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3.65 Acres - Mixed Use Development
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3 Points of Ingress/ Egress
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100% High & Dry Land
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TOPO Survey Available
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Appraisal Available
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Hot Development Area
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100% Tax Exempt for Developers
"Live Local Act" by Governor DeSantis boosts Florida's affordable housing crisis by:
- Introducing tax exemptions on building materials
- Providing 100% property tax exemptions for land leased by qualified nonprofit entities for affordable housing.
- Allocates up to $150 million / Yr to the State Apartment Incentive Loan Program (SAIL) from documentary stamp taxes for affordable housing projects.
- Incentives for multifamily housing include: using commercially zoned properties for affordable and/or workforce housing
- Empowering local governments to implement land use mechanisms; like, inclusionary zoning ordinances, to increase affordable housing supply.
The Live Local Act Florida is beneficial for:
- Developers: It provides incentives and tax exemptions for affordable housing projects, encouraging developers to invest in such initiatives.
- Nonprofit Organizations: The property tax exemptions for land leased for affordable housing purposes benefit qualifying nonprofit entities
- Local Governments: The Act empowers local governments to implement land use mechanisms to increase affordable housing supply, addressing community needs.
- Individuals and Families: Increased availability of affordable housing options improves housing affordability and accessibility for residents across Florida.