Matt J
SWGB
It's not so much a fix as a gift to developers to avoid property taxes.
commercialobserver.com
There's no provision in the bill for the lower prices units to stay, nor does it require those units to transfer in a sale.
A local example would be Terra Mar which was approved with affordable units. It sold one year after completion and those units don't exist anymore.
Florida Legislature Approves Affordable Housing ‘Live Local Act’
The legislation would also provide $711 million for affordable housing programs.
commercialobserver.com
There's no provision in the bill for the lower prices units to stay, nor does it require those units to transfer in a sale.
A local example would be Terra Mar which was approved with affordable units. It sold one year after completion and those units don't exist anymore.