H1467: Affordable Housing

Legislative Summary

Authorizes municipalities to create community land bank programs to sell eligible real property by private sale for purposes of affordable housing & provides requirements for such programs; authorizes Florida Housing Finance Corporation to allocate tax credit among certain projects; authorizes tax credit to be transferred by recipient; creates Retail-to-residence Tax Credit Program; requires corporation to establish & adopt procedures & to prepare annual plan; requires plan to be approved by Governor; authorizes corporation to exercise certain powers; creates Affordable Housing Construction Loan Program; provides corporation with certain powers & responsibilities relating to program; provides requirements for program.