax credits for those the applications on a pro rata basis. |
809 | If, after the first 6 months of the fiscal year, additional |
810 | credits become available under sub-sub-subparagraph (I), the |
811 | office shall grant the tax credits by first granting to those |
812 | who received a pro rata reduction up to the full amount of their |
813 | request and, if there are remaining credits, granting credits to |
814 | those who applied on or after the 11th business day of the state |
815 | fiscal year on a first-come, first-served basis. |
816 | 3. Application requirements.-- |
817 | a. Any eligible sponsor seeking to participate in this |
818 | program must submit a proposal to the Office of Tourism, Trade, |
819 | and Economic Development which sets forth the name of the |
820 | sponsor, a description of the project, and the area in which the |
821 | project is located, together with such supporting information as |
822 | is prescribed by rule. The proposal must also contain a |
823 | resolution from the local governmental unit in which the project |
824 | is located certifying that the project is consistent with local |
825 | plans and regulations. |
826 | b. Any person seeking to participate in this program must |
827 | submit an application for tax credit to the office of Tourism, |
828 | Trade, and Economic Development which sets forth the name of the |
829 | sponsor, a description of the project, and the type, value, and |
830 | purpose of the contribution. The sponsor shall verify the terms |
831 | of the application and indicate its receipt of the contribution, |
832 | which verification must be in writing and accompany the |
833 | application for tax credit. The person must submit a separate |
834 | tax credit application to the office for each individual |
835 | contribution that it makes to each individual project. |
836 | c. Any person who has received notification from the |
837 | office of Tourism, Trade, and Economic Development that a tax |
838 | credit has been approved must apply to the department to receive |
839 | the refund. Application must be made on the form prescribed for |
840 | claiming refunds of sales and use taxes and be accompanied by a |
841 | copy of the notification. A person may submit only one |
842 | application for refund to the department within any 12-month |
843 | period. |
844 | 4. Administration.-- |
845 | a. The Office of Tourism, Trade, and Economic Development |
846 | may adopt rules pursuant to ss. 120.536(1) and 120.54 necessary |
847 | to administer this paragraph, including rules for the approval |
848 | or disapproval of proposals by a person. |
849 | b. The decision of the office of Tourism, Trade, and |
850 | Economic Development must be in writing, and, if approved, the |
851 | notification shall state the maximum credit allowable to the |
852 | person. Upon approval, the office shall transmit a copy of the |
853 | decision to the Department of Revenue. |
854 | c. The office of Tourism, Trade, and Economic Development |
855 | shall periodically monitor all projects in a manner consistent |
856 | with available resources to ensure that resources are used in |
857 | accordance with this paragraph; however, each project must be |
858 | reviewed at least once every 2 years. |
859 | d. The office of Tourism, Trade, and Economic Development |
860 | shall, in consultation with the Department of Community Affairs, |
861 | the Florida Housing Finance Corporation, and the statewide and |
862 | regional housing and financial intermediaries, market the |
863 | availability of the community contribution tax credit program to |
864 | community-based organizations. |
865 | 5. Expiration.--This paragraph expires June 30, 2015; |
866 | however, any accrued credit carryover that is unused on that |
867 | date may be used until the expiration of the 3-year carryover |
868 | period for such credit. |
869 | Section 12. Paragraph (c) of subsection (1) and paragraph |
870 | (b) of subsection (2) of section 220.183, Florida Statutes, are |
871 | amended to read: |
872 | 220.183 Community contribution tax credit.-- |
873 | (1) AUTHORIZATION TO GRANT COMMUNITY CONTRIBUTION TAX |
874 | CREDITS; LIMITATIONS ON INDIVIDUAL CREDITS AND PROGRAM |
875 | SPENDING.-- |
876 | (c) The total amount of tax credit which may be granted |
877 | for all programs approved under this section, s. 212.08(5)(q), |
878 | and s. 624.5105 is $10 $12 million annually for projects that |
879 | provide homeownership opportunities for low-income or very-low- |
880 | income persons as defined in s. 420.9071(19) and (28) and $3 |
881 | million annually for all other projects. |
882 | (2) ELIGIBILITY REQUIREMENTS.-- |
883 | (b)1. All community contributions must be reserved |
884 | exclusively for use in projects as defined in s. 220.03(1)(t). |
885 | 2. For the first 6 months of the fiscal year, the Office |
886 | of Tourism, Trade, and Economic Development shall reserve 80 |
887 | percent of the first $10 million in available annual tax |
888 | credits, and 70 percent of any available annual tax credits in |
889 | excess of $10 million, for donations made to eligible sponsors |
890 | for projects that provide homeownership opportunities for low- |
891 | income or very-low-income households as defined in s. |
892 | 420.9071(19) and (28). If any reserved annual tax credits remain |
893 | after the first 6 months of the fiscal year, the office may |
894 | approve the balance of these available credits for donations |
895 | made to eligible sponsors for projects other than those that |
896 | provide homeownership opportunities for low-income or very-low- |
897 | income households. |
898 | 3. For the first 6 months of the fiscal year, the office |
899 | shall reserve 20 percent of the first $10 million in available |
900 | annual tax credits, and 30 percent of any available annual tax |
901 | credits in excess of $10 million, for donations made to eligible |
902 | sponsors for projects other than those that provide |
903 | homeownership opportunities for low-income or very-low-income |
904 | households as defined in s. 420.9071(19) and (28). If any |
905 | reserved annual tax credits remain after the first 6 months of |
906 | the fiscal year, the office may approve the balance of these |
907 | available credits for donations made to eligible sponsors for |
908 | projects that provide homeownership opportunities for low-income |
909 | or very-low-income households. |
910 | 2.4. If, during the first 10 business days of the state |
911 | fiscal year, eligible tax credit applications for projects that |
912 | provide homeownership opportunities for low-income or very-low- |
913 | income persons as defined in s. 420.9071(19) and (28) are |
914 | received for less than the available annual tax credits |
915 | available for those projects reserved under subparagraph 2., the |
916 | office shall grant tax credits for those applications and shall |
917 | grant remaining tax credits on a first-come, first-served basis |
918 | for any subsequent eligible applications received before the end |
919 | of the first 6 months of the state fiscal year. If, during the |
920 | first 10 business days of the state fiscal year, eligible tax |
921 | credit applications for projects that provide homeownership |
922 | opportunities for low-income or very-low-income persons as |
923 | defined in s. 420.9071(19) and (28) are received for more than |
924 | the available annual tax credits available for those projects |
925 | reserved under subparagraph 2., the office shall grant the tax |
926 | credits for those such applications as follows: |
927 | a. If tax credit applications submitted for approved |
928 | projects of an eligible sponsor do not exceed $200,000 in total, |
929 | the credit shall be granted in full if the tax credit |
930 | applications are approved, subject to the provisions of |
931 | subparagraph 2. |
932 | b. If tax credit applications submitted for approved |
933 | projects of an eligible sponsor exceed $200,000 in total, the |
934 | amount of tax credits granted under sub-subparagraph a. shall be |
935 | subtracted from the amount of available tax credits under |
936 | subparagraph 2., and the remaining credits shall be granted to |
937 | each approved tax credit application on a pro rata basis. |
938 | c. If, after the first 6 months of the fiscal year, |
939 | additional credits become available pursuant to subparagraph 3., |
940 | the office shall grant the tax credits by first granting to |
941 | those who received a pro rata reduction up to the full amount of |
942 | their request and, if there are remaining credits, granting |
943 | credits to those who applied on or after the 11th business day |
944 | of the state fiscal year on a first-come, first-served basis. |
945 | 3.5. If, during the first 10 business days of the state |
946 | fiscal year, eligible tax credit applications for projects other |
947 | than those that provide homeownership opportunities for low- |
948 | income or very-low-income persons as defined in s. 420.9071(19) |
949 | and (28) are received for less than the available annual tax |
950 | credits available for those projects reserved under subparagraph |
951 | 3., the office shall grant tax credits for those applications |
952 | and shall grant remaining tax credits on a first-come, first- |
953 | served basis for any subsequent eligible applications received |
954 | before the end of the first 6 months of the state fiscal year. |
955 | If, during the first 10 business days of the state fiscal year, |
956 | eligible tax credit applications for projects other than those |
957 | that provide homeownership opportunities for low-income or very- |
958 | low-income persons as defined in s. 420.9071(19) and (28) are |
959 | received for more than the available annual tax credits |
960 | available for those projects reserved under subparagraph 3., the |
961 | office shall grant the tax credits for those such applications |
962 | on a pro rata basis. If, after the first 6 months of the fiscal |
963 | year, additional credits become available under subparagraph 2., |
964 | the office shall grant the tax credits by first granting to |
965 | those who received a pro rata reduction up to the full amount of |
966 | their request and, if there are remaining credits, granting |
967 | credits to those who applied on or after the 11th business day |
968 | of the state fiscal year on a first-come, first-served basis. |
969 | Section 13. Paragraph (f) of subsection (6) of section |
970 | 253.034, Florida Statutes, is amended to read: |
971 | 253.034 State-owned lands; uses.-- |
972 | (6) The Board of Trustees of the Internal Improvement |
973 | Trust Fund shall determine which lands, the title to which is |
974 | vested in the board, may be surplused. For conservation lands, |
975 | the board shall make a determination that the lands are no |
976 | longer needed for conservation purposes and may dispose of them |
977 | by an affirmative vote of at least three members. In the case of |
978 | a land exchange involving the disposition of conservation lands, |
979 | the board must determine by an affirmative vote of at least |
980 | three members that the exchange will result in a net positive |
981 | conservation benefit. For all other lands, the board shall make |
982 | a determination that the lands are no longer needed and may |
983 | dispose of them by an affirmative vote of at least three |
984 | members. |
985 | (f)1. In reviewing lands owned by the board, the council |
986 | shall consider whether such lands would be more appropriately |
987 | owned or managed by the county or other unit of local government |
988 | in which the land is located. A local government may request |
989 | that state lands be specifically declared surplus lands for the |
990 | purpose of providing affordable housing. The council shall |
991 | recommend to the board whether a sale, lease, or other |
992 | conveyance to a local government would be in the best interests |
993 | of the state and local government. The provisions of this |
994 | paragraph in no way limit the provisions of ss. 253.111 and |
995 | 253.115. Such lands shall be offered to the state, county, or |
996 | local government for a period of 30 days. Permittable uses for |
997 | such surplus lands may include public schools; public libraries; |
998 | fire or law enforcement substations; and governmental, judicial, |
999 | or recreational centers; and affordable housing. County or local |
1000 | government requests for surplus lands shall be expedited |
1001 | throughout the surplusing process. Surplus lands that are |
1002 | conveyed to a local government for affordable housing shall be |
1003 | disposed of under the provisions of s. 125.379 or s. 166.0451. |
1004 | If the county or local government does not elect to purchase |
1005 | such lands in accordance with s. 253.111, then any surplusing |
1006 | determination involving other governmental agencies shall be |
1007 | made upon the board deciding the best public use of the lands. |
1008 | Surplus properties in which governmental agencies have expressed |
1009 | no interest shall then be available for sale on the private |
