Florida 2024 2024 Regular Session

Florida House Bill H1239 Introduced / Bill

Filed 01/04/2024

                       
 
HB 1239  	2024 
 
 
 
CODING: Words stricken are deletions; words underlined are additions. 
hb1239-00 
Page 1 of 18 
F L O R I D A H O U S E O F R E P	R E S E N T A T I V E	S 
 
 
 
A bill to be entitled 1 
An act relating to affordable housing; amending ss. 2 
125.01055 and 166.04151, F.S.; deleting a provision 3 
related to the authorization of multifamily and mixed -4 
use residential development uses in any area zoned for 5 
industrial use; prohibiting counties and 6 
municipalities, respectively, from restricting the 7 
floor area ratio of certain proposed developments 8 
under certain circumstances; providing that the 9 
density or floor area ratio of certain developments, 10 
bonuses, variances, or other special exceptions are 11 
not included in the calculation of the currently 12 
allowed density or floor area ratio by counties and 13 
municipalities, respectively; revising prohibitions 14 
relating to counties' and municipalities' restrictions 15 
of the height of certain proposed developments, 16 
respectively; authorizing counties and municipalities, 17 
respectively, to restrict the height of proposed 18 
developments under certain circumstances; providing 19 
that certain factors may not be taken into account in 20 
the calculation of the currently allowed height; 21 
prohibiting the administrative approval by counties 22 
and municipalities, respectively, of a proposed 23 
development within a specified proximity to a military 24 
installation; making technical changes; revising 25     
 
HB 1239  	2024 
 
 
 
CODING: Words stricken are deletions; words underlined are additions. 
hb1239-00 
Page 2 of 18 
F L O R I D A H O U S E O F R E P	R E S E N T A T I V E	S 
 
 
 
applicability; authorizing specified developments to 26 
be treated as a conforming use; amending s. 196.1978, 27 
F.S.; revising the definition of the term "newly 28 
constructed"; defining the term "substantial 29 
rehabilitation"; revising conditions for when 30 
multifamily projects are considered property used for 31 
a charitable purpose and are eligible to receive an ad 32 
valorem property tax exemption; making technical 33 
changes; requiring property appraisers to make certain 34 
exemptions from ad valorem property taxes; providing 35 
the method for determining the value of a unit for 36 
certain purposes; requiring property appraisers to 37 
review certain applications and make certain 38 
determinations; authorizing property appraisers to 39 
request and review additional information; authorizing 40 
property appraisers to grant exemptions only under 41 
certain conditions; revising requirements for property 42 
owners seeking a certification notice from the Florida 43 
Housing Finance Corporation; providing that a certain 44 
determination by the corporation does not constitute 45 
an exemption; specifying requirements for a market 46 
value analysis; conforming provisions to changes made 47 
by the act; providing for retroactive application; 48 
amending s. 333.03, F.S.; excluding certain proposed 49 
developments from specified airport zoning provisions; 50     
 
HB 1239  	2024 
 
 
 
CODING: Words stricken are deletions; words underlined are additions. 
hb1239-00 
Page 3 of 18 
F L O R I D A H O U S E O F R E P	R E S E N T A T I V E	S 
 
 
 
amending s. 420.5096, F.S.; making technical changes; 51 
providing an appropriation; providing an effective 52 
date. 53 
 54 
Be It Enacted by the Legislature of the State of Florida: 55 
 56 
 Section 1.  Paragraphs (a) through (d), (f), and (h) of 57 
subsection (7) of section 125.01055, Florida Statutes, ar e 58 
amended, and subsection (8) is added to that section, to read: 59 
 125.01055  Affordable housing. — 60 
 (7)(a)  A county must authorize multifamily and mixed -use 61 
residential as allowable uses in any area zoned for commercial , 62 
industrial, or mixed use if at leas t 40 percent of the 63 
residential units in a proposed multifamily rental development 64 
are, for a period of at least 30 years, affordable as defined in 65 
s. 420.0004. Notwithstanding any other law, local ordinance, or 66 
regulation to the contrary, a county may not require a proposed 67 
multifamily development to obtain a zoning or land use change, 68 
special exception, conditional use approval, variance, or 69 
comprehensive plan amendment for the building height, zoning, 70 
and densities authorized under this subsection. For m ixed-use 71 
residential projects, at least 65 percent of the total square 72 
footage must be used for residential purposes. 73 
 (b)  A county may not restrict the density or floor area 74 
ratio of a proposed development authorized under this subsection 75     
 
