(The Center Square) – A 2023 Florida law designed to generate more affordable housing has produced “real gains but also real friction,” according to a nonprofit taxpayer group.
The Live Local Act was designed to increase the number of affordable housing units through property tax incentives and streamlined approval of construction projects, according to a new report by Florida TaxWatch.
“The law requires that at least 40% of units in eligible projects remain affordable for 30 years, and it allows multifamily development in commercial, industrial, or mixed-use zones without rezoning, subject to administrative review,” the report states.
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So far the law has helped builders construct 3,171 affordable housing units, says the nonprofit taxpayer research institute bills itself an independent, nonpartisan government watchdog.
However, some local governments
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