1010 | market. |
1011 | 2. Notwithstanding subparagraph 1., any surplus lands that |
1012 | were acquired by the state prior to 1958 by a gift or other |
1013 | conveyance for no consideration from a municipality, and which |
1014 | the department has filed by July 1, 2006, a notice of its intent |
1015 | to surplus, shall be first offered for reconveyance to such |
1016 | municipality at no cost, but for the fair market value of any |
1017 | building or other improvements to the land, unless otherwise |
1018 | provided in a deed restriction of record. This subparagraph |
1019 | expires July 1, 2006. |
1020 | Section 14. Section 295.16, Florida Statutes, is amended |
1021 | to read: |
1022 | 295.16 Disabled veterans exempt from certain license or |
1023 | permit fee.--No totally and permanently disabled veteran who is |
1024 | a resident of Florida and honorably discharged from the Armed |
1025 | Forces, who has been issued a valid identification card by the |
1026 | Department of Veterans' Affairs in accordance with s. 295.17 or |
1027 | has been determined by the United States Department of Veterans |
1028 | Affairs or its predecessor to have a service-connected 100- |
1029 | percent disability rating for compensation, or who has been |
1030 | determined to have a service-connected disability rating of 100 |
1031 | percent and is in receipt of disability retirement pay from any |
1032 | branch of the uniformed armed services, shall be required to pay |
1033 | any license or permit fee, by whatever name known, to any county |
1034 | or municipality in order to make improvements upon a dwelling |
1035 | mobile home owned by the veteran which is used as the veteran's |
1036 | residence, provided such improvements are limited to ramps, |
1037 | widening of doors, and similar improvements for the purpose of |
1038 | making the dwelling mobile home habitable for veterans confined |
1039 | to wheelchairs. |
1040 | Section 15. Paragraphs (b) and (e) of subsection (19) of |
1041 | section 380.06, Florida Statutes, are amended to read: |
1042 | 380.06 Developments of regional impact.-- |
1043 | (19) SUBSTANTIAL DEVIATIONS.-- |
1044 | (b) Any proposed change to a previously approved |
1045 | development of regional impact or development order condition |
1046 | which, either individually or cumulatively with other changes, |
1047 | exceeds any of the following criteria shall constitute a |
1048 | substantial deviation and shall cause the development to be |
1049 | subject to further development-of-regional-impact review without |
1050 | the necessity for a finding of same by the local government: |
1051 | 1. An increase in the number of parking spaces at an |
1052 | attraction or recreational facility by 5 percent or 300 spaces, |
1053 | whichever is greater, or an increase in the number of spectators |
1054 | that may be accommodated at such a facility by 5 percent or |
1055 | 1,000 spectators, whichever is greater. |
1056 | 2. A new runway, a new terminal facility, a 25-percent |
1057 | lengthening of an existing runway, or a 25-percent increase in |
1058 | the number of gates of an existing terminal, but only if the |
1059 | increase adds at least three additional gates. |
1060 | 3. An increase in the number of hospital beds by 5 percent |
1061 | or 60 beds, whichever is greater. |
1062 | 4. An increase in industrial development area by 5 percent |
1063 | or 32 acres, whichever is greater. |
1064 | 5. An increase in the average annual acreage mined by 5 |
1065 | percent or 10 acres, whichever is greater, or an increase in the |
1066 | average daily water consumption by a mining operation by 5 |
1067 | percent or 300,000 gallons, whichever is greater. An increase in |
1068 | the size of the mine by 5 percent or 750 acres, whichever is |
1069 | less. An increase in the size of a heavy mineral mine as defined |
1070 | in s. 378.403(7) will only constitute a substantial deviation if |
1071 | the average annual acreage mined is more than 500 acres and |
1072 | consumes more than 3 million gallons of water per day. |
1073 | 6. An increase in land area for office development by 5 |
1074 | percent or an increase of gross floor area of office development |
1075 | by 5 percent or 60,000 gross square feet, whichever is greater. |
1076 | 7. An increase in the storage capacity for chemical or |
1077 | petroleum storage facilities by 5 percent, 20,000 barrels, or 7 |
1078 | million pounds, whichever is greater. |
1079 | 8. An increase of development at a waterport of wet |
1080 | storage for 20 watercraft, dry storage for 30 watercraft, or |
1081 | wet/dry storage for 60 watercraft in an area identified in the |
1082 | state marina siting plan as an appropriate site for additional |
1083 | waterport development or a 5-percent increase in watercraft |
1084 | storage capacity, whichever is greater. |
1085 | 9. An increase in the number of dwelling units by 5 |
1086 | percent or 50 dwelling units, whichever is greater. |
1087 | 10. An increase in the number of dwelling units by 15 |
1088 | percent or 100 units, whichever is greater, provided that 20 |
1089 | percent of the increase in the number of dwelling units is |
1090 | dedicated to the construction of workforce housing. For purposes |
1091 | of this subparagraph, the term "workforce housing" means housing |
1092 | that is affordable to a person who earns less than 150 percent |
1093 | of the area median income. |
1094 | 11.10. An increase in commercial development by 50,000 |
1095 | square feet of gross floor area or of parking spaces provided |
1096 | for customers for 300 cars or a 5-percent increase of either of |
1097 | these, whichever is greater. |
1098 | 12.11. An increase in hotel or motel facility units by 5 |
1099 | percent or 75 units, whichever is greater. |
1100 | 13.12. An increase in a recreational vehicle park area by |
1101 | 5 percent or 100 vehicle spaces, whichever is less. |
1102 | 14.13. A decrease in the area set aside for open space of |
1103 | 5 percent or 20 acres, whichever is less. |
1104 | 15.14. A proposed increase to an approved multiuse |
1105 | development of regional impact where the sum of the increases of |
1106 | each land use as a percentage of the applicable substantial |
1107 | deviation criteria is equal to or exceeds 100 percent. The |
1108 | percentage of any decrease in the amount of open space shall be |
1109 | treated as an increase for purposes of determining when 100 |
1110 | percent has been reached or exceeded. |
1111 | 16.15. A 15-percent increase in the number of external |
1112 | vehicle trips generated by the development above that which was |
1113 | projected during the original development-of-regional-impact |
1114 | review. |
1115 | 17.16. Any change which would result in development of any |
1116 | area which was specifically set aside in the application for |
1117 | development approval or in the development order for |
1118 | preservation or special protection of endangered or threatened |
1119 | plants or animals designated as endangered, threatened, or |
1120 | species of special concern and their habitat, primary dunes, or |
1121 | archaeological and historical sites designated as significant by |
1122 | the Division of Historical Resources of the Department of State. |
1123 | The further refinement of such areas by survey shall be |
1124 | considered under sub-subparagraph (e)5.b. |
1125 |
|
1126 | The substantial deviation numerical standards in subparagraphs |
1127 | 4., 6., 10., 11., and 15. 14., excluding residential uses, and |
1128 | 16. 15., are increased by 100 percent for a project certified |
1129 | under s. 403.973 which creates jobs and meets criteria |
1130 | established by the Office of Tourism, Trade, and Economic |
1131 | Development as to its impact on an area's economy, employment, |
1132 | and prevailing wage and skill levels. The substantial deviation |
1133 | numerical standards in subparagraphs 4., 6., 9., 10., 11., 12., |
1134 | and 15. 14. are increased by 50 percent for a project located |
1135 | wholly within an urban infill and redevelopment area designated |
1136 | on the applicable adopted local comprehensive plan future land |
1137 | use map and not located within the coastal high hazard area. |
1138 | (e)1. Except for a development order rendered pursuant to |
1139 | subsection (22) or subsection (25), a proposed change to a |
1140 | development order that individually or cumulatively with any |
1141 | previous change is less than any numerical criterion contained |
1142 | in subparagraphs (b)1.-16. (b)1.-15. and does not exceed any |
1143 | other criterion, or that involves an extension of the buildout |
1144 | date of a development, or any phase thereof, of less than 5 |
1145 | years is not subject to the public hearing requirements of |
1146 | subparagraph (f)3., and is not subject to a determination |
1147 | pursuant to subparagraph (f)5. Notice of the proposed change |
1148 | shall be made to the regional planning council and the state |
1149 | land planning agency. Such notice shall include a description of |
1150 | previous individual changes made to the development, including |
1151 | changes previously approved by the local government, and shall |
1152 | include appropriate amendments to the development order. |
1153 | 2. The following changes, individually or cumulatively |
1154 | with any previous changes, are not substantial deviations: |
1155 | a. Changes in the name of the project, developer, owner, |
1156 | or monitoring official. |
1157 | b. Changes to a setback that do not affect noise buffers, |
1158 | environmental protection or mitigation areas, or archaeological |
1159 | or historical resources. |
1160 | c. Changes to minimum lot sizes. |
1161 | d. Changes in the configuration of internal roads that do |
1162 | not affect external access points. |
1163 | e. Changes to the building design or orientation that stay |
1164 | approximately within the approved area designated for such |
1165 | building and parking lot, and which do not affect historical |
1166 | buildings designated as significant by the Division of |
1167 | Historical Resources of the Department of State. |
1168 | f. Changes to increase the acreage in the development, |
1169 | provided that no development is proposed on the acreage to be |
1170 | added. |
1171 | g. Changes to eliminate an approved land use, provided |
1172 | that there are no additional regional impacts. |
1173 | h. Changes required to conform to permits approved by any |
1174 | federal, state, or regional permitting agency, provided that |
1175 | these changes do not create additional regional impacts. |
1176 | i. Any renovation or redevelopment of development within a |
1177 | previously approved development of regional impact which does |
1178 | not change land use or increase density or intensity of use. |
1179 | j. Any other change which the state land planning agency |
1180 | agrees in writing is similar in nature, impact, or character to |
1181 | the changes enumerated in sub-subparagraphs a.-i. and which does |
1182 | not create the likelihood of any additional regional impact. |
1183 |
|
1184 | This subsection does not require a development order amendment |
1185 | for any change listed in sub-subparagraphs a.-j. unless such |
1186 | issue is addressed either in the existing development order or |
1187 | in the application for development approval, but, in the case of |
1188 | the application, only if, and in the manner in which, the |
1189 | application is incorporated in the development order. |
1190 | 3. Except for the change authorized by sub-subparagraph |
1191 | 2.f., any addition of land not previously reviewed or any change |
1192 | not specified in paragraph (b) or paragraph (c) shall be |
1193 | presumed to create a substantial deviation. This presumption may |
1194 | be rebutted by clear and convincing evidence. |
1195 | 4. Any submittal of a proposed change to a previously |
1196 | approved development shall include a description of individual |
1197 | changes previously made to the development, including changes |
1198 | previously approved by the local government. The local |
1199 | government shall consider the previous and current proposed |
1200 | changes in deciding whether such changes cumulatively constitute |
1201 | a substantial deviation requiring further development-of- |
1202 | regional-impact review. |
1203 | 5. The following changes to an approved development of |
1204 | regional impact shall be presumed to create a substantial |
1205 | deviation. Such presumption may be rebutted by clear and |
1206 | convincing evidence. |
1207 | a. A change proposed for 15 percent or more of the acreage |
1208 | to a land use not previously approved in the development order. |
1209 | Changes of less than 15 percent shall be presumed not to create |
1210 | a substantial deviation. |
1211 | b. Except for the types of uses listed in subparagraph |
1212 | (b)17. (b)16., any change which would result in the development |
1213 | of any area which was specifically set aside in the application |
1214 | for development approval or in the development order for |
1215 | preservation, buffers, or special protection, including habitat |