HB 1239  	2024 
 
 
 
CODING: Words stricken are deletions; words underlined are additions. 
hb1239-00 
Page 4 of 18 
F L O R I D A H O U S E O F R E P	R E S E N T A T I V E	S 
 
 
 
below the highest currently allowed density or floor area ratio 76 
on any unincorporated land in the county where residential 77 
development is allowed under the county's land development 78 
regulations. The currently allowed density or floor area ratio 79 
does not include the densi ty or floor area ratio of any 80 
development that meets the requirements of this subsection or 81 
any bonuses, variances, or other special exceptions for density 82 
or floor area ratio provided in the county's land development 83 
regulations as incentives for developm ent. 84 
 (c)  A county may not restrict the height of a proposed 85 
development authorized under this subsection below the highest 86 
currently allowed height for a commercial or residential 87 
building development located in its jurisdiction within one-88 
quarter 1 mile of the proposed development or 3 stories, 89 
whichever is higher. If the height of each building on property 90 
adjacent to the proposed development is 3 stories or less, the 91 
county may restrict the height of the proposed development to 92 
125 percent of the talle st building on property adjacent to the 93 
proposed development or 3 stories, whichever is higher. The 94 
currently allowed height does not include the height of any 95 
development that meets the requirements of this subsection or 96 
any bonuses, variances, or other s pecial exceptions for height 97 
provided in the county's land development regulations as 98 
incentives for development. 99 
 (d)  A proposed development authorized under this 100     
 
HB 1239  	2024 
 
 
 
CODING: Words stricken are deletions; words underlined are additions. 
hb1239-00 
Page 5 of 18 
F L O R I D A H O U S E O F R E P	R E S E N T A T I V E	S 
 
 
 
subsection must be administratively approved and no further 101 
action by the board of county c ommissioners is required if the 102 
development satisfies the county's land development regulations 103 
for multifamily developments in areas zoned for such use and is 104 
otherwise consistent with the comprehensive plan, with the 105 
exception of provisions establishing allowable densities, 106 
height, and land use. Such land development regulations include, 107 
but are not limited to, regulations relating to setbacks and 108 
parking requirements. A proposed development located within one -109 
quarter mile of a military installation ident ified in s. 110 
163.3175(2) may not be administratively approved. 111 
 (f)  For proposed multifamily developments in an 112 
unincorporated area zoned for commercial or industrial use which 113 
is within the boundaries of a multicounty independent special 114 
district that was created to provide municipal services and is 115 
not authorized to levy ad valorem taxes, and less than 20 116 
percent of the land area within such district is designated for 117 
commercial or industrial use, a county must authorize, as 118 
provided in this subsection, s uch development only if the 119 
development is mixed -use residential. 120 
 (h)  This subsection does not apply to airport-impacted 121 
areas as provided in s. 333.03 property defined as recreational 122 
and commercial working waterfront in s. 342.201(2)(b) in any 123 
area zoned as industrial. 124 
 (8)  Any development authorized under paragraph (7)(a) must 125     
 
HB 1239  	2024 
 
 
 
CODING: Words stricken are deletions; words underlined are additions. 
hb1239-00 
Page 6 of 18 
F L O R I D A H O U S E O F R E P	R E S E N T A T I V E	S 
 
