HB 1795

1	A bill to be entitled
2	An act relating to affordable housing; providing a popular
3	name; creating s. 193.017, F.S.; providing for a low-
4	income housing tax credit for certain property used for
5	affordable housing; providing criteria, restrictions, and
6	limitations; amending s. 212.08, F.S.; requiring the
7	Office of Tourism, Trade, and Economic Development to
8	reserve portions of certain annual tax credits for
9	eligible sponsors of certain low-income housing projects;
10	providing requirements, criteria, and limitations;
11	extending an expiration date; amending s. 220.03, F.S.;
12	revising a definition to delete a provision authorizing
13	the office to reserve certain portions of available annual
14	tax credits for certain low-income housing purposes;
15	extending an expiration date; amending s. 220.183, F.S.;
16	increasing the amount of available annual community
17	contribution tax credits; revising eligibility criteria;
18	requiring the Office of Tourism, Trade, and Economic
19	Development to reserve portions of certain annual tax
20	credits for eligible sponsors of certain low-income
21	housing projects; providing requirements, criteria, and
22	limitations; extending an expiration date; amending s.
23	253.034, F.S.; including affordable housing under
24	provisions governing permittable uses of certain surplus
25	state-owned lands; amending s. 420.0003, F.S.; providing
26	additional criteria for the affordable housing delivery
27	system under the state housing strategy; amending s.
28	420.507, F.S.; revising powers of the Florida Housing
29	Finance Corporation to provide additional criteria and
30	requirements for certain housing projects; providing
31	additional powers to promote single family homeownership,
32	implement a program to provide financial assistance toward
33	purchasing a home, establish a program of incentives to
34	defer, reduce, or waive impact fees for certain persons
35	for certain purposes, and establish requirements for
36	reporting certain information relating to programs of the
37	corporation; amending s. 420.508, F.S.; providing the
38	corporation with special powers to provide for master
39	lease agreements for farmworker housing developments for
40	certain purposes; amending s. 420.5087, F.S.; increasing a
41	cap for loans per housing community for the elderly;
42	revising a criterion for state apartment incentive loans;
43	amending s. 420.511, F.S.; providing additional
44	requirements for an annual report by the corporation;
45	amending s. 420.5092, F.S.; requiring the corporation to
46	provide an annual assessment report of the Florida
47	Affordable Housing Guarantee Program; amending s. 420.517,
48	F.S.; requiring the corporation to coordinate the
49	provision of affordable housing and support services for
50	low-income residents; providing for state and regional
51	partnerships for such purposes; providing reporting
52	requirements; amending s. 420.9072, F.S.; providing
53	additional legislative intent relating to local government
54	affordable housing advisory committees; amending s.
55	420.9075, F.S.; prohibiting local governments from setting
56	maximum sales prices below certain amounts; providing a
57	limitation; amending s. 420.9076, F.S.; providing for a
58	minimum number of affordable housing advisory committee
59	members; providing a criterion for additional members;
60	requiring counties and municipalities participating in the
61	State Housing Initiative Partnership Program to maintain
62	an operational advisory committee; providing additional
63	recommendation requirements for such advisory committees;
64	amending s. 421.02, F.S.; revising a legislative
65	declaration relating to blighted areas; amending s.
66	421.08, F.S.; authorizing certain housing authorities to
67	create business entities for certain purposes; providing
68	requirements and limitations; authorizing such authorities
69	to provide for per diem, travel, and other expenses;
70	amending s. 421.09, F.S.; providing construction; amending
71	s. 421.23, F.S.; revising a limitation on financial
72	liabilities of such authorities; amending s. 624.5105,
73	F.S.; increasing the amount of available annual community
74	contribution tax credits; revising eligibility criteria;
75	requiring the Office of Tourism, Trade, and Economic
76	Development to reserve portions of certain annual tax
77	credits for eligible sponsors of certain low-income
78	housing projects; providing requirements, criteria, and
79	limitations; extending an expiration date; repealing s.
80	421.54, F.S., relating to housing authorities in Orange
81	County and Seminole County; providing appropriations;
82	providing an effective date.
83
84	Be It Enacted by the Legislature of the State of Florida:
85
86	Section 1.  This act may be referred to by the popular name
87	the "Florida Homeownership Act of 2004."
88	Section 2.  Section 193.017, Florida Statutes, is created
89	to read:
90	193.017  Low-income housing tax credit.--Property used for
91	affordable housing which has received a low-income housing tax
92	credit from the Florida Housing Finance Corporation, as
93	authorized by s. 420.5099, shall be assessed under s. 193.011
94	and consistent with s. 420.5099(5) and (6), pursuant to this
95	section.