1216 | for plant and animal species, archaeological and historical |
1217 | sites, dunes, and other special areas. |
1218 | c. Notwithstanding any provision of paragraph (b) to the |
1219 | contrary, a proposed change consisting of simultaneous increases |
1220 | and decreases of at least two of the uses within an authorized |
1221 | multiuse development of regional impact which was originally |
1222 | approved with three or more uses specified in s. 380.0651(3)(c), |
1223 | (d), (f), and (g) and residential use. |
1224 | Section 16. Paragraph (k) of subsection (3) of section |
1225 | 380.0651, Florida Statutes, is redesignated as paragraph (l), |
1226 | and a new paragraph (k) is added to that subsection to read: |
1227 | 380.0651 Statewide guidelines and standards.-- |
1228 | (3) The following statewide guidelines and standards shall |
1229 | be applied in the manner described in s. 380.06(2) to determine |
1230 | whether the following developments shall be required to undergo |
1231 | development-of-regional-impact review: |
1232 | (k) Workforce housing.--The applicable guidelines for |
1233 | residential development and the residential component for |
1234 | multiuse development shall be increased by 20 percent where the |
1235 | developer demonstrates that at least 15 percent of the |
1236 | residential dwelling units will be dedicated to workforce |
1237 | housing. For purposes of this subparagraph, the term "workforce |
1238 | housing" means housing that is affordable to a person who earns |
1239 | less than 150 percent of the area median income. |
1240 | Section 17. Section 420.0004, Florida Statutes, is amended |
1241 | to read: |
1242 | 420.0004 Definitions.--As used in this part, unless the |
1243 | context otherwise indicates: |
1244 | (1) "Adjusted for family size" means adjusted in a manner |
1245 | which results in an income eligibility level which is lower for |
1246 | households with fewer than four people, or higher for households |
1247 | with more than four people, than the base income eligibility |
1248 | determined as provided in subsection (10) (9), subsection (11) |
1249 | (10), or subsection (15) (14), based upon a formula as |
1250 | established by the United States Department of Housing and Urban |
1251 | Development. |
1252 | (2) "Adjusted gross income" means all wages, assets, |
1253 | regular cash or noncash contributions or gifts from persons |
1254 | outside the household, and such other resources and benefits as |
1255 | may be determined to be income by the United States Department |
1256 | of Housing and Urban Development, adjusted for family size, less |
1257 | deductions allowable under s. 62 of the Internal Revenue Code. |
1258 | (3) "Affordable" means that monthly rents or monthly |
1259 | mortgage payments including taxes, insurance, and utilities do |
1260 | not exceed 30 percent of that amount which represents the |
1261 | percentage of the median adjusted gross annual income for the |
1262 | households as indicated in subsection (8), subsection (10) (9), |
1263 | subsection (11) (10), or subsection (15) (14). |
1264 | (4) "Corporation" means the Florida Housing Finance |
1265 | Corporation. |
1266 | (5) "Community-based organization" or "nonprofit |
1267 | organization" means a private corporation organized under |
1268 | chapter 617 to assist in the provision of housing and related |
1269 | services on a not-for-profit basis and which is acceptable to |
1270 | federal and state agencies and financial institutions as a |
1271 | sponsor of low-income housing. |
1272 | (6) "Department" means the Department of Community |
1273 | Affairs. |
1274 | (7) "Elderly" describes persons 62 years of age or older. |
1275 | (8) "Extremely low-income persons" means one or more |
1276 | natural persons or a family whose total annual household income |
1277 | does not exceed 30 percent of the median annual adjusted gross |
1278 | income for households within the state. The Florida Housing |
1279 | Finance Corporation may adjust this amount annually by rule to |
1280 | provide that in lower income counties extremely low income may |
1281 | exceed 30 percent of area median income and that in higher |
1282 | income counties extremely low income may be less than 30 percent |
1283 | of area median income. |
1284 | (9)(8) "Local public body" means any county, municipality, |
1285 | or other political subdivision, or any housing authority as |
1286 | provided by chapter 421, which is eligible to sponsor or develop |
1287 | housing for farmworkers and very-low-income and low-income |
1288 | persons within its jurisdiction. |
1289 | (10)(9) "Low-income persons" means one or more natural |
1290 | persons or a family, the total annual adjusted gross household |
1291 | income of which does not exceed 80 percent of the median annual |
1292 | adjusted gross income for households within the state, or 80 |
1293 | percent of the median annual adjusted gross income for |
1294 | households within the metropolitan statistical area (MSA) or, if |
1295 | not within an MSA, within the county in which the person or |
1296 | family resides, whichever is greater. |
1297 | (11)(10) "Moderate-income persons" means one or more |
1298 | natural persons or a family, the total annual adjusted gross |
1299 | household income of which is less than 120 percent of the median |
1300 | annual adjusted gross income for households within the state, or |
1301 | 120 percent of the median annual adjusted gross income for |
1302 | households within the metropolitan statistical area (MSA) or, if |
1303 | not within an MSA, within the county in which the person or |
1304 | family resides, whichever is greater. |
1305 | (12)(11) "Student" means any person not living with his or |
1306 | her parent or guardian who is eligible to be claimed by his or |
1307 | her parent or guardian as a dependent under the federal income |
1308 | tax code and who is enrolled on at least a half-time basis in a |
1309 | secondary school, career center, community college, college, or |
1310 | university. |
1311 | (13)(12) "Substandard" means: |
1312 | (a) Any unit lacking complete plumbing or sanitary |
1313 | facilities for the exclusive use of the occupants; |
1314 | (b) A unit which is in violation of one or more major |
1315 | sections of an applicable housing code and where such violation |
1316 | poses a serious threat to the health of the occupant; or |
1317 | (c) A unit that has been declared unfit for human |
1318 | habitation but that could be rehabilitated for less than 50 |
1319 | percent of the property value. |
1320 | (14)(13) "Substantial rehabilitation" means repair or |
1321 | restoration of a dwelling unit where the value of such repair or |
1322 | restoration exceeds 40 percent of the value of the dwelling. |
1323 | (15)(14) "Very-low-income persons" means one or more |
1324 | natural persons or a family, not including students, the total |
1325 | annual adjusted gross household income of which does not exceed |
1326 | 50 percent of the median annual adjusted gross income for |
1327 | households within the state, or 50 percent of the median annual |
1328 | adjusted gross income for households within the metropolitan |
1329 | statistical area (MSA) or, if not within an MSA, within the |
1330 | county in which the person or family resides, whichever is |
1331 | greater. |
1332 | Section 18. Section 420.37, Florida Statutes, is repealed. |
1333 | Section 19. Subsection (18) of section 420.503, Florida |
1334 | Statutes, is amended to read: |
1335 | 420.503 Definitions.--As used in this part, the term: |
1336 | (18)(a) "Farmworker" means a laborer who is employed on a |
1337 | seasonal, temporary, or permanent basis in the planting, |
1338 | cultivating, harvesting, or processing of agricultural or |
1339 | aquacultural products and who derived at least 50 percent of her |
1340 | or his income in the immediately preceding 12 months from such |
1341 | employment. |
1342 | (b) "Farmworker" also includes a person who has retired as |
1343 | a laborer due to age, disability, or illness. In order to be |
1344 | considered retired as a farmworker due to age under this part, a |
1345 | person must be 50 years of age or older and must have been |
1346 | employed for a minimum of 5 years as a farmworker before |
1347 | retirement. In order to be considered retired as a farmworker |
1348 | due to disability or illness, a person must: |
1349 | 1.(a) Establish medically that she or he is unable to be |
1350 | employed as a farmworker due to that disability or illness. |
1351 | 2.(b) Establish that she or he was previously employed as |
1352 | a farmworker. |
1353 | (c) Notwithstanding paragraphs (a) and (b), when |
1354 | corporation-administered funds are used in conjunction with |
1355 | United States Department of Agriculture Rural Development funds, |
1356 | the term "farmworker" may mean a laborer who meets, at a |
1357 | minimum, the definition of "domestic farm laborer" as found in 7 |
1358 | C.F.R. s. 3560.11, as amended. The corporation may establish |
1359 | additional criteria by rule. |
1360 | Section 20. Section 420.5061, Florida Statutes, is amended |
1361 | to read: |
1362 | 420.5061 Transfer of agency assets and |
1363 | liabilities.--Effective January 1, 1998, all assets and |
1364 | liabilities and rights and obligations, including any |
1365 | outstanding contractual obligations, of the agency shall be |
1366 | transferred to the corporation as legal successor in all |
1367 | respects to the agency. The corporation shall thereupon become |
1368 | obligated to the same extent as the agency under any existing |
1369 | agreements and be entitled to any rights and remedies previously |
1370 | afforded the agency by law or contract, including specifically |
1371 | the rights of the agency under chapter 201 and part VI of |
1372 | chapter 159. The corporation is a state agency for purposes of |
1373 | s. 159.807(4)(a). Effective January 1, 1998, all references |
1374 | under Florida law to the agency are deemed to mean the |
1375 | corporation. The corporation shall transfer to the General |
1376 | Revenue Fund an amount which otherwise would have been deducted |
1377 | as a service charge pursuant to s. 215.20(1) if the Florida |
1378 | Housing Finance Corporation Fund established by s. 420.508(5), |
1379 | the State Apartment Incentive Loan Fund established by s. |
1380 | 420.5087(7), the Florida Homeownership Assistance Fund |
1381 | established by s. 420.5088(4)(5), the HOME Investment |
1382 | Partnership Fund established by s. 420.5089(1), and the Housing |
1383 | Predevelopment Loan Fund established by s. 420.525(1) were each |
1384 | trust funds. For purposes of s. 112.313, the corporation is |
1385 | deemed to be a continuation of the agency, and the provisions |
1386 | thereof are deemed to apply as if the same entity remained in |
1387 | place. Any employees of the agency and agency board members |
1388 | covered by s. 112.313(9)(a)6. shall continue to be entitled to |
1389 | the exemption in that subparagraph, notwithstanding being hired |
1390 | by the corporation or appointed as board members of the |
1391 | corporation. Effective January 1, 1998, all state property in |
1392 | use by the agency shall be transferred to and become the |
1393 | property of the corporation. |
1394 | Section 21. Subsections (22), (23), and (40) of section |
1395 | 420.507, Florida Statutes, are amended, and subsections (44), |
1396 | (45), and (46) are added to that section, to read: |
1397 | 420.507 Powers of the corporation.--The corporation shall |
1398 | have all the powers necessary or convenient to carry out and |
1399 | effectuate the purposes and provisions of this part, including |
1400 | the following powers which are in addition to all other powers |
1401 | granted by other provisions of this part: |
1402 | (22) To develop and administer the State Apartment |
1403 | Incentive Loan Program. In developing and administering that |
1404 | program, the corporation may: |
1405 | (a) Make first, second, and other subordinated mortgage |
1406 | loans including variable or fixed rate loans subject to |
1407 | contingent interest for all State Apartment Incentive Loans |
1408 | provided for in this chapter based upon available cash flow of |
1409 | the projects. The corporation shall make loans exceeding 25 |
1410 | percent of project cost available only to nonprofit |
1411 | organizations and public bodies which are able to secure grants, |
1412 | donations of land, or contributions from other sources and to |
1413 | projects meeting the criteria of subparagraph 1. Mortgage loans |
1414 | shall be made available at the following rates of interest: |
1415 | 1. Zero to 3 percent interest for sponsors of projects |
1416 | that set aside at least maintain an 80 percent occupancy of |
1417 | their total units for residents qualifying as farmworkers as |
1418 | defined in this part s. 420.503(18), or commercial fishing |
1419 | workers as defined in this part s. 420.503(5), or the homeless |
1420 | as defined in s. 420.621(4) over the life of the loan. |
1421 | 2. The board may set the interest rate based on the pro |
1422 | rata share of units set aside for homeless residents if the |
1423 | total of such units is less than 80 percent of the units in the |
1424 | borrower's project. |
1425 | 3. One Three to 3 9 percent interest for sponsors of |
1426 | projects targeted at populations other than farmworkers, |
1427 | commercial fishing workers, and the homeless. |
1428 | (b) Make loans exceeding 25 percent of project cost when |
1429 | the project serves extremely low-income persons. |
1430 | (c) Forgive indebtedness for a share of the loan |
1431 | attributable to the units in a project reserved for extremely |
1432 | low-income persons. |
1433 | (d)(b) Geographically and demographically target the |
1434 | utilization of loans. |
1435 | (e)(c) Underwrite credit, and reject projects which do not |
1436 | meet the established standards of the corporation. |
1437 | (f)(d) Negotiate with governing bodies within the state |
1438 | after a loan has been awarded to obtain local government |
1439 | contributions. |
1440 | (g)(e) Inspect any records of a sponsor at any time during |
1441 | the life of the loan or the agreed period for maintaining the |
1442 | provisions of s. 420.5087. |
1443 | (h)(f) Establish, by rule, the procedure for evaluating, |
1444 | scoring, and competitively ranking all applications based on the |
1445 | criteria set forth in s. 420.5087(6)(c); determining actual loan |
1446 | amounts; making and servicing loans; and exercising the powers |
1447 | authorized in this subsection. |
1448 | (i)(g) Establish a loan loss insurance reserve to be used |
1449 | to protect the outstanding program investment in case of a |
1450 | default, deed in lieu of foreclosure, or foreclosure of a |
1451 | program loan. |
1452 | (23) To develop and administer the Florida Homeownership |
1453 | Assistance Program. In developing and administering the program, |
1454 | the corporation may: |
1455 | (a)1. Make subordinated loans to eligible borrowers for |
1456 | down payments or closing costs related to the purchase of the |
1457 | borrower's primary residence. |
1458 | 2. Make permanent loans to eligible borrowers related to |
1459 | the purchase of the borrower's primary residence. |
1460 | 3. Make subordinated loans to nonprofit sponsors or |
1461 | developers of housing for purchase of property, for |
1462 | construction, or for financing of housing to be offered for sale |
1463 | to eligible borrowers as a primary residence at an affordable |
1464 | price. |
1465 | (b) Establish a loan loss insurance reserve to supplement |
1466 | existing sources of mortgage insurance with appropriated funds. |
1467 | (c) Geographically and demographically target the |
1468 | utilization of loans. |
1469 | (d) Defer repayment of loans for the term of the first |
1470 | mortgage. |
1471 | (e) Establish flexible terms for loans with an interest |
1472 | rate not to exceed 3 percent per annum and which are |
1473 | nonamortizing for the term of the first mortgage. |
1474 | (f) Require repayment of loans upon sale, transfer, |
1475 | refinancing, or rental of secured property, unless otherwise |
1476 | approved by the corporation. |
1477 | (g) Accelerate a loan for monetary default, for failure to |
1478 | provide the benefits of the loans to eligible borrowers, or for |
1479 | violation of any other restriction placed upon the loan. |
1480 | (h) Adopt rules for the program and exercise the powers |
1481 | authorized in this subsection. |
1482 | (40) To establish subsidiary business entities |
1483 | corporations for the purpose of taking title to and managing and |
1484 | disposing of property acquired by the corporation. Such |
1485 | subsidiary business entities corporations shall be public |
1486 | business entities corporations wholly owned by the corporation; |
1487 | shall be entitled to own, mortgage, and sell property on the |
1488 | same basis as the corporation; and shall be deemed business |
1489 | entities corporations primarily acting as an agent agents of the |
1490 | state, within the meaning of s. 768.28, on the same basis as the |
1491 | corporation. Any subsidiary business entity created by the |
1492 | corporation shall be subject to chapters 119, 120, and 286 to |
1493 | the same extent as the corporation. The subsidiary business |
1494 | entities shall have authority to make rules necessary to conduct |
1495 | business and to carry out the purposes of this subsection. |
1496 | (44) To adopt rules whereby the corporation may intervene, |
1497 | negotiate terms, or undertake other actions which the |
1498 | corporation deems necessary to further program goals or avoid |
1499 | default of a program loan. Such rules must consider fiscal |
1500 | program goals and the preservation or advancement of affordable |
1501 | housing for the state. |
1502 | (45) To establish by rule requirements for periodic |
1503 | reporting of data, including, but not limited to, financial |
1504 | data, housing market data, detailed economic and physical |
1505 | occupancy on multifamily projects, and demographic data on all |
1506 | housing financed through corporation programs and for |
1507 | participation in a housing locator system. |
1508 | (46) In order to administer funds appropriated for |
1509 | disaster recovery and reconstruction following a declaration of |
1510 | emergency pursuant to s. 252.36, to create programs to repair, |
1511 | rehabilitate, and construct multifamily and single-family |
1512 | dwellings. To administer this subsection, the corporation may |
1513 | adopt emergency rules pursuant to s. 120.54. The Legislature |
1514 | finds that emergency rules adopted pursuant to this subsection |
1515 | meet the health, safety, and welfare requirement of s. |
1516 | 120.54(4). The Legislature finds that such emergency rulemaking |
1517 | power is necessary for the preservation of the rights and |
1518 | welfare of the people in order to provide additional funds to |
1519 | assist those areas of the state that sustain housing damage due |
1520 | to the occurrence of a disaster, as defined in s. 252.34(1). |
1521 | Emergency rules adopted under this subsection are exempt from s. |
1522 | 120.54(4)(a) and (c). |
1523 | Section 22. Subsections (1), (3), (5), and (6) of section |
1524 | 420.5087, Florida Statutes, are amended to read: |
1525 | 420.5087 State Apartment Incentive Loan Program.--There is |
1526 | hereby created the State Apartment Incentive Loan Program for |
1527 | the purpose of providing first, second, or other subordinated |
1528 | mortgage loans or loan guarantees to sponsors, including for- |
1529 | profit, nonprofit, and public entities, to provide housing |
1530 | affordable to very-low-income persons. |
1531 | (1) Program funds shall be distributed over successive 3- |
1532 | year periods in a manner that meets the need and demand for |
1533 | very-low-income housing throughout the state. That need and |
1534 | demand must be determined by using the most recent statewide |
1535 | low-income rental housing market studies available at the |
1536 | beginning of each 3-year period. However, at least 10 percent of |
1537 | the program funds distributed during a 3-year period must be |
1538 | allocated to each of the following categories of counties, as |
1539 | determined by using the population statistics published in the |
1540 | most recent edition of the Florida Statistical Abstract: |
1541 | (a) Counties that have a population of 825,000 or more. |
1542 | more than 500,000 people; |
1543 | (b) Counties that have a population of more than between |
1544 | 100,000 but less than 825,000. and 500,000 people; and |
1545 | (c) Counties that have a population of 100,000 or less. |
1546 |
|
1547 | Any increase in funding required to reach the 10-percent minimum |
1548 | shall be taken from the county category that has the largest |
1549 | allocation. The corporation shall adopt rules which establish an |
1550 | equitable process for distributing any portion of the 10 percent |
1551 | of program funds allocated to the county categories specified in |
1552 | this subsection which remains unallocated at the end of a 3-year |
1553 | period. Counties that have a population of 100,000 or less shall |
1554 | be given preference under these rules. |
1555 | (3) During the first 6 months of loan or loan guarantee |
1556 | availability, program funds shall be reserved for use by |
1557 | sponsors who provide the housing set-aside required in |
1558 | subsection (2) for the tenant groups designated in this |
1559 | subsection. The reservation of funds to each of these groups |
1560 | shall be determined using the most recent statewide very-low- |
1561 | income rental housing market study available at the time of |
1562 | publication of each notice of fund availability required by |
1563 | paragraph (6)(b). The reservation of funds within each notice of |
1564 | fund availability to the tenant groups in paragraphs (a), (b), |
1565 | and (d) may not be less than 10 percent of the funds available |
1566 | at that time. Any increase in funding required to reach the 10- |
1567 | percent minimum shall be taken from the tenant group that has |
1568 | the largest reservation. The reservation of funds within each |
1569 | notice of fund availability to the tenant group in paragraph (c) |
1570 | may not be less than 5 percent of the funds available at that |
1571 | time. The tenant groups are: |
1572 | (a) Commercial fishing workers and farmworkers; |
1573 | (b) Families; |
1574 | (c) Persons who are homeless; and |
1575 | (d) Elderly persons. Ten percent of the amount reserved |
1576 | for the elderly shall be reserved to provide loans to sponsors |
1577 | of housing for the elderly for the purpose of making building |
1578 | preservation, health, or sanitation repairs or improvements |
1579 | which are required by federal, state, or local regulation or |
1580 | code, or lifesafety or security-related repairs or improvements |
1581 | to such housing. Such a loan may not exceed $750,000 per housing |
1582 | community for the elderly. In order to receive the loan, the |
1583 | sponsor of the housing community must make a commitment to match |
1584 | at least 5 15 percent of the loan amount to pay the cost of such |
1585 | repair or improvement. The corporation shall establish the rate |
1586 | of interest on the loan, which may not exceed 3 percent, and the |
1587 | term of the loan, which may not exceed 15 years; however, if the |
1588 | lien of the corporation's encumbrance is subordinate to the lien |
1589 | of another mortgagee, then the term may be made coterminous with |
1590 | the longest term of the superior lien. The term of the loan |
1591 | shall be established on the basis of a credit analysis of the |
1592 | applicant. The corporation shall establish, by rule, the |
1593 | procedure and criteria for receiving, evaluating, and |
1594 | competitively ranking all applications for loans under this |
1595 | paragraph. A loan application must include evidence of the first |
1596 | mortgagee's having reviewed and approved the sponsor's intent to |
1597 | apply for a loan. A nonprofit organization or sponsor may not |
1598 | use the proceeds of the loan to pay for administrative costs, |
1599 | routine maintenance, or new construction. |
1600 | (5) The amount of the mortgage provided under this program |
1601 | combined with any other mortgage in a superior position shall be |
1602 | less than the value of the project without the housing set-aside |
1603 | required by subsection (2). However, the corporation may waive |
1604 | this requirement for projects in rural areas or urban infill |
1605 | areas which have market rate rents that are less than the |
1606 | allowable rents pursuant to applicable state and federal |
1607 | guidelines, and for projects which reserve units for extremely |
1608 | low-income persons. In no event shall the mortgage provided |
1609 | under this program combined with any other mortgage in a |
1610 | superior position exceed total project cost. |
1611 | (6) On all state apartment incentive loans, except loans |
1612 | made to housing communities for the elderly to provide for |
1613 | lifesafety, building preservation, health, sanitation, or |
1614 | security-related repairs or improvements, the following |
1615 | provisions shall apply: |
1616 | (a) The corporation shall establish two interest rates in |
1617 | accordance with s. 420.507(22)(a)1. and 3. 2. |
1618 | (b) The corporation shall publish a notice of fund |
1619 | availability in a publication of general circulation throughout |
1620 | the state. Such notice shall be published at least 60 days prior |
1621 | to the application deadline and shall provide notice of the |
1622 | temporary reservations of funds established in subsection (3). |
1623 | (c) The corporation shall provide by rule for the |
1624 | establishment of a review committee composed of the department |
1625 | and corporation staff and shall establish by rule a scoring |
1626 | system for evaluation and competitive ranking of applications |
1627 | submitted in this program, including, but not limited to, the |
1628 | following criteria: |
1629 | 1. Tenant income and demographic targeting objectives of |
1630 | the corporation. |