 
 
be treated as a conforming use even after the expiration of 126 
subsection (7) and the development's affordability period as 127 
provided in paragraph (7)(a), notwithstanding the county 's 128 
comprehensive plan, future land use designation, or zoning. If 129 
at any point during the development's affordability period the 130 
development violates the affordability period requirement 131 
provided in paragraph (7)(a), the development must be allowed a 132 
reasonable time to cure such violation. If the violation is not 133 
cured within a reasonable time, the development must be treated 134 
as a nonconforming use. 135 
 Section 2.  Paragraphs (a) through (d), (f), and (h) of 136 
subsection (7) of section 166.04151, Florida Statu tes, are 137 
amended, and subsection (8) is added to that section, to read: 138 
 166.04151  Affordable housing. — 139 
 (7)(a)  A municipality must authorize multifamily and 140 
mixed-use residential as allowable uses in any area zoned for 141 
commercial, industrial, or mixed use if at least 40 percent of 142 
the residential units in a proposed multifamily rental 143 
development are, for a period of at least 30 years, affordable 144 
as defined in s. 420.0004. Notwithstanding any other law, local 145 
ordinance, or regulation to the contrary, a m unicipality may not 146 
require a proposed multifamily development to obtain a zoning or 147 
land use change, special exception, conditional use approval, 148 
variance, or comprehensive plan amendment for the building 149 
height, zoning, and densities authorized under thi s subsection. 150     
 
HB 1239  	2024 
 
 
 
CODING: Words stricken are deletions; words underlined are additions. 
hb1239-00 
Page 7 of 18 
F L O R I D A H O U S E O F R E P	R E S E N T A T I V E	S 
 
 
 
For mixed-use residential projects, at least 65 percent of the 151 
total square footage must be used for residential purposes. 152 
 (b)  A municipality may not restrict the density or floor 153 
area ratio of a proposed development authorized under this 154 
subsection below the highest currently allowed density or floor 155 
area ratio on any land in the municipality where residential 156 
development is allowed under the municipality's land development 157 
regulations. The currently allowed density or floor area ratio 158 
does not include the density or floor area ratio of any 159 
development that meets the requirements of this subsection or 160 
any bonuses, variances, or other special exceptions for density 161 
or floor area ratio provided in the municipality's land 162 
development regulation s as incentives for development . 163 
 (c)  A municipality may not restrict the height of a 164 
proposed development authorized under this subsection below the 165 
highest currently allowed height for a commercial or residential 166 
building development located in its jurisdiction within one-167 
quarter mile 1 mile of the proposed development or 3 stories, 168 
whichever is higher. If the height of each building on property 169 
adjacent to the proposed development is 3 stories or less, the 170 
municipality may restrict t he height to 125 percent of the 171 
tallest building on property adjacent to the proposed 172 
development or 3 stories, whichever is higher. The currently 173 
allowed height does not include the height of any development 174 
that meets the requirements of this subsection or any bonuses, 175     
 
HB 1239  	2024 
 
 
 
CODING: Words stricken are deletions; words underlined are additions. 
hb1239-00 
Page 8 of 18 
F L O R I D A H O U S E O F R E P	R E S E N T A T I V E	S 
 
 
 
variances, or other special exceptions for height provided in 176 
the municipality's land development regulations as incentives 177 
for development. 178 
 (d)  A proposed development authorized under this 179 
subsection must be administratively approved and no further 180 
action by the governing body of the municipality is required if 181 
the development satisfies the municipality's land development 182 
regulations for multifamily developments in areas zoned for such 183 
use and is otherwise consistent with the comprehensiv e plan, 184 
with the exception of provisions establishing allowable 185 
densities, height, and land use. Such land development 186 
regulations include, but are not limited to, regulations 187 
relating to setbacks and parking requirements. A proposed 188 
development located wi thin one-quarter mile of a military 189 
installation identified in s. 163.3175(2) may not be 190 
administratively approved. 191 
 (f)  A municipality that designates less than 20 percent of 192 
the land area within its jurisdiction for commercial or 193 
industrial use must authorize a proposed multifamily development 194 
as provided in this subsection in areas zoned for commercial or 195 
industrial use only if the proposed multifamily development is 196 
mixed-use residential. 197 
 (h)  This subsection does not apply to airport-impacted 198 
areas as provided in s. 333.03 property defined as recreational 199 
and commercial working waterfront in s. 342.201(2)(b) in any 200     
 
HB 1239  	2024 
 
 
 
CODING: Words stricken are deletions; words underlined are additions. 
hb1239-00 
Page 9 of 18 
F L O R I D A H O U S E O F R E P	R E S E N T A T I V E	S 
 
 
 
area zoned as industrial . 201 
 (8)  Any development authorized under paragraph (7)(a) must 202 
be treated as a conforming use even after the expir ation of 203 
subsection (7) and the development's affordability period as 204 
provided in paragraph (7)(a), notwithstanding the municipality's 205 
comprehensive plan, future land use designation, or zoning. If 206 
at any point during the development's affordability period the 207 
development violates the affordability period requirement 208 
provided in paragraph (7)(a), the development must be allowed a 209 
reasonable time to cure such violation. If the violation is not 210 
cured within a reasonable time, the development must be treated 211 
as a nonconforming use. 212 
 Section 3.  Subsection (3) of section 196.1978, Florida 213 
Statutes, is amended to read: 214 
 196.1978  Affordable housing property exemption. — 215 
 (3)(a)  As used in this subsection, the term: 216 
 1.  "Corporation" means the Florida Housing F inance 217 
Corporation. 218 
 2.  "Newly constructed" means an improvement or the 219 
substantial rehabilitation of an existing improvement to real 220 
property which was substantially completed within 5 years before 221 
the date of an applicant's first submission of a request for a 222 
certification notice or an application for an exemption pursuant 223 
to this subsection section, whichever is earlier . 224 
 3.  "Substantially completed" has the same meaning as in s. 225     
 
HB 1239  	2024 
 
 
 
CODING: Words stricken are deletions; words underlined are additions. 
hb1239-00 
Page 10 of 18 
F L O R I D A H O U S E O F R E P	R E S E N T A T I V E	S 
 
 
 
192.042(1). 226 
 4.  "Substantial rehabilitation" means the repair or 227 
restoration of a unit which increases the market value of such 228 
unit by at least 40 percent. 229 
 (b)  Notwithstanding ss. 196.195 and 196.196, portions of 230 
property in a multifamily project are considered property used 231 
for a charitable purpose and are eligible to receive an ad 232 
valorem property tax exemption if such portions meet all of the 233 
following conditions : 234 
 1.  Provide affordable housing to natural persons or 235 
families meeting the income limitations provided in paragraph 236 
(d).; 237 
 2.a. Are within a newly const ructed multifamily project 238 
that contains more than 70 units dedicated to housing natural 239 
persons or families meeting the income limitations provided in 240 
paragraph (d); or 241 
 b.  Are within a newly constructed multifamily project in 242 
an area of critical state c oncern, as designated by s. 380.0552 243 
or chapter 28-36, Florida Administrative Code, which contains 244 
more than 10 units dedicated to housing natural persons or 245 
families meeting the income limitations provided in paragraph 246 
(d). and 247 
 3.  Are rented for an amou nt that does not exceed the 248 
amount as specified by the most recent multifamily rental 249 
programs income and rent limit chart posted by the corporation 250     
 
HB 1239  	2024 
 
 
 
CODING: Words stricken are deletions; words underlined are additions. 
hb1239-00 
Page 11 of 18 
F L O R I D A H O U S E O F R E P	R E S E N T A T I V E	S 
 