96	(1)  The tax credits and the financing generated by the
97	tax credits may not be considered as income to the property.
98	(2)  The actual rental income from rent-restricted units
99	in such a property shall be recognized by the property
100	appraiser.
101	(3)  Any costs paid for by tax credits and costs paid for
102	by additional financing proceeds received under chapter 420 may
103	not be included in the valuation of the property.
104	(4)  If an extended low-income housing agreement is filed
105	in the official public records of the county in which the
106	property is located, the agreement and any recorded amendment
107	or supplement thereto shall be considered a land use regulation
108	and a limitation on the highest and best use of the property
109	during the term of the agreement, amendment, or supplement.
110	Section 3.  Paragraph (q) of subsection (5) of section
111	212.08, Florida Statutes, is amended to read:
112	212.08  Sales, rental, use, consumption, distribution, and
113	storage tax; specified exemptions.--The sale at retail, the
114	rental, the use, the consumption, the distribution, and the
115	storage to be used or consumed in this state of the following
116	are hereby specifically exempt from the tax imposed by this
117	chapter.
118	(5)  EXEMPTIONS; ACCOUNT OF USE.--
119	(q)  Community contribution tax credit for donations.--
120	1.  Authorization.--Beginning July 1, 2001, persons who are
121	registered with the department under s. 212.18 to collect or
122	remit sales or use tax and who make donations to eligible
123	sponsors are eligible for tax credits against their state sales
124	and use tax liabilities as provided in this paragraph:
125	a.  The credit shall be computed as 50 percent of the
126	person's approved annual community contribution;
127	b.  The credit shall be granted as a refund against state
128	sales and use taxes reported on returns and remitted in the 12
129	months preceding the date of application to the department for
130	the credit as required in sub-subparagraph 3.c. If the annual
131	credit is not fully used through such refund because of
132	insufficient tax payments during the applicable 12-month period,
133	the unused amount may be included in an application for a refund
134	made pursuant to sub-subparagraph 3.c. in subsequent years
135	against the total tax payments made for such year. Carryover
136	credits may be applied for a 3-year period without regard to any
137	time limitation that would otherwise apply under s. 215.26;
138	c.  No person shall receive more than $200,000 in annual
139	tax credits for all approved community contributions made in any
140	one year;
141	d.  All proposals for the granting of the tax credit shall
142	require the prior approval of the Office of Tourism, Trade, and
143	Economic Development;
144	e.  The total amount of tax credits which may be granted
145	for all programs approved under this paragraph, s. 220.183, and
146	s. 624.5105 is $20 $10 million annually; and
147	f.  A person who is eligible to receive the credit provided
148	for in this paragraph, s. 220.183, or s. 624.5105 may receive
149	the credit only under the one section of the person's choice.
150	2.  Eligibility requirements.--
151	a.  A community contribution by a person must be in the
152	following form:
153	(I)  Cash or other liquid assets;
154	(II)  Real property;
155	(III)  Goods or inventory; or
156	(IV)  Other physical resources as identified by the Office
157	of Tourism, Trade, and Economic Development.
158	b.  All community contributions must be reserved
159	exclusively for use in a project. As used in this sub-
160	subparagraph, the term "project" means any activity undertaken
161	by an eligible sponsor which is designed to construct, improve,
162	or substantially rehabilitate housing that is affordable to low-
163	income or very-low-income households as defined in s.
164	420.9071(19) and (28); designed to provide commercial,
165	industrial, or public resources and facilities; or designed to
166	improve entrepreneurial and job-development opportunities for
167	low-income persons. A project may be the investment necessary to
168	increase access to high-speed broadband capability in rural
169	communities with enterprise zones, including projects that
170	result in improvements to communications assets that are owned
171	by a business. A project may include the provision of museum
172	educational programs and materials that are directly related to
173	any project approved between January 1, 1996, and December 31,
174	1999, and located in an enterprise zone as referenced in s.
175	290.00675. This paragraph does not preclude projects that
176	propose to construct or rehabilitate housing for low-income or
177	very-low-income households on scattered sites. The Office of
178	Tourism, Trade, and Economic Development may reserve up to 50
179	percent of the available annual tax credits for housing for
180	very-low-income households pursuant to s. 420.9071(28) for the
181	first 6 months of the fiscal year. With respect to housing,
182	contributions may be used to pay the following eligible low-
183	income and very-low-income housing-related activities:
184	(I)  Project development impact and management fees for
185	low-income or very-low-income housing projects;
186	(II)  Down payment and closing costs for eligible persons,
187	as defined in s. 420.9071(19) and (28);
188	(III)  Administrative costs, including housing counseling
189	and marketing fees, not to exceed 10 percent of the community
190	contribution, directly related to low-income or very-low-income
191	projects; and
192	(IV)  Removal of liens recorded against residential
193	property by municipal, county, or special district local
194	governments when satisfaction of the lien is a necessary
195	precedent to the transfer of the property to an eligible person,
196	as defined in s. 420.9071(19) and (28), for the purpose of
197	promoting home ownership. Contributions for lien removal must be
198	received from a nonrelated third party.
