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
Biden Nominates McCargo To Lead Ginnie Mae

Currently Serves As Senior Advisor For Housing Finance At HUD

Regulation and Compliance
Sep 14, 2021
OCC Plans To Rescind 2020 CRA Rule

The OCC formally issued a proposal to rescind a controversial rule within the Community Reinvestment Act (CRA) that was published in June 2020.

Regulation and Compliance
Sep 10, 2021
Flexibilities Move Forward

Pandemic Priorities Continue To Drive Industry Modernization

Regulation and Compliance
Sep 08, 2021
FHFA And The Enterprises Coordinate Action On Equitable Housing

Today the FHFA is announcing that Fannie Mae and Freddie Mac (the Enterprises) will submit Equitable Housing Finance Plans to the FHFA by the end of 2021.

Regulation and Compliance
Sep 08, 2021
Realtors Encouraged By Biden Plan to Expand Housing Supply

Administration Said Wednesday It Plans To Add 100,000 Affordable Homes In 3 Years

Regulation and Compliance
Sep 03, 2021
Biden Administration Announces Plan For Affordable Housing

President Biden and his administration firmly believe it is time to intervene in the housing market.

Regulation and Compliance
Sep 01, 2021