 
 
and derived from the Multifamily Tax Subsidy Projects Income 251 
Limits published by the United States Departme nt of Housing and 252 
Urban Development or 90 percent of the fair market value rent as 253 
determined by a rental market study meeting the requirements of 254 
paragraph (l) (m), whichever is less. 255 
 (c)  If a unit that in the previous year received qualified 256 
for the exemption under this subsection and was occupied by a 257 
tenant is vacant on January 1, the vacant unit is eligible for 258 
the exemption if the use of the unit is restricted to providing 259 
affordable housing that would otherwise meet the requirements of 260 
this subsection and a reasonable effort is made to lease the 261 
unit to eligible persons or families. 262 
 (d)1.  The property appraiser shall exempt: 263 
 a.  Seventy-five percent of the assessed value of the units 264 
in multifamily projects that meet the requirements of this 265 
subsection and are Qualified property used to house natural 266 
persons or families whose annual household income is greater 267 
than 80 percent but not more than 120 percent of the median 268 
annual adjusted gross income for households within the 269 
metropolitan statistical area or, if not within a metropolitan 270 
statistical area, within the county in which the person or 271 
family resides; and, must receive an ad valorem property tax 272 
exemption of 75 percent of the assessed value. 273 
 b.2. From ad valorem property taxes the units in 274 
multifamily projects that meet the requirements of this 275     
 
HB 1239  	2024 
 
 
 
CODING: Words stricken are deletions; words underlined are additions. 
hb1239-00 
Page 12 of 18 
F L O R I D A H O U S E O F R E P	R E S E N T A T I V E	S 
 
 
 
subsection and are Qualified property used to house natural 276 
persons or families whose annual household income does not 277 
exceed 80 percent of the median annual adjusted gross income for 278 
households within the metropolitan statistical area or, if not 279 
within a metropolitan statistical area, within the county in 280 
which the person or family resides , is exempt from ad valorem 281 
property taxes. 282 
 2.  When determining the value of a unit for purposes of 283 
applying an exemption pursuant to this paragraph, the property 284 
appraiser must include in such valuation the proportionate share 285 
of the residential common areas, including the land, fairly 286 
attributable to such unit. 287 
 (e)  To be eligible to receive an exemption under t his 288 
subsection, a property owner must submit an application on a 289 
form prescribed by the department by March 1 for the exemption, 290 
accompanied by a certification notice from the corporation to 291 
the property appraiser. The property appraiser shall review the 292 
application and determine whether the applicant meets all of the 293 
requirements of this subsection and is entitled to an exemption. 294 
A property appraiser may request and review additional 295 
information necessary to make such determination. A property 296 
appraiser may grant an exemption only for a property for which 297 
the corporation has issued a certification notice and which the 298 
property appraiser determines is entitled to an exemption. 299 
 (f)  To receive a certification notice, a property owner 300     
 
HB 1239  	2024 
 
 
 
CODING: Words stricken are deletions; words underlined are additions. 
hb1239-00 
Page 13 of 18 
F L O R I D A H O U S E O F R E P	R E S E N T A T I V E	S 
 
 
 
must submit a request t o the corporation for certification on a 301 
form provided by the corporation which includes all of the 302 
following: 303 
 1.  The most recently completed rental market study meeting 304 
the requirements of paragraph (l) (m). 305 
 2.  A list of the units for which the proper ty owner seeks 306 
an exemption. 307 
 3.  The rent amount received by the property owner for each 308 
unit for which the property owner seeks an exemption. If a unit 309 
is vacant and qualifies for an exemption under paragraph (c), 310 
the property owner must provide evidence of the published rent 311 
amount for each vacant unit. 312 
 4.  If the units for which the property owner seeks an 313 
exemption have been substantially rehabilitated but have not 314 
been certified previously by the corporation pursuant to 315 
paragraph (g), a market value analysis meeting the requirements 316 
of paragraph (m) demonstrating that the units meet the 317 
definition of substantial rehabilitation in subparagraph (a)4. 318 
After receiving an initial certification notice for 319 
substantially rehabilitated units, a property owner is not 320 
required to submit a new market value analysis when requesting 321 
certification notices for subsequent years. 322 
 5. A sworn statement, under penalty of perjury, from the 323 
applicant restricting the property for a period of not less than 324 
3 years to housing persons or families who meet the income 325     
 
HB 1239  	2024 
 
 
 
CODING: Words stricken are deletions; words underlined are additions. 
hb1239-00 
Page 14 of 18 
F L O R I D A H O U S E O F R E P	R E S E N T A T I V E	S 
 
 
 
limitations under this subsection. 326 
 (g)  The corporation shall review the request for a 327 
certification notice and certify whether a property that meets 328 
the eligibility criteria of paragraphs (b) and (c) this 329 
subsection. A determination by the corporation regarding a 330 
request for a certification notice does not constitute a grant 331 
of an exemption pursuant to this subsection or final agency 332 
action pursuant to chapter 120. 333 
 1.  If the corporation determines that th e property meets 334 
the eligibility criteria for an exemption under this subsection , 335 
the corporation must send a certification notice to the property 336 
owner and the property appraiser. 337 
 2.  If the corporation determines that the property does 338 
not meet the eligibility criteria, the corporation must notify 339 
the property owner and include the reasons for such 340 
determination. 341 
 (h)  The corporation shall post on its website the deadline 342 
to submit a request for a certification notice. The deadline 343 
must allow adequate t ime for a property owner to submit a timely 344 
application for exemption to the property appraiser. 345 
 (i)  The property appraiser shall review the application 346 
and determine if the applicant is entitled to an exemption. A 347 
property appraiser may grant an exempti on only for a property 348 
for which the corporation has issued a certification notice. 349 
 (j) If the property appraiser determines that for any year 350     
 
HB 1239  	2024 
 
 
 
CODING: Words stricken are deletions; words underlined are additions. 
hb1239-00 
Page 15 of 18 
F L O R I D A H O U S E O F R E P	R E S E N T A T I V E	S 
 
 
 
during the immediately previous 10 years a person who was not 351 
entitled to an exemption under this subsection wa s granted such 352 
an exemption, the property appraiser must serve upon the owner a 353 
notice of intent to record in the public records of the county a 354 
notice of tax lien against any property owned by that person in 355 
the county, and that property must be identifie d in the notice 356 
of tax lien. Any property owned by the taxpayer and situated in 357 
this state is subject to the taxes exempted by the improper 358 
exemption, plus a penalty of 50 percent of the unpaid taxes for 359 
each year and interest at a rate of 15 percent per a nnum. If an 360 
exemption is improperly granted as a result of a clerical 361 
mistake or an omission by the property appraiser, the property 362 
owner improperly receiving the exemption may not be assessed a 363 
penalty or interest. 364 
 (j)(k) Units subject to an agreement with the corporation 365 
pursuant to chapter 420 recorded in the official records of the 366 
county in which the property is located to provide housing to 367 
natural persons or families meeting the extremely -low-income, 368 
very-low-income, or low-income limits specified in s. 420.0004 369 
are not eligible for this exemption. 370 
 (k)(l) Property receiving an exemption pursuant to s. 371 
196.1979 is not eligible for this exemption. 372 
 (l)(m) A rental market study submitted as required by 373 
subparagraph (f)1. paragraph (f) must identify the fair market 374 
value rent of each unit for which a property owner seeks an 375     
 
HB 1239  	2024 
 
 
 
CODING: Words stricken are deletions; words underlined are additions. 
hb1239-00 
Page 16 of 18 
F L O R I D A H O U S E O F R E P	R E S E N T A T I V E	S 
 
 
 
exemption. Only a certified general appraiser as defined in s.  376 
475.611  may issue a rental market study. The certified general 377 
appraiser must be independent of the property owner who requests 378 
the rental market study. In preparing the rental market study, a 379 
certified general appraiser shall comply with the standards of 380 
professional practice pursuant to part II of chapter 475 and use 381 
comparable property within the same geographic area and of the 382 
same type as the property for which the exemption is sought. A 383 
rental market study must have been completed within 3 years 384 
before submission of the application. 385 
 (m)  A market value analysis submitted as requir ed by 386 
subparagraph (f)4. must identify the change in the market value 387 
of the unit attributable to the rehabilitation of the unit, 388 
expressed as a percentage of the market value before the 389 
rehabilitation, for each unit that has undergone rehabilitation. 390 
Only a certified general appraiser as defined in s. 475.611 may 391 
issue a market value analysis. The certified general appraiser 392 
must be independent of the property owner who requests the 393 
market value analysis. In preparing the market value analysis, a 394 
certified general appraiser shall comply with the standards of 395 
professional practice pursuant to part II of chapter 475 and use 396 
comparable property within the same geographic area and of the 397 
same type as the property for which the exemption is sought. 398 
 (n)  The corporation may adopt rules to implement this 399 
section. 400     
 
HB 1239  	2024 
 
 
 
CODING: Words stricken are deletions; words underlined are additions. 
hb1239-00 
Page 17 of 18 
F L O R I D A H O U S E O F R E P	R E S E N T A T I V E	S 
 
 
 
 (o)  This subsection first applies to the 2024 tax roll and 401 
is repealed December 31, 2059. 402 
 Section 4.  The amendments made by this act to s. 196.1978, 403 
Florida Statutes, are intended to be remedial and clarifying in 404 
nature and apply retroactively to January 1, 2024. 405 
 Section 5.  Present subsection (5) of section 333.03, 406 
Florida Statutes, is redesignated as subsection (6), and a new 407 
subsection (5) is added to that section, to read: 408 
 333.03  Requirement to adopt airport zoning regulations. — 409 
 (5)  Sections 125.01055(7) and 166.04151(7) do not apply to 410 
any of the following: 411 
 (a)  A proposed development within 10,000 feet of the 412 
nearest point of any existing airport runway or planned airport 413 
runway identified in the local government's airport master plan. 414 
 (b)  A proposed development within any airport noise zone 415 
identified in the federal land use compatibility table. 416 
 (c)  A proposed development that exceeds maximum height 417 
restrictions identified in the pol itical subdivision's airport 418 
zoning regulation adopted pursuant to this section. 419 
 Section 6.  Subsection (3) of section 420.5096, Florida 420 
Statutes, is amended to read: 421 
 420.5096  Florida Hometown Hero Program. — 422 
 (3)  For loans made available pursuant to s. 423 
420.507(23)(a)1. or 2., the corporation may underwrite and make 424 
those mortgage loans through the program to persons or families 425     
 
HB 1239  	2024 
 
 
 
CODING: Words stricken are deletions; words underlined are additions. 
hb1239-00 
Page 18 of 18 
F L O R I D A H O U S E O F R E P	R E S E N T A T I V E	S 
 
 
 
who have household incomes that do not exceed 150 percent of the 426 
state median income or local median income, whichever is 427 
greater. A borrower must be seeking to purchase a home as a 428 
primary residence; must be a first -time homebuyer and a Florida 429 
resident; and must be employed full -time by a Florida-based 430 
employer. The borrower must provide documentation of full -time 431 
employment, or full-time status for self -employed individuals , 432 
of 35 hours or more per week . The requirement to be a first -time 433 
homebuyer does not apply to a borrower who is an active duty 434 
servicemember of a branch of the armed forces or the Florida 435 
National Guard, as defined in s. 250.01, or a veteran. 436 
 Section 7.  For the 2024-2025 fiscal year, from the funds 437 
received and deposited into the General Revenue Fund from the 438 
state's allocation from the federal Coronavirus State Fiscal 439 
Recovery Fund created under the Ame rican Rescue Plan Act of 440 
2021, Pub. L. No. 117 -2, the sum of $100 million in nonrecurring 441 
funds is appropriated to the State Housing Trust Fund for use by 442 
the Florida Housing Finance Corporation to implement the Florida 443 
Hometown Hero Program established in s. 420.5096, Florida 444 
Statutes. 445 
 Section 8.  This act shall take effect upon becoming a law. 446