HB 675 2025
CODING: Words stricken are deletions; words underlined are additions.
hb675-00
Page 1 of 2
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 grants for low-income senior 2
citizen condominium unit owners; amending s. 420.507, 3
F.S.; requiring the Florida Housing Finance 4
Corporation to establish by rule requirements for a 5
specified grant; providing the maximum amount for such 6
grant; providing definitions; providing an effective 7
date. 8
9
Be It Enacted by the Legislature of the State of Florida: 10
11
Section 1. Subsection (51) is added t o section 420.507, 12
Florida Statutes, to read: 13
420.507 Powers of the corporation. —The corporation shall 14
have all the powers necessary or convenient to carry out and 15
effectuate the purposes and provisions of this part, including 16
the following powers which are in addition to all other powers 17
granted by other provisions of this part: 18
(51)(a) To establish by rule requirements for low -income 19
senior citizens who own a condominium unit that is his or her 20
homestead to apply to the corporation for a one -time grant to 21
assist with the payment of special assessments levied by the 22
condominium association to fund the condominium's reserve 23
accounts in accordance with s. 718.112(2)(f). The maximum grant 24
allowed for each homesteaded condominium unit is $2,500. 25
HB 675 2025
CODING: Words stricken are deletions; words underlined are additions.
hb675-00
Page 2 of 2
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
(b) As used in this subsection, the term: 26
1. "Low income" has the same meaning as in s. 420.602. 27
2. "Senior citizen" has the same meaning as in s. 28
501.2077(1). 29
Section 2. This act shall take effect July 1, 2025. 30