1631 | 2. Targeting objectives of the corporation which will |
1632 | ensure an equitable distribution of loans between rural and |
1633 | urban areas. |
1634 | 3. Sponsor's agreement to reserve the units for persons or |
1635 | families who have incomes below 50 percent of the state or local |
1636 | median income, whichever is higher, for a time period to exceed |
1637 | the minimum required by federal law or the provisions of this |
1638 | part. |
1639 | 4. Sponsor's agreement to reserve more than: |
1640 | a. Twenty percent of the units in the project for persons |
1641 | or families who have incomes that do not exceed 50 percent of |
1642 | the state or local median income, whichever is higher; or |
1643 | b. Forty percent of the units in the project for persons |
1644 | or families who have incomes that do not exceed 60 percent of |
1645 | the state or local median income, whichever is higher, without |
1646 | requiring a greater amount of the loans as provided in this |
1647 | section. |
1648 | 5. Provision for tenant counseling. |
1649 | 6. Sponsor's agreement to accept rental assistance |
1650 | certificates or vouchers as payment for rent; however, when |
1651 | certificates or vouchers are accepted as payment for rent on |
1652 | units set aside for persons with incomes under 50 percent of the |
1653 | state or local median income, whichever is higher, these units |
1654 | shall only be considered to satisfy the sponsor's agreement to |
1655 | serve persons at or above 50 percent of state or local median |
1656 | income pursuant to subsection (2), the benefit must be divided |
1657 | between the corporation and the sponsor, as provided by |
1658 | corporation rule. |
1659 | 7. Projects requiring the least amount of a state |
1660 | apartment incentive loan compared to overall project cost except |
1661 | that the share of the loan attributable to units serving |
1662 | extremely low-income persons shall be excluded from this |
1663 | requirement. |
1664 | 8. Local government contributions and local government |
1665 | comprehensive planning and activities that promote affordable |
1666 | housing. |
1667 | 9. Project feasibility. |
1668 | 10. Economic viability of the project. |
1669 | 11. Commitment of first mortgage financing. |
1670 | 12. Sponsor's prior experience. |
1671 | 13. Sponsor's ability to proceed with construction. |
1672 | 14. Projects that directly implement or assist welfare-to- |
1673 | work transitioning. |
1674 | 15. Projects that reserve units for extremely low-income |
1675 | persons. |
1676 | (d) The corporation may reject any and all applications. |
1677 | (e) The corporation may approve and reject applications |
1678 | for the purpose of achieving geographic targeting. |
1679 | (f) The review committee established by corporation rule |
1680 | pursuant to this subsection shall make recommendations to the |
1681 | board of directors of the corporation regarding program |
1682 | participation under the State Apartment Incentive Loan Program. |
1683 | The corporation board shall make the final ranking and the |
1684 | decisions regarding which applicants shall become program |
1685 | participants based on the scores received in the competitive |
1686 | ranking, further review of applications, and the recommendations |
1687 | of the review committee. The corporation board shall approve or |
1688 | reject applications for loans and shall determine the tentative |
1689 | loan amount available to each applicant selected for |
1690 | participation in the program. The actual loan amount shall be |
1691 | determined pursuant to rule adopted pursuant to s. |
1692 | 420.507(22)(h)(f). |
1693 | (g) The loan term shall be for a period of not more than |
1694 | 15 years; however, if both a program loan and federal low-income |
1695 | housing tax credits are to be used to assist a project, the |
1696 | corporation may set the loan term for a period commensurate with |
1697 | the investment requirements associated with the tax credit |
1698 | syndication. The term of the loan may also exceed 15 years if |
1699 | necessary to conform to requirements of the Federal National |
1700 | Mortgage Association. The corporation may renegotiate and extend |
1701 | the loan in order to extend the availability of housing for the |
1702 | targeted population. The term of a loan may not extend beyond |
1703 | the period for which the sponsor agrees to provide the housing |
1704 | set-aside required by subsection (2). |
1705 | (h) The loan shall be subject to sale, transfer, or |
1706 | refinancing. The sale, transfer, or refinancing of the loan |
1707 | shall be consistent with fiscal program goals and the |
1708 | preservation or advancement of affordable housing for the state. |
1709 | However, all requirements and conditions of the loan shall |
1710 | remain following sale, transfer, or refinancing. |
1711 | (i) The discrimination provisions of s. 420.516 shall |
1712 | apply to all loans. |
1713 | (j) The corporation may require units dedicated for the |
1714 | elderly. |
1715 | (k) Rent controls shall not be allowed on any project |
1716 | except as required in conjunction with the issuance of tax- |
1717 | exempt bonds or federal low-income housing tax credits, and |
1718 | except when the sponsor has committed to set aside units for |
1719 | extremely low-income persons, in which case rents shall be |
1720 | restricted at the level applicable for federal low-income tax |
1721 | credits. |
1722 | (l) The proceeds of all loans shall be used for new |
1723 | construction or substantial rehabilitation which creates |
1724 | affordable, safe, and sanitary housing units. |
1725 | (m) Sponsors shall annually certify the adjusted gross |
1726 | income of all persons or families qualified under subsection (2) |
1727 | at the time of initial occupancy, who are residing in a project |
1728 | funded by this program. All persons or families qualified under |
1729 | subsection (2) may continue to qualify under subsection (2) in a |
1730 | project funded by this program if the adjusted gross income of |
1731 | those persons or families at the time of annual recertification |
1732 | meets the requirements established in s. 142(d)(3)(B) of the |
1733 | Internal Revenue Code of 1986, as amended. If the annual |
1734 | recertification of persons or families qualifying under |
1735 | subsection (2) results in noncompliance with income occupancy |
1736 | requirements, the next available unit must be rented to a person |
1737 | or family qualifying under subsection (2) in order to ensure |
1738 | continuing compliance of the project. The corporation may waive |
1739 | the annual recertification if 100 percent of the units are set |
1740 | aside as affordable. |
1741 | (n) Upon submission and approval of a marketing plan which |
1742 | demonstrates a good faith effort of a sponsor to rent a unit or |
1743 | units to persons or families reserved under subsection (3) and |
1744 | qualified under subsection (2), the sponsor may rent such unit |
1745 | or units to any person or family qualified under subsection (2) |
1746 | notwithstanding the reservation. |
1747 | (o) Sponsors may participate in federal mortgage insurance |
1748 | programs and must abide by the requirements of those programs. |
1749 | If a conflict occurs between the requirements of federal |
1750 | mortgage insurance programs and the requirements of this |
1751 | section, the requirements of federal mortgage insurance programs |
1752 | shall take precedence. |
1753 | Section 23. Section 420.5088, Florida Statutes, is amended |
1754 | to read: |
1755 | 420.5088 Florida Homeownership Assistance Program.--There |
1756 | is created the Florida Homeownership Assistance Program for the |
1757 | purpose of assisting low-income and moderate-income persons in |
1758 | purchasing a home as their primary residence by reducing the |
1759 | cost of the home with below-market construction financing, by |
1760 | reducing the amount of down payment and closing costs paid by |
1761 | the borrower to a maximum of 5 percent of the purchase price, or |
1762 | by reducing the monthly payment to an affordable amount for the |
1763 | purchaser. Loans shall be made available at an interest rate |
1764 | that does not exceed 3 percent. The balance of any loan is due |
1765 | at closing if the property is sold, refinanced, rented, or |
1766 | transferred, unless otherwise approved by the corporation. |
1767 | (1) For loans made available pursuant to s. |
1768 | 420.507(23)(a)1. or 2.: |
1769 | (a) The corporation may underwrite and make those mortgage |
1770 | loans through the program to persons or families who have |
1771 | incomes that do not exceed 120 80 percent of the state or local |
1772 | median income, whichever is greater, adjusted for family size. |
1773 | (b) Loans shall be made available for the term of the |
1774 | first mortgage. |
1775 | (c) Loans may not exceed are limited to the lesser of 35 |
1776 | 25 percent of the purchase price of the home or the amount |
1777 | necessary to enable the purchaser to meet credit underwriting |
1778 | criteria. |
1779 | (2) For loans made pursuant to s. 420.507(23)(a)3.: |
1780 | (a) Availability is limited to nonprofit sponsors or |
1781 | developers who are selected for program participation pursuant |
1782 | to this subsection. |
1783 | (b) Preference must be given to community development |
1784 | corporations as defined in s. 290.033 and to community-based |
1785 | organizations as defined in s. 420.503. |
1786 | (c) Priority must be given to projects that have received |
1787 | state assistance in funding project predevelopment costs. |
1788 | (d) The benefits of making such loans shall be |
1789 | contractually provided to the persons or families purchasing |
1790 | homes financed under this subsection. |
1791 | (e) At least 30 percent of the units in a project financed |
1792 | pursuant to this subsection must be sold to persons or families |
1793 | who have incomes that do not exceed 80 percent of the state or |
1794 | local median income, whichever amount is greater, adjusted for |
1795 | family size; and at least another 30 percent of the units in a |
1796 | project financed pursuant to this subsection must be sold to |
1797 | persons or families who have incomes that do not exceed 65 50 |
1798 | percent of the state or local median income, whichever amount is |
1799 | greater, adjusted for family size. |
1800 | (f) The maximum loan amount may not exceed 33 percent of |
1801 | the total project cost. |
1802 | (g) A person who purchases a home in a project financed |
1803 | under this subsection is eligible for a loan authorized by s. |
1804 | 420.507(23)(a)1. or 2. in an aggregate amount not exceeding the |
1805 | construction loan made pursuant to this subsection. The home |
1806 | purchaser must meet all the requirements for loan recipients |
1807 | established pursuant to the applicable loan program. |
1808 | (h) The corporation shall provide, by rule, for the |
1809 | establishment of a review committee composed of corporation |
1810 | staff and shall establish, by rule, a scoring system for |
1811 | evaluating and ranking applications submitted for construction |
1812 | loans under this subsection, including, but not limited to, the |
1813 | following criteria: |
1814 | 1. The affordability of the housing proposed to be built. |
1815 | 2. The direct benefits of the assistance to the persons |
1816 | who will reside in the proposed housing. |
1817 | 3. The demonstrated capacity of the applicant to carry out |
1818 | the proposal, including the experience of the development team. |
1819 | 4. The economic feasibility of the proposal. |
1820 | 5. The extent to which the applicant demonstrates |
1821 | potential cost savings by combining the benefits of different |
1822 | governmental programs and private initiatives, including the |
1823 | local government contributions and local government |
1824 | comprehensive planning and activities that promote affordable |
1825 | housing. |
1826 | 6. The use of the least amount of program loan funds |
1827 | compared to overall project cost. |
1828 | 7. The provision of homeownership counseling. |
1829 | 8. The applicant's agreement to exceed the requirements of |
1830 | paragraph (e). |
1831 | 9. The commitment of first mortgage financing for the |
1832 | balance of the construction loan and for the permanent loans to |
1833 | the purchasers of the housing. |
1834 | 10. The applicant's ability to proceed with construction. |
1835 | 11. The targeting objectives of the corporation which will |
1836 | ensure an equitable distribution of loans between rural and |
1837 | urban areas. |
1838 | 12. The extent to which the proposal will further the |
1839 | purposes of this program. |
1840 | (i) The corporation may reject any and all applications. |
1841 | (j) The review committee established by corporation rule |
1842 | pursuant to this subsection shall make recommendations to the |
1843 | corporation board regarding program participation under this |
1844 | subsection. The corporation board shall make the final ranking |
1845 | for participation based on the scores received in the ranking, |
