affordable housing
Representative Vern Buchanan (R-FL) is introducing bipartisan legislation to permanently extend and expand mortgage tax deductions and cut taxes on condominium owners. Named the Middle-Class Mortgage Insurance Premium Act, Rep. Buchanan's bill revives a tax deduction for mortgage insurance premiums that expired in 2021. Mortgage insurance is required for home buyers who cannot afford a […]
MIAMI—On Thursday, in response to a resident's question on affordable housing, Miami-Dade County Mayor Daniella Levine Cava addressed how she tackled the affordable housing issue in the county during her first term in office as mayor. "I've doubled our investment in affordable housing since I became mayor, and over my first term, the county has […]
Is the Biden Administration's push for 'green' policies doing more harm than good? Many Republicans have said so, as the White House's environmental agenda creates more federal regulations that impede economic growth and make life more difficult for everyday Americans. Senator Marco Rubio (R-FL) expressed the sentiment in a recent op-ed for the New York Post, blasting […]
With her stint as the leader of the upper chamber in Florida’s state government dwindling in the sunset, State Senate President Kathleen Passidomo’s (R-FL) legacy affordable housing legislation could be in danger. SB 102 – the “Live Local Act” – Introduced by State Senator Alexis Calatayud (R-FL), allegedly has a glaring loophole that counties and […]
The state of Florida has often claimed political and legislative victories over other major states such as New York and California. However, Floridians are becoming increasingly concerned about affordable housing throughout the state. In a recent public opinion poll by Mason-Dixon Polling & Strategy between December 16 through December 20 of last year on Florida's […]
With the recent adoption of credit score-based mortgage rates by the Federal Housing Finance Agency (FHFA), Republicans continue slamming the new plan. Representative Greg Steube (R-FL) called the system "a major step towards socialism" in a recent Fox News appearance. "Biden’s new mortgage rule is a major step towards socialism. There’s no question - It […]
Florida’s home affordability crisis is real, and it’s especially brutal for South Floridians. In fact, unless you’re earning six figures, you may not be able to afford to rent a home here – much less think about owning. Affordable housing is in crisis. According to a new report from Realtor.com, rent costs in the Miami-Fort […]
With two and a half weeks to go in the 2021 Legislative Session, the Florida Realtors are stepping up their lobbying efforts relating to SB 2512 and the distribution of funds from Documentary stamp taxes collected on all real estate transactions to help with Florida's affordable housing funding. Senate Bill 2512 was passed by the […]
With SB 2512 having passed in the Florida Senate with a newly adopted amendment, and its companion bill HB 5401 going to a third reading in the House chamber, interested parties still have funding concerns over these two measures.
Since the early 1990s, the state of Florida has raised funds for its Affordable Housing Construction Program by gradually increasing the real estate documentary stamp taxes that are paid at closing by buyers on all real estate transactions throughout the state.