Title: Affordable Housing Inclusionary Housing Ordinances

Summary: Requires, rather than authorizes, inclusionary housing ordinances to require developers to provide specified number or percentage of affordable housing units; removes authorization for developer to contribute to housing fund or other alternatives in lieu of building affordable housing units.

Full Text:
An act relating to affordable housing inclusionary housing ordinances; amending ss. 125.01055 and 166.04151, F.S.; requiring, rather than authorizing, inclusionary housing ordinances to require developers to provide a specified number or percentage of affordable housing units; deleting the authorization for a developer to contribute to a housing fund or other alternatives in lieu of building affordable housing units; providing an effective date. Be It Enacted by the Legislature of the State of Florida: Section 1. Subsection (2) of section 125.01055, Florida Statutes, is amended to read: 125.01055 Affordable housing.-(2) An inclusionary ho using ordinance must may require a developer to provide a specified number or percentage of affordable housing units to be included in a development or allow a developer to contribute to a housing fund or other alternatives in lieu of building the affordab le housing units.Section 2. Subsection (2) of section 166.04151, Florida Statutes, is amended to read: 166.04151 Affordable housing.-(2) An inclusionary housing ordinance must may require a HB 1603 2024 developer to provide a specified number or percentage of affordable housing units to be included in a development or allow a developer to contribute to a housing fund or other alternatives in lieu of building the affordable housing units.Section 3. This act shall take effect July 1, 2024.