1846 | further review of the applications, and the recommendations of |
1847 | the review committee. The corporation board shall approve or |
1848 | reject applicants for loans and shall determine the tentative |
1849 | loan amount available to each program participant. The final |
1850 | loan amount shall be determined pursuant to rule adopted under |
1851 | s. 420.507(23)(h). |
1852 | (3) The corporation shall publish a notice of fund |
1853 | availability in a publication of general circulation throughout |
1854 | the state at least 60 days prior to the anticipated availability |
1855 | of funds. |
1856 | (4) During the first 9 months of fund availability: |
1857 | (a) Sixty percent of the program funds shall be reserved |
1858 | for use by borrowers pursuant to s. 420.507(23)(a)1.; |
1859 | (b) Twenty percent of the program funds shall be reserved |
1860 | for use by borrowers pursuant to s. 420.507(23)(a)2.; and |
1861 | (c) Twenty percent of the program funds shall be reserved |
1862 | for use by borrowers pursuant to s. 420.507(23)(a)3. |
1863 |
|
1864 | If the application of these percentages would cause the |
1865 | reservation of program funds under paragraph (a) to be less than |
1866 | $1 million, the reservation for paragraph (a) shall be increased |
1867 | to $1 million or all available funds, whichever amount is less, |
1868 | with the increase to be accomplished by reducing the reservation |
1869 | for paragraph (b) and, if necessary, paragraph (c). |
1870 | (4)(5) There is authorized to be established by the |
1871 | corporation with a qualified public depository meeting the |
1872 | requirements of chapter 280 the Florida Homeownership Assistance |
1873 | Fund to be administered by the corporation according to the |
1874 | provisions of this program. Any amounts held in the Florida |
1875 | Homeownership Assistance Trust Fund for such purposes as of |
1876 | January 1, 1998, must be transferred to the corporation for |
1877 | deposit in the Florida Homeownership Assistance Fund, whereupon |
1878 | the Florida Homeownership Assistance Trust Fund must be closed. |
1879 | There shall be deposited in the fund moneys from the State |
1880 | Housing Trust Fund created by s. 420.0005, or moneys received |
1881 | from any other source, for the purpose of this program and all |
1882 | proceeds derived from the use of such moneys. In addition, all |
1883 | unencumbered funds, loan repayments, proceeds from the sale of |
1884 | any property, and any other proceeds that would otherwise accrue |
1885 | pursuant to the activities of the programs described in this |
1886 | section shall be transferred to this fund. In addition, all loan |
1887 | repayments, proceeds from the sale of any property, and any |
1888 | other proceeds that would otherwise accrue pursuant to the |
1889 | activities conducted under the provisions of the Florida |
1890 | Homeownership Assistance Program shall be deposited in the fund |
1891 | and shall not revert to the General Revenue Fund. Expenditures |
1892 | from the Florida Homeownership Assistance Fund shall not be |
1893 | required to be included in the corporation's budget request or |
1894 | be subject to appropriation by the Legislature. |
1895 | (5)(6) No more than one-fifth of the funds available in |
1896 | the Florida Homeownership Assistance Fund may be made available |
1897 | to provide loan loss insurance reserve funds to facilitate |
1898 | homeownership for eligible persons. |
1899 | Section 24. Section 420.5095, Florida Statutes, is created |
1900 | to read: |
1901 | 420.5095 Community Workforce Housing Innovation Program.-- |
1902 | (1) The Community Workforce Housing Innovation Program is |
1903 | created for the purpose of providing regulatory incentives and |
1904 | state and local funds to promote local public-private |
1905 | partnerships and leverage government and private resources to |
1906 | provide affordable rental and home ownership community workforce |
1907 | housing for essential services personnel with medium incomes in |
1908 | high-cost and high-growth counties in this state. |
1909 | (2) Subject to the availability of funds appropriated by |
1910 | the Legislature to fund the Community Workforce Housing |
1911 | Innovation Program, the Florida Housing Finance Corporation |
1912 | shall have the authority to provide Community Workforce Housing |
1913 | Innovation Program loans, which may be forgivable, to an |
1914 | applicant for construction or rehabilitation of rental or home |
1915 | ownership workforce housing in targeted high-cost and high- |
1916 | growth counties, areas of critical state concern, or areas that |
1917 | were designated as areas of critical state concern for at least |
1918 | 20 consecutive years prior to removal of the designation. The |
1919 | corporation shall establish a funding process and selection |
1920 | criteria by rule or request for proposals to distribute annually |
1921 | appropriated funds under this section. Funding may be used with |
1922 | other corporation and private sector resources. |
1923 | (3) The corporation shall provide incentives for local |
1924 | governments in these counties to use local affordable housing |
1925 | funds, such as those from the State Housing Initiatives |
1926 | Partnership Program to assist in meeting the affordable housing |
1927 | needs of persons eligible under this program. |
1928 | (4) The Community Workforce Housing Innovation Program |
1929 | projects shall target: |
1930 | (a) "High-cost counties," defined as those counties in |
1931 | which the median sales price of a single-family home using the |
1932 | most recent county level statistics is above the state median |
1933 | sales price of a single-family home, areas of critical state |
1934 | concern designated under s. 380.05 for which the Legislature has |
1935 | declared its intent to provide affordable housing, and areas |
1936 | that were designated as areas of critical state concern for at |
1937 | least 20 consecutive years prior to removal of the designation. |
1938 | The corporation shall develop the list of high-cost counties on |
1939 | an annual basis. |
1940 | (b) "High-growth counties," defined as those counties that |
1941 | demonstrate significantly high rates of growth in K-12 public |
1942 | school students and a substantial number of open teaching |
1943 | positions currently and projected for the next school year. To |
1944 | qualify under these criteria of high growth and need to fill |
1945 | public school teaching positions, a county's school district |
1946 | must have been in the top 10 school districts in the state for |
1947 | the fastest student population growth as a percentage rate of |
1948 | increase for the previous 5 years, as defined by the Department |
1949 | of Education. Counties with school districts having the greatest |
1950 | number of teaching position vacancies shall be prioritized. |
1951 | (c) "Public-private partnerships," defined to include |
1952 | substantial involvement of at least one county, one |
1953 | municipality, or one public sector entity, such as a school |
1954 | district or other unit of local government in which the project |
1955 | is to be located, and at least one private not-for-profit or |
1956 | for-profit project partner. Partnerships are encouraged to |
1957 | include one or more private sector business or charitable |
1958 | entities. |
1959 | (d) "Workforce housing," defined as housing affordable to |
1960 | natural persons or families whose total annual household income |
1961 | does not exceed 150 percent of the area median income, adjusted |
1962 | for household size, in prioritized areas included in this |
1963 | subsection, or a higher area median income, adjusted for |
1964 | household size, in areas of critical state concern or in areas |
1965 | that were designated as areas of critical state concern for at |
1966 | least 20 consecutive years prior to removal of the designation. |
1967 | (e) Essential services personnel in need of affordable |
1968 | housing who are employed in areas in which they are considered |
1969 | essential services personnel, including, but not limited to, |
1970 | teachers and educators, police and fire personnel, skilled |
1971 | construction trades personnel, and health care personnel, and in |
1972 | other job categories in which the personnel are defined as |
1973 | essential services personnel, as locally defined by each county |
1974 | and eligible municipality within its local housing assistance |
1975 | plan pursuant to s. 420.9075. |
1976 | (f) Innovative projects that include new construction or |
1977 | rehabilitation of existing housing, mixed-income housing, or |
1978 | commercial and housing mixed-use elements. |
1979 |
|
1980 | The corporation shall seek to achieve a 70-percent high-cost, |
1981 | 30-percent high-growth ratio in its annual funding of projects. |
1982 | (5) The Community Workforce Housing Innovation Program |
1983 | shall supplement and not supplant the existing affordable |
1984 | housing programs funded under chapter 420. |
1985 | (6) On an annual basis, the corporation shall review the |
1986 | success of the Community Workforce Housing Innovation Program to |
1987 | ascertain whether the program is meeting the housing needs of |
1988 | high-cost and high-growth counties. The corporation shall submit |
1989 | any recommendations for strengthening the program to the |
1990 | Governor, the Speaker of the House of Representatives, and the |
1991 | President of the Senate not later than 2 months after the end of |
1992 | the corporation's fiscal year. |
1993 | (7) The corporation shall review ways to improve public |
1994 | sector and private sector incentives and barriers to affordable |
1995 | and community workforce housing and make any recommendations |
1996 | necessary to improve these incentives in a report to the |
1997 | Governor, the Speaker of the House of Representatives, and the |
1998 | President of the Senate not later than 2 months after the end of |
1999 | the corporation's fiscal year. The corporation may request the |
2000 | assistance of the Department of Community Affairs or the |
2001 | Shimberg Center for Affordable Housing. |
2002 | (8)(a) Projects approved or funded by the Community |
2003 | Workforce Housing Innovation Program as Community Workforce |
2004 | Housing Innovation Program projects shall be eligible for the |
2005 | following workforce housing incentives to promote the financial |
2006 | viability, successful development, and ongoing maintenance of |
2007 | these housing developments: |
2008 | 1. The processing of approvals of development orders or |
2009 | development permits, as defined in s. 163.3164(7) and (8), for |
2010 | affordable housing projects shall be expedited to a greater |
2011 | degree than other projects. |
2012 | 2. Impact fees shall be reduced by 50 percent or may be |
2013 | waived entirely by the local government, or an applicant shall |
2014 | be provided with an alternative method of fee payment by the |
2015 | local government in which the proposed project is to be located. |
2016 | 3. Increased density levels of up to 16 units or higher |
2017 | density per acre shall be allowed, except in coastal high-hazard |
2018 | areas, if approved by the local government, for community |
2019 | workforce housing. |
2020 | 4. The infrastructure capacity in the local comprehensive |
2021 | plan for affordable housing shall be reserved for these |
2022 | communities. |
2023 | 5. Additional affordable residential units in residential |
2024 | zoning districts shall be allowed. |
2025 | 6. Open space and setback requirements for affordable |
2026 | housing shall be reduced by 50 percent. |
2027 | 7. Zero-lot-line configurations shall be allowed. |
2028 | 8. Traffic concurrency requirements shall be modified or |
2029 | reduced by up to 25 percent. |
2030 | 9. Local transportation infrastructure funding shall be |
2031 | considered eligible for prioritization from metropolitan |
2032 | planning organizations. |
2033 | (b) The regulatory incentives for approved Community |
2034 | Workforce Housing Innovation Program projects shall be |
2035 | considered acceptable by the respective local government |
2036 | maintaining jurisdiction over the site of the project, if: |
2037 | 1. The applicant receives a letter of support from the |
2038 | local government for the project application submitted to the |
2039 | corporation; or |
2040 | 2. Within 60 days after receipt of the applicant's plan by |
2041 | the local government, a vote of "no objection" regarding the |
2042 | project is taken by that body. During the 60-day period, the |
2043 | local government and project applicant may agree to modify the |
2044 | project incentives and size of the development with approval |
2045 | from the corporation and still be eligible for project funding. |
2046 | However, if that local government entity votes not to accept the |
2047 | Community Workforce Housing Innovation Program project in its |
2048 | county, the corporation shall remove the application from the |
2049 | project approval list. |
2050 | (9) All eligible applications shall: |
2051 | (a) Set aside at least 80 percent of the units for |
2052 | workforce housing. |
2053 | (b) Set aside at least 50 percent of the units as |
2054 | prioritized for eligible persons who are employed as essential |
2055 | services personnel. |
2056 | (c) For rental projects, restrict rents for all workforce |
2057 | housing serving those with incomes up to 120 percent of area |
2058 | median income at the appropriate income level using the |
2059 | restricted rents for the federal low-income housing tax credit |
2060 | program and, for workforce housing units serving those with |
2061 | incomes up to 150 percent of area median income, restrict rents |
2062 | to those established by the corporation, not to exceed 40 |
2063 | percent of the maximum household income adjusted to unit size. |
2064 | (d) For home ownership, limit the sales price of a |
2065 | detached unit, townhome, or condominium unit to not more than |
2066 | the median sales price for that type of unit in that county and |
2067 | require that all eligible purchasers of home ownership units |
2068 | occupy the homes as their primary residence. |
2069 | (e) Demonstrate that the program applicant consists of a |
2070 | public-private partnership of at least one local government or |
2071 | special district public entity and one private not-for-profit or |
2072 | for-profit partner. |
2073 | (f) Demonstrate how the applicant will use the regulatory |
2074 | incentives outlined in subsection (8) and include, if available, |
2075 | any letters of support for the incentives referenced in |
2076 | subparagraph (8)(b)1. from the local jurisdiction in which the |
2077 | proposed project is to be located. |
2078 | (g) Demonstrate that the applicant possesses title to or |
2079 | site control of land and evidences availability of required |
2080 | infrastructure. |
2081 | (h) Provide any research or facts available supporting the |
2082 | demand and need for rental or home ownership workforce housing |
2083 | for qualified workforce residents in the county in which the |
2084 | project is proposed. |
2085 | (i) Have grants, donations of land, or contributions from |
2086 | the public-private partnership or other sources collectively |
2087 | totaling at least 15 percent of the total development cost. Such |
2088 | grants, donations of land, or contributions must only be |
2089 | evidenced by a letter of commitment at the time of application. |
2090 | (j) Demonstrate accessibility to commercial businesses, |
2091 | services, and employment opportunities needed to serve the needs |
2092 | of the residents or include a viable plan to provide |
2093 | transportation access to those commercial businesses, services, |
2094 | and jobs. |
2095 | (k) Demonstrate a marketing and sales plan to ensure that |
2096 | residents fit the income requirements and workforce employment |
2097 | demand for essential services, as well as alternative strategies |
2098 | to sell or lease units to other qualified individuals if |
2099 | essential services personnel are not immediately available or |
2100 | qualified for the units. |
2101 | (l) Provide a development cost pro forma financial |
2102 | statement for the project. |
2103 | (m) Demonstrate the applicant's affordable housing |
2104 | development and management experience. |
2105 | (n) Demonstrate the long-term affordability of the rental |
2106 | or homeownership units. |
2107 | (10)(a) The corporation shall establish a review committee |
2108 | and shall establish a scoring system for evaluation and |
2109 | competitive ranking of applications submitted to the program. |
2110 | The ranking shall ensure an opportunity for a greater number of |
2111 | high-cost, high-growth counties to receive project funding. |
2112 | (b) The corporation shall award loans with interest rates |
2113 | set at 1 percent, which may be forgivable if the project |
2114 | continues to meet the rental or ownership criteria outlined in |
2115 | subsection (4). The corporation shall develop rules and |
2116 | guidelines to set the terms of forgivability. |
2117 | (11) The corporation may use a maximum of 2 percent of the |
2118 | annual appropriation per state fiscal year for administration |
2119 | and compliance monitoring. |
2120 | (12) The corporation shall develop and implement within |
2121 | the Community Workforce Housing Innovation Program a down- |
2122 | payment assistance program. |
2123 | (13) The corporation shall develop recommendations for |
2124 | increasing the development of innovative affordable home |
2125 | ownership projects serving very-low-income, low-income, and |
2126 | moderate-income residents in Florida, which may include |
2127 | expansion of support for nonprofit home builders, such as |
2128 | Habitat for Humanity and other charitable housing organizations, |
2129 | public housing authorities, and for-profit housing developers. |
2130 | Recommendations shall assess the value of public-private |
2131 | partnerships, increased local and state funding for nonprofit |
2132 | housing organizations, and the possible conversion of existing |
2133 | affordable multifamily rental apartments to affordable home |
2134 | ownership units for projects in high-cost counties and counties |
2135 | with areas designated as areas of critical state concern or |
2136 | areas that were designated as areas of critical state concern |
2137 | for at least 20 consecutive years prior to removal of the |
2138 | designation. Recommendations shall examine how to guarantee |
2139 | long-term affordability for home ownership. The corporation may |
2140 | request the assistance of the Affordable Housing Study |
2141 | Commission in these efforts. |
2142 | Section 25. Subsection (25) of section 420.9071, Florida |
2143 | Statutes, is amended to read: |
2144 | 420.9071 Definitions.--As used in ss. 420.907-420.9079, |
2145 | the term: |
2146 | (25) "Recaptured funds" means funds that are recouped by a |
2147 | county or eligible municipality in accordance with the recapture |
2148 | provisions of its local housing assistance plan pursuant to s. |
2149 | 420.9075(5)(4)(g) from eligible persons or eligible sponsors who |
2150 | default on the terms of a grant award or loan award. |
2151 | Section 26. Subsection (2) of section 420.9072, Florida |
2152 | Statutes, is amended to read: |
2153 | 420.9072 State Housing Initiatives Partnership |
2154 | Program.--The State Housing Initiatives Partnership Program is |
2155 | created for the purpose of providing funds to counties and |
2156 | eligible municipalities as an incentive for the creation of |
2157 | local housing partnerships, to expand production of and preserve |
2158 | affordable housing, to further the housing element of the local |
2159 | government comprehensive plan specific to affordable housing, |
2160 | and to increase housing-related employment. |
2161 | (2)(a) To be eligible to receive funds under the program, |
2162 | a county or eligible municipality must: |
2163 | 1. Submit to the corporation its local housing assistance |
2164 | plan describing the local housing assistance strategies |
2165 | established pursuant to s. 420.9075; |
2166 | 2. Within 12 months after adopting the local housing |
2167 | assistance plan, amend the plan to incorporate the local housing |
2168 | incentive strategies defined in s. 420.9071(16) and described in |
2169 | s. 420.9076; and |
2170 | 3. Within 24 months after adopting the amended local |
2171 | housing assistance plan to incorporate the local housing |
2172 | incentive strategies, amend its land development regulations or |
2173 | establish local policies and procedures, as necessary, to |
2174 | implement the local housing incentive strategies adopted by the |
2175 | local governing body. A county or an eligible municipality that |
2176 | has adopted a housing incentive strategy pursuant to s. 420.9076 |
2177 | before the effective date of this act shall review the status of |
2178 | implementation of the plan according to its adopted schedule for |
2179 | implementation and report its findings in the annual report |
2180 | required by s. 420.9075(10)(9). If as a result of the review, a |
2181 | county or an eligible municipality determines that the |
2182 | implementation is complete and in accordance with its schedule, |
2183 | no further action is necessary. If a county or an eligible |
2184 | municipality determines that implementation according to its |
2185 | schedule is not complete, it must amend its land development |
2186 | regulations or establish local policies and procedures, as |
2187 | necessary, to implement the housing incentive plan within 12 |
2188 | months after the effective date of this act, or if extenuating |
2189 | circumstances prevent implementation within 12 months, pursuant |
2190 | to s. 420.9075(13)(12), enter into an extension agreement with |
2191 | the corporation. |
2192 | (b) A county or an eligible municipality seeking approval |
2193 | to receive its share of the local housing distribution must |
2194 | adopt an ordinance containing the following provisions: |
2195 | 1. Creation of a local housing assistance trust fund as |
2196 | described in s. 420.9075(6)(5). |
2197 | 2. Adoption by resolution of a local housing assistance |
2198 | plan as defined in s. 420.9071(14) to be implemented through a |
2199 | local housing partnership as defined in s. 420.9071(18). |
2200 | 3. Designation of the responsibility for the |
2201 | administration of the local housing assistance plan. Such |
2202 | ordinance may also provide for the contracting of all or part of |
2203 | the administrative or other functions of the program to a third |
2204 | person or entity. |
2205 | 4. Creation of the affordable housing advisory committee |
2206 | as provided in s. 420.9076. |
2207 |
|
2208 | The ordinance must not take effect until at least 30 days after |
2209 | the date of formal adoption. Ordinances in effect prior to the |
2210 | effective date of amendments to this section shall be amended as |
2211 | needed to conform to new provisions. |
2212 | Section 27. Paragraphs (a) and (c) of present subsection |
2213 | (4) of section 420.9075, Florida Statutes, are amended, |
2214 | subsections (3) through (12) are renumbered as subsections (4) |
2215 | through (13), respectively, and a new subsection (3) is added to |
2216 | that section, to read: |
2217 | 420.9075 Local housing assistance plans; partnerships.-- |
2218 | (3)(a) Each local housing assistance plan shall include a |
2219 | definition of essential service personnel for the county or |
2220 | eligible municipality, including, but not limited to, teachers |
2221 | and educators, police and fire personnel, health care personnel, |
2222 | skilled building trades personnel, and other job categories. |
2223 | (b) Each county and each eligible municipality is |
2224 | encouraged to develop a strategy within its local housing |
2225 | assistance plan that emphasizes the recruitment and retention of |
2226 | essential service personnel and persons skilled in the building |
2227 | trades. The local government is encouraged to involve public and |
2228 | private sector employers. Compliance with the eligibility |
2229 | criteria established under this strategy shall be verified by |
2230 | the county or eligible municipality. |
2231 | (5)(4) The following criteria apply to awards made to |
2232 | eligible sponsors or eligible persons for the purpose of |
2233 | providing eligible housing: |
2234 | (a) At least 65 percent of the funds made available in |
2235 | each county and eligible municipality from the local housing |
2236 | distribution must be reserved for home ownership for eligible |
2237 | persons, with an annual goal of at least one-third of those |
2238 | funds going to home ownership for very-low-income persons. |
2239 | (c) The sales price or value of new or existing eligible |
2240 | housing may not exceed 90 percent of the average area purchase |
2241 | price in the statistical area in which the eligible housing is |
2242 | located. Such average area purchase price may be that calculated |
2243 | for any 12-month period beginning not earlier than the fourth |
2244 | calendar year prior to the year in which the award occurs or as |
2245 | otherwise established by the United States Department of the |
2246 | Treasury. |
2247 |
|
2248 | If both an award under the local housing assistance plan and |
2249 | federal low-income housing tax credits are used to assist a |
2250 | project and there is a conflict between the criteria prescribed |
2251 | in this subsection and the requirements of s. 42 of the Internal |
2252 | Revenue Code of 1986, as amended, the county or eligible |
2253 | municipality may resolve the conflict by giving precedence to |
2254 | the requirements of s. 42 of the Internal Revenue Code of 1986, |
2255 | as amended, in lieu of following the criteria prescribed in this |
2256 | subsection with the exception of paragraphs (a) and (d) of this |
2257 | subsection. |
2258 | Section 28. Subsection (6) of section 420.9076, Florida |
2259 | Statutes, is amended to read: |
2260 | 420.9076 Adoption of affordable housing incentive |
2261 | strategies; committees.-- |
2262 | (6) Within 90 days after the date of receipt of the local |
