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Lawmakers are considering sweeping funds away from affordable housing programs and using those dollars to support environmental initiatives outlined by Governor Ron DeSantis. That includes wastewater improvement projects and helping communities deal with the impacts of sea level rise and flooding
Lawmakers are considering a proposal to take money from an affordable housing trust fund to put toward environmental initiatives. But housing advocates and environmentalists say that takes away money from housing programs desperately needed in Florida.
The documentary stamp tax helps fund many different things, from land acquisition to state transportation. It also gives money to state and local government housing, which supports programs that develop and preserve affordable housing and assist people with down payments and financing. But lawmakers are seeking to reduce the money these programs get from the documentary stamp tax from about 24% to roughly 6%.