Senate Bill sb2552

    Florida Senate - 2006                                  SB 2552

    By Senator Dawson





    29-1672-06                                              See HB

  1                      A bill to be entitled

  2         An act relating to affordable housing;

  3         requiring certain developers to provide

  4         affordable housing; providing locations where

  5         the developer must provide the housing;

  6         authorizing the developers to make payment to

  7         the Florida Affordable Housing Trust Fund in

  8         lieu of providing affordable housing; providing

  9         the Department of Business and Professional

10         Regulation with certain powers and

11         responsibilities; providing an effective date.

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13  Be It Enacted by the Legislature of the State of Florida:

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15         Section 1.  Developers of new housing projects

16  consisting of residential developments of 10 or more housing

17  units are required to provide and develop 10 percent of each

18  new project as affordable housing. If the affordable housing

19  portion of the project is not developed on the same site as

20  the new housing project, the affordable housing portion must

21  be developed at another location within the same county. A

22  developer, in lieu of building affordable housing units in

23  accordance with this act, may make a monetary payment to the

24  Florida Affordable Housing Trust Fund. Affordable housing

25  units must conform to the same standards of quality as all of

26  the units being constructed in the residential development.

27  The Department of Business and Professional Regulation shall

28  be responsible for the following:

29         (1)  Enforcing developers' and builders' compliance

30  with the provisions of this act as they plan new residential

31  developments.

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CODING: Words stricken are deletions; words underlined are additions.






    Florida Senate - 2006                                  SB 2552
    29-1672-06                                              See HB




 1         (2)  Establishing and providing density bonuses and

 2  other incentive programs as partial compensation for producing

 3  affordable housing units.

 4         (3)  Defining the affordable level of housing prices or

 5  rents for the affordable housing being developed pursuant to

 6  this act.

 7         (4)  Establishing income limits to determine households

 8  eligible for affordable units based on the range of the

 9  regional median household income.

10         (5)  Establishing a period during which resale prices

11  or rental increases are controlled to maintain the supply of

12  affordable housing.

13         (6)  Providing guidelines for the location and design

14  of affordable units within market-rate development.

15         (7)  Identifying a division, agency, or other entity

16  within the department which will be responsible for monitoring

17  the condition and turnover of units developed pursuant to this

18  act.

19         (8)  Establishing the amount of the payment which

20  developers must make to the Florida Affordable Housing Trust

21  Fund to relieve themselves of the affordable housing

22  requirement.

23         Section 2.  This act shall take effect July 1, 2006.

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CODING: Words stricken are deletions; words underlined are additions.