199	c.  The project must be undertaken by an "eligible
200	sponsor," which includes:
201	(I)  A community action program;
202	(II)  A nonprofit community-based development organization
203	whose mission is the provision of housing for low-income or
204	very-low-income households or increasing entrepreneurial and
205	job-development opportunities for low-income persons;
206	(III)  A neighborhood housing services corporation;
207	(IV)  A local housing authority created under chapter 421;
208	(V)  A community redevelopment agency created under s.
209	163.356;
210	(VI)  The Florida Industrial Development Corporation;
211	(VII)  A historic preservation district agency or
212	organization;
213	(VIII)  A regional workforce board;
214	(IX)  A direct-support organization as provided in s.
215	1009.983;
216	(X)  An enterprise zone development agency created under s.
217	290.0056;
218	(XI)  A community-based organization incorporated under
219	chapter 617 which is recognized as educational, charitable, or
220	scientific pursuant to s. 501(c)(3) of the Internal Revenue Code
221	and whose bylaws and articles of incorporation include
222	affordable housing, economic development, or community
223	development as the primary mission of the corporation;
224	(XII)  Units of local government;
225	(XIII)  Units of state government; or
226	(XIV)  Any other agency that the Office of Tourism, Trade,
227	and Economic Development designates by rule.
228
229	In no event may a contributing person have a financial interest
230	in the eligible sponsor.
231	d.  The project must be located in an area designated an
232	enterprise zone or a Front Porch Florida Community pursuant to
233	s. 14.2015(9)(b), unless the project increases access to high-
234	speed broadband capability for rural communities with enterprise
235	zones but is physically located outside the designated rural
236	zone boundaries. Any project designed to construct or
237	rehabilitate housing for low-income or very-low-income
238	households as defined in s. 420.0971(19) and (28) is exempt from
239	the area requirement of this sub-subparagraph.
240	e.(I)  The Office of Tourism, Trade, and Economic
241	Development shall reserve 80 percent of the available annual
242	tax credits for donations made to eligible sponsors for
243	projects that provide homeownership opportunities to low-income
244	or very-low-income households pursuant to s. 420.9071(19) and
245	(28) for the first 2 months of the fiscal year. If less than 80
246	percent of the annual tax credits for donations made to
247	eligible sponsors for projects for low-income or very-low-
248	income households are approved within the first 2 months of the
249	fiscal year, the office may approve the balance of approved
250	credits for donations made to eligible sponsors for projects
251	other than those that provide homeownership opportunities for
252	low-income or very-low-income households.
253	(II)  The office shall reserve 20 percent of the available
254	annual tax credits for donations made to eligible sponsors for
255	projects other than those that provide homeownership
256	opportunities for low-income or very-low-income households
257	pursuant to s. 420.9071(19) and (28) for the first 2 months of
258	the fiscal year. If less than 20 percent of the annual tax
259	credits for donations made to eligible sponsors for projects
260	other than those that provide homeownership opportunities for
261	low-income or very-low-income households are approved within
262	the first 2 months of the fiscal year, the office may approve
263	the balance of approved credits for donations made to eligible
264	sponsors for projects that provide homeownership opportunities
265	for low-income or very-low-income households.
266	(III)  If, during the first 10 business days of the state
267	fiscal year, tax credit applications are received for more than
268	80 percent of available annual tax credits from eligible
269	sponsors for projects that provide homeownership opportunities
270	for low-income or very-low-income households, the office shall
271	grant the tax credits for such applications as follows:
272	(A)  If an eligible sponsor submits tax credit
273	applications which in total do not exceed $200,000, the credits
274	shall be granted in full if the tax credit applications are
275	approved and subject to the provisions of sub-sub-subparagraph
276	(I).
277	(B)  If an eligible sponsor submits six or more tax credit
278	applications which, in total, equal or exceed $200,000, the
279	amount of tax credit granted pursuant to sub-sub-sub-
280	subparagraph (A) shall be subtracted from the amount of
281	available tax credits pursuant to sub-sub-subparagraph (I), and
282	the remaining credits shall be granted to each approved tax
283	credit application on a pro rata basis.
