Skip to main content

New Florida Law Rewrites Inclusionary Housing Terms

Phil Hall
Jul 03, 2019
Photo credit: Getty Images/designer491

Florida Gov. Ron Desantis has signed into law a bill that changes how local governments from enact affordable housing mandates on developers.
According to a WJCT report, the bill eliminates the ability of county governments to force developers to include a minimum number of inclusionary housing units in new real estate projects or pay an impact fee. Counties will still be able to require a developer to provide a specified number of affordable housing units, but now they must also provide incentives to offset the developer’s costs.
Rep. Jason Fischer (R-Jacksonville), the author of the bill favors a voluntary incentive-based approach to inclusionary housing rather than government-based parameters.
“Any time the government gets involved and starts setting artificial prices, that will itself lead to higher prices for the vast majority of people,” he said. “So, when they come in and the government by force messes with price controls, that can cause cost increases.”

Jul 03, 2019
R.I. Mortgage Broker Pleads Guilty To $6M Ponzi Scheme

Decade-long scheme was used to finance a lavish lifestyle.

Regulation and Compliance
Sep 30, 2022
Fannie Mae Names Almodovar Its New CEO

Financial services veteran brings more than 30 years experience and a strong commitment to affordable housing.

Regulation and Compliance
Sep 29, 2022
OCC Fines Sterling Bank & Trust $6M Over Mortgage Fraud

Bank, parent company remain under criminal investigation by Justice Department and SEC.

Regulation and Compliance
Sep 27, 2022
Federal Court Shutters Sham Mortgage Relief Operation

FTC, California agency accuse 2 business owners of scam that cost consumers millions of dollars.

Regulation and Compliance
Sep 22, 2022
CFPB Seeks Input On Creating New Mortgage Products

Agency seeks information on refinances, mortgage products to promote competition and support household financial stability.

Regulation and Compliance
Sep 22, 2022
The Fed Raises Interest Rate 0.75% For The 3rd Time

Chairman said housing market may have to go through "a correction" to return to balance.

Regulation and Compliance
Sep 21, 2022