2263 | housing incentive strategies recommendations from the advisory |
2264 | committee, the governing body of the appointing local government |
2265 | shall adopt an amendment to its local housing assistance plan to |
2266 | incorporate the local housing incentive strategies it will |
2267 | implement within its jurisdiction. The amendment must include, |
2268 | at a minimum, the local housing incentive strategies specified |
2269 | as defined in paragraphs (4)(a)-(j) s. 420.9071(16). |
2270 | Section 29. Subsection (2) of section 420.9079, Florida |
2271 | Statutes, is amended to read: |
2272 | 420.9079 Local Government Housing Trust Fund.-- |
2273 | (2) The corporation shall administer the fund exclusively |
2274 | for the purpose of implementing the programs described in ss. |
2275 | 420.907-420.9078 and this section. With the exception of |
2276 | monitoring the activities of counties and eligible |
2277 | municipalities to determine local compliance with program |
2278 | requirements, the corporation shall not receive appropriations |
2279 | from the fund for administrative or personnel costs. For the |
2280 | purpose of implementing the compliance monitoring provisions of |
2281 | s. 420.9075(9)(8), the corporation may request a maximum of one- |
2282 | quarter of 1 percent of the annual appropriation $200,000 per |
2283 | state fiscal year. When such funding is appropriated, the |
2284 | corporation shall deduct the amount appropriated prior to |
2285 | calculating the local housing distribution pursuant to ss. |
2286 | 420.9072 and 420.9073. |
2287 | Section 30. Paragraph (c) of subsection (1) and paragraph |
2288 | (e) of subsection (2) of section 624.5105, Florida Statutes, are |
2289 | amended to read: |
2290 | 624.5105 Community contribution tax credit; authorization; |
2291 | limitations; eligibility and application requirements; |
2292 | administration; definitions; expiration.-- |
2293 | (1) AUTHORIZATION TO GRANT TAX CREDITS; LIMITATIONS.-- |
2294 | (c) The total amount of tax credit which may be granted |
2295 | for all programs approved under this section and ss. |
2296 | 212.08(5)(q) and 220.183 is $10 $12 million annually for |
2297 | projects that provide homeownership opportunities for low-income |
2298 | or very-low-income persons as defined in s. 420.9071(19) and |
2299 | (28) and $3 million annually for all other projects. |
2300 | (2) ELIGIBILITY REQUIREMENTS.-- |
2301 | (e)1. For the first 6 months of the fiscal year, the |
2302 | Office of Tourism, Trade, and Economic Development shall reserve |
2303 | 80 percent of the first $10 million in available annual tax |
2304 | credits, and 70 percent of any available annual tax credits in |
2305 | excess of $10 million, for donations made to eligible sponsors |
2306 | for projects that provide homeownership opportunities for low- |
2307 | income or very-low-income households as defined in s. |
2308 | 420.9071(19) and (28). If any such reserved annual tax credits |
2309 | remain after the first 6 months of the fiscal year, the office |
2310 | may approve the balance of these available credits for donations |
2311 | made to eligible sponsors for projects other than those that |
2312 | provide homeownership opportunities for low-income or very-low- |
2313 | income households. |
2314 | 2. For the first 6 months of the fiscal year, the office |
2315 | shall reserve 20 percent of the first $10 million in available |
2316 | annual tax credits, and 30 percent of any available annual tax |
2317 | credits in excess of $10 million, for donations made to eligible |
2318 | sponsors for projects other than those that provide |
2319 | homeownership opportunities for low-income or very-low-income |
2320 | households as defined in s. 420.9071(19) and (28). If any |
2321 | reserved annual tax credits remain after the first 6 months of |
2322 | the fiscal year, the office may approve the balance of these |
2323 | available credits for donations made to eligible sponsors for |
2324 | projects that provide homeownership opportunities for low-income |
2325 | or very-low-income households. |
2326 | 3. If, during the first 10 business days of the state |
2327 | fiscal year, eligible tax credit applications for projects that |
2328 | provide homeownership opportunities for low-income or very-low- |
2329 | income persons as defined in s. 420.9071(19) and (28) are |
2330 | received for less than the available annual tax credits |
2331 | available for those projects reserved under subparagraph 1., the |
2332 | office shall grant tax credits for those applications and shall |
2333 | grant remaining tax credits on a first-come, first-served basis |
2334 | for any subsequent eligible applications received before the end |
2335 | of the first 6 months of the state fiscal year. If, during the |
2336 | first 10 business days of the state fiscal year, eligible tax |
2337 | credit applications for projects that provide homeownership |
2338 | opportunities for low-income or very-low-income persons as |
2339 | defined in s. 420.9071(19) and (28) are received for more than |
2340 | the available annual tax credits available for those projects |
2341 | reserved under subparagraph 1., the office shall grant the tax |
2342 | credits for those the applications as follows: |
2343 | a. If tax credit applications submitted for approved |
2344 | projects of an eligible sponsor do not exceed $200,000 in total, |
2345 | the credits shall be granted in full if the tax credit |
2346 | applications are approved, subject to subparagraph 1. |
2347 | b. If tax credit applications submitted for approved |
2348 | projects of an eligible sponsor exceed $200,000 in total, the |
2349 | amount of tax credits granted under sub-subparagraph a. shall be |
2350 | subtracted from the amount of available tax credits under |
2351 | subparagraph 1., and the remaining credits shall be granted to |
2352 | each approved tax credit application on a pro rata basis. |
2353 | c. If, after the first 6 months of the fiscal year, |
2354 | additional credits become available under subparagraph 2., the |
2355 | office shall grant the tax credits by first granting to those |
2356 | who received a pro rata reduction up to the full amount of their |
2357 | request and, if there are remaining credits, granting credits to |
2358 | those who applied on or after the 11th business day of the state |
2359 | fiscal year on a first-come, first-served basis. |
2360 | 2.4. If, during the first 10 business days of the state |
2361 | fiscal year, eligible tax credit applications for projects other |
2362 | than those that provide homeownership opportunities for low- |
2363 | income or very-low-income persons as defined in s. 420.9071(19) |
2364 | and (28) are received for less than the available annual tax |
2365 | credits available for those projects reserved under subparagraph |
2366 | 2., the office shall grant tax credits for those applications |
2367 | and shall grant remaining tax credits on a first-come, first- |
2368 | served basis for any subsequent eligible applications received |
2369 | before the end of the first 6 months of the state fiscal year. |
2370 | If, during the first 10 business days of the state fiscal year, |
2371 | eligible tax credit applications for projects other than those |
2372 | that provide homeownership opportunities for low-income or very- |
2373 | low-income persons as defined in s. 420.9071(19) and (28) are |
2374 | received for more than the available annual tax credits |
2375 | available for those projects reserved under subparagraph 2., the |
2376 | office shall grant the tax credits for those the applications on |
2377 | a pro rata basis. If, after the first 6 months of the fiscal |
2378 | year, additional credits become available under subparagraph 1., |
2379 | the office shall grant the tax credits by first granting to |
2380 | those who received a pro rata reduction up to the full amount of |
2381 | their request and, if there are remaining credits, granting |
2382 | credits to those who applied on or after the 11th business day |
2383 | of the state fiscal year on a first-come, first-served basis. |
2384 | Section 31. Paragraph (b) of subsection (9) of section |
2385 | 1001.42, Florida Statutes, is amended to read: |
2386 | 1001.42 Powers and duties of district school board.--The |
2387 | district school board, acting as a board, shall exercise all |
2388 | powers and perform all duties listed below: |
2389 | (9) SCHOOL PLANT.--Approve plans for locating, planning, |
2390 | constructing, sanitating, insuring, maintaining, protecting, and |
2391 | condemning school property as prescribed in chapter 1013 and as |
2392 | follows: |
2393 | (b) Sites, buildings, and equipment.-- |
2394 | 1. Select and purchase school sites, playgrounds, and |
2395 | recreational areas located at centers at which schools are to be |
2396 | constructed, of adequate size to meet the needs of projected |
2397 | students to be accommodated. |
2398 | 2. Approve the proposed purchase of any site, playground, |
2399 | or recreational area for which district funds are to be used. |
2400 | 3. Expand existing sites. |
2401 | 4. Rent buildings when necessary. |
2402 | 5. Enter into leases or lease-purchase arrangements, in |
2403 | accordance with the requirements and conditions provided in s. |
2404 | 1013.15(2), with private individuals or corporations for the |
2405 | rental of necessary grounds and educational facilities for |
2406 | school purposes or of educational facilities to be erected for |
2407 | school purposes. Current or other funds authorized by law may be |
2408 | used to make payments under a lease-purchase agreement. |
2409 | Notwithstanding any other statutes, if the rental is to be paid |
2410 | from funds received from ad valorem taxation and the agreement |
2411 | is for a period greater than 12 months, an approving referendum |
2412 | must be held. The provisions of such contracts, including |
2413 | building plans, shall be subject to approval by the Department |
2414 | of Education, and no such contract shall be entered into without |
2415 | such approval. As used in this section, "educational facilities" |
2416 | means the buildings and equipment that are built, installed, or |
2417 | established to serve educational purposes and that may lawfully |
2418 | be used. The State Board of Education may adopt such rules as |
2419 | are necessary to implement these provisions. |
2420 | 6. Provide for the proper supervision of construction. |
2421 | 7. Make or contract for additions, alterations, and |
2422 | repairs on buildings and other school properties. |
2423 | 8. Ensure that all plans and specifications for buildings |
2424 | provide adequately for the safety and well-being of students, as |
2425 | well as for economy of construction. |
2426 | 9. Provide affordable housing for teachers and other |
2427 | instructional personnel independently or in conjunction with |
2428 | other agencies as described in s. 1001.43(5). |
2429 | Section 32. Subsection (6) of section 1013.01, Florida |
2430 | Statutes, is amended to read: |
2431 | 1013.01 Definitions.--The following terms shall be defined |
2432 | as follows for the purpose of this chapter: |
2433 | (6) "Educational facilities" means the buildings and |
2434 | equipment, structures, and special educational use areas that |
2435 | are built, installed, or established to serve primarily the |
2436 | educational purposes and secondarily the social and recreational |
2437 | purposes of the community and which may lawfully be used as |
2438 | authorized by the Florida Statutes and approved by boards. |
2439 | Affordable housing and workforce housing for teachers and school |
2440 | personnel also qualify as educational facilities if approved by |
2441 | the board. |
2442 | Section 33. Subsection (5) is added to section 1013.15, |
2443 | Florida Statutes, to read: |
2444 | 1013.15 Lease, rental, and lease-purchase of educational |
2445 | facilities and sites.-- |
2446 | (5) A board may rent or lease existing buildings, land, or |
2447 | space within existing buildings, originally constructed or used |
2448 | for purposes other than education, for conversion to use as |
2449 | affordable and workforce housing, as defined in ss. 420.0004 and |
2450 | 420.5095, for school and instructional personnel. |
2451 | Section 34. The sum of $20 million is appropriated from |
2452 | the State Housing Trust Fund to the Florida Housing Finance |
2453 | Corporation for the 2006-2007 fiscal year to provide funds to |
2454 | teachers eligible for affordable housing pursuant to s. 420.5088 |
2455 | or s. 420.5089, Florida Statutes, and to assist in teacher |
2456 | retention and recruitment as a response to the state's teacher |
2457 | shortage. |
2458 | Section 35. The sum of $32 million is appropriated from |
2459 | the Local Government Housing Trust Fund to the Florida Housing |
2460 | Finance Corporation for the 2006-2007 fiscal year to assist in |
2461 | the production of housing units for extremely low-income |
2462 | persons. |
2463 | Section 36. Except as otherwise expressly provided in this |
2464 | act, this act shall take effect July 1, 2006. |