Florida Senate - 2021                                    SB 1068
       
       
        
       By Senator Taddeo
       
       
       
       
       
       40-01110-21                                           20211068__
    1                        A bill to be entitled                      
    2         An act relating to local housing assistance plans;
    3         amending s. 420.9075, F.S.; revising the percentages
    4         of local housing funds which must be reserved for
    5         eligible housing; providing an effective date.
    6          
    7  Be It Enacted by the Legislature of the State of Florida:
    8  
    9         Section 1. Paragraphs (a), (b), and (c) of subsection (5)
   10  of section 420.9075, Florida Statutes, are amended to read:
   11         420.9075 Local housing assistance plans; partnerships.—
   12         (5) The following criteria apply to awards made to eligible
   13  sponsors or eligible persons for the purpose of providing
   14  eligible housing:
   15         (a) At least 50 65 percent of the funds made available in
   16  each county and eligible municipality from the local housing
   17  distribution must be reserved for home ownership for eligible
   18  persons.
   19         (b) Up to 50 25 percent of the funds made available in each
   20  county and eligible municipality from the local housing
   21  distribution may be reserved for rental housing for eligible
   22  persons or for the purposes enumerated in s. 420.9072(7)(b).
   23         (c) At least 50 75 percent of the funds made available in
   24  each county and eligible municipality from the local housing
   25  distribution must be reserved for construction, rehabilitation,
   26  or emergency repair of affordable, eligible housing.
   27         Section 2. This act shall take effect July 1, 2021.