Credit goes to the City of Miami staff for becoming among, if not the first Florida municipality, to publish their updated interpretation and guidelines for Live Local Act 2024 (SB328). With the new clarifications generally,...more
6/6/2024
/ Affordable Housing ,
Community Development ,
Employee Housing ,
Florida ,
Housing Developers ,
Housing Market ,
Miami ,
New Legislation ,
Policies and Procedures ,
Real Estate Development ,
Urban Planning & Development
Florida Governor DeSantis just signed into law Senate Bill 328 (“SB328”), the enhancement to last year’s Live Local Act (“LLA” or “SB102”). The amendments made to the Live Local Act by SB328 are significant in both benefits...more
The Florida Housing Finance Corporation (“FHFC”) recently published their 2024 Income Limits and Rent Limits. These figures show up to a 10% increase in rent limits applicable to qualified Live Local Act projects throughout...more
On February 28, 2024, the Florida House of Representatives passed Senate Bill 328 (“SB 328”), previously unanimously approved by the Florida Senate by a vote of 112 to 1. SB 328, regarded as the Live Local Act 2024 (“LLA...more
2/29/2024
/ Affordable Housing ,
Critical Infrastructure Sectors ,
Florida ,
Housing Market ,
Low Income Housing ,
Low-Income Issues ,
Pending Legislation ,
Real Estate Development ,
Real Estate Market ,
Regulatory Agenda ,
State and Local Government ,
Urban Planning & Development
Yesterday, the Florida Senate on the opening day of legislative session unanimously passed by a vote of 40 to 0, Senate Bill 328 also known as the “Live Local Act 2024”. SB328 is in response to a mix of reactions to the...more
2/8/2024
/ Affordable Housing ,
Community Development ,
Construction Project ,
Critical Infrastructure Sectors ,
Employee Housing ,
Housing Developers ,
Housing Market ,
Real Estate Development ,
Regulatory Requirements ,
State and Local Government ,
Tax Credits ,
Urban Planning & Development
As expected, within days of the opening day of the 2024 Legislative Session came two proposed “clarification glitch” bills containing several proposed amendments to the Live Local Act. Senate Bill 328, sponsored by Senator...more
2/2/2024
/ Affordable Housing ,
Construction Project ,
Critical Infrastructure Sectors ,
Florida ,
Housing Market ,
Low Income Housing ,
Low-Income Issues ,
Preemption ,
Property Tax ,
Proposed Legislation ,
Real Estate Development ,
Regulatory Agenda ,
Urban Planning & Development
Rising home prices and sustained population growth has resulted in an affordability crunch affecting many of Florida’s top housing markets. In fact, six of the nation’s hottest rental markets are in the Sunshine State....more
Over the past several years, the Florida legislature has increased and expanded the tax exemptions for affordable housing projects in order to incentivize the development of additional affordable housing projects. In Senate...more
4/12/2023
/ Ad Valorem Tax ,
Affordable Housing ,
Construction Project ,
Florida ,
High Growth Segment ,
Housing Market ,
Infrastructure ,
Real Estate Development ,
Real Estate Market ,
Tax Exemptions ,
Urban Planning & Development
More Density, More Height and Less Bureaucracy -
The Live Local Act (“Live Local” or the “Act”) makes unprecedented changes to zoning law that impact and limit local government power....more
In 2007, the Miami-Dade County Board of County Commissioners adopted Ordinance No. 07-05, which created a voluntary Workforce Housing Development Program in order to encourage development of land available for residential use...more
5/20/2019
/ Affordable Housing ,
Density Bonus ,
Employee Housing ,
Florida ,
Housing Developers ,
Housing Market ,
Impact Fees ,
Local Ordinance ,
Miami ,
Real Estate Market ,
Rental Property ,
Urban Planning & Development
Cities across America are facing an affordability crunch and housing in Miami is no different. The short supply of affordable housing is even scarcer in proximity to Miami’s central employment districts with no single...more
3/15/2018
/ Affordable Housing ,
Construction Industry ,
Florida ,
High Growth Segment ,
Housing Market ,
Infrastructure ,
Miami ,
Public Transportation ,
Real Estate Development ,
Real Estate Market ,
Urban Planning & Development