Live Local Act

THE LIVE LOCAL ACT WAS SIGNED INTO LAW ON MARCH 29, 2023

Here’s why this new law is so important for housing in Florida: 

$811 million, the largest investment in housing ever in state history, including:
   + $252 million to help people buy homes.
   + $259 million to create new affordable rental units.
   + $100 million to help Florida workers buy their first home.
   + Up to $100 million for business tax contributions to rental housing.

$1.5 billion over ten years to build new affordable rental units.

Expands eligibility of Hometown Heroes Housing Program and increases maximum loan amount.

Uses tax exemptions and credits to incentivize private investment in affordable rental housing. 

Eases local restrictions on where affordable housing can be built.