284	(C)  If, after the first 2 months of the fiscal year,
285	additional credits become available pursuant to sub-sub-
286	subparagraph (II), the office shall grant the tax credits by
287	first increasing the credit of those who received a pro rata
288	reduction and, if there are remaining credits, granting credits
289	to those who applied on or after the 11th business day of the
290	state fiscal year on a first-come, first-served basis.
291	(IV)  If, during the first 10 business days of the state
292	fiscal year, tax credit applications are received for more than
293	20 percent of available annual tax credits from eligible
294	sponsors for projects other than those that provide
295	homeownership opportunities for low-income or very-low-income
296	households, the office shall grant the tax credits to each
297	approved tax credit application on a pro rata basis. If, after
298	the first 2 months of the fiscal year, additional credits
299	become available pursuant to sub-sub-subparagraph (I), the
300	office shall grant the tax credits by first increasing the
301	credit of those who received a pro rata reduction and, if there
302	are remaining credits, granting credits to those who applied on
303	or after the 11th business day of the state fiscal year on a
304	first-come, first-served basis.
305	3.  Application requirements.--
306	a.  Any eligible sponsor seeking to participate in this
307	program must submit a proposal to the Office of Tourism, Trade,
308	and Economic Development which sets forth the name of the
309	sponsor, a description of the project, and the area in which the
310	project is located, together with such supporting information as
311	is prescribed by rule. The proposal must also contain a
312	resolution from the local governmental unit in which the project
313	is located certifying that the project is consistent with local
314	plans and regulations.
315	b.  Any person seeking to participate in this program must
316	submit an application for tax credit to the Office of Tourism,
317	Trade, and Economic Development which sets forth the name of the
318	sponsor, a description of the project, and the type, value, and
319	purpose of the contribution. The sponsor shall verify the terms
320	of the application and indicate its receipt of the contribution,
321	which verification must be in writing and accompany the
322	application for tax credit. The person must submit a separate
323	tax credit application to the office for each individual
324	contribution that it makes to each individual project.
325	c.  Any person who has received notification from the
326	Office of Tourism, Trade, and Economic Development that a tax
327	credit has been approved must apply to the department to receive
328	the refund. Application must be made on the form prescribed for
329	claiming refunds of sales and use taxes and be accompanied by a
330	copy of the notification. A person may submit only one
331	application for refund to the department within any 12-month
332	period.
333	4.  Administration.--
334	a.  The Office of Tourism, Trade, and Economic Development
335	may adopt rules pursuant to ss. 120.536(1) and 120.54 necessary
336	to administer this paragraph, including rules for the approval
337	or disapproval of proposals by a person.
338	b.  The decision of the Office of Tourism, Trade, and
339	Economic Development must be in writing, and, if approved, the
340	notification shall state the maximum credit allowable to the
341	person. Upon approval, the office shall transmit a copy of the
342	decision to the Department of Revenue.
343	c.  The Office of Tourism, Trade, and Economic Development
344	shall periodically monitor all projects in a manner consistent
345	with available resources to ensure that resources are used in
346	accordance with this paragraph; however, each project must be
347	reviewed at least once every 2 years.
348	d.  The Office of Tourism, Trade, and Economic Development
349	shall, in consultation with the Department of Community Affairs,
350	the Florida Housing Finance Corporation, and the statewide and
351	regional housing and financial intermediaries, market the
352	availability of the community contribution tax credit program to
353	community-based organizations.
354	5.  Expiration.--This paragraph expires June 30, 2015 2005;
355	however, any accrued credit carryover that is unused on that
356	date may be used until the expiration of the 3-year carryover
357	period for such credit.
358	Section 4.  Paragraph (t) of subsection (1) of section
359	220.03, Florida Statutes, is amended to read:
360	220.03  Definitions.--
361	(1)  SPECIFIC TERMS.--When used in this code, and when not
362	otherwise distinctly expressed or manifestly incompatible with
363	the intent thereof, the following terms shall have the following
364	meanings:
365	(t)  "Project" means any activity undertaken by an eligible
366	sponsor, as defined in s. 220.183(2)(c), which is designed to
367	construct, improve, or substantially rehabilitate housing that
368	is affordable to low-income or very-low-income households as
369	defined in s. 420.9071(19) and (28); designed to provide
370	commercial, industrial, or public resources and facilities; or
371	designed to improve entrepreneurial and job-development
372	opportunities for low-income persons. A project may be the
373	investment necessary to increase access to high-speed broadband
374	capability in rural communities with enterprise zