Bill Summary

by Joseph

Housing: Removes preemption provisions relating to rent control; authorizes municipalities & counties to create community land bank programs & provides requirements for such programs; authorizes tax credit for certain projects; provides maximum value of such credit; authorizes FHFC to allocate tax credit among certain projects; requires certain agencies to provide report to Legislature relating to use of specified funds; requires DFS to adopt home resiliency grading scale with certain requirements; provides requirements for creation of certain program; establishes Innovation Mitigation Solutions Pilot Program within DFS; allows mortgage lenders & property insurers to submit certain proposals; authorizes DFS to waive or develop certain rules; creates Retail-to-residence Tax Credit Program & provides requirements for such program; creates Affordable Housing Construction Loan Program & provides requirements for such program; provides that certain actions are violation of Florida Antitrust Act of 1980; revises powers of consumer advocate appointed by CFO; specifies that failure to obey certain court orders may be punished as contempt; prohibits OIR from approving certain rate filings; prohibits certain business entities from purchasing, acquiring, or otherwise obtaining certain property & subsequently leasing or renting such property; requires certain property be listed for sale for specified timeframe; requires specified notice; authorizes civil actions by OAG. Effective Date: July 1, 2026

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