It would provide incentives for private investment in affordable housing, while barring rent controls and rules on zoning, density and building heights.
Among other things, the “Live Local Act” bill would create tax exemptions for developments that set aside at least 70 units for affordable housing and would speed permits and development orders for affordable-housing projects.
With approval Friday from the Florida House, Senate President Kathleen Passidomo’s $711 million effort to make housing more affordable for working Floridians is headed to Gov. Ron DeSantis.