The Live Local Act is a comprehensive, statewide workforce housing strategy, designed to increase the availability of affordable housing opportunities for Florida’s workforce, who desire to live within the communities they serve. This Act, also known as SB 102, provides historic funding for workforce housing. In addition to a multitude of new programs, incentives, and opportunities, this legislation works to refocus Florida’s housing strategy in ways that make housing more attainable. Florida Housing will be implementing and assisting with several programs created by this transformative piece of Legislation. Florida Housing is honored to assist in the development of multifamily residential housing, homeownership, and creating innovative approaches for all markets.
The Live Local Program Tax Credit gives businesses the opportunity to contribute to the Florida Housing Finance Corporation to benefit the State Apartment Incentive Loan (SAIL) Program, which provides low-interest loans for the development of quality affordable housing that can benefit a community's workforce, families and elders with low-to-moderate incomes. This much needed funding boost will allow Florida Housing to provide more opportunities to Floridians to be able to “live local” in the communities they know, love, and work.
With nearly 1,000 people moving to the Great State of Florida every day, the demand for housing is at an all-time high. The Live Local Tax Credit Program is an incredible opportunity to play a vital role in addressing housing needs for Floridians at this critical time while having the added financial benefit of reducing your tax obligation to the state.
For questions or comments regarding the Tax Credit Contribution Program email
[email protected]
Link to RFAs available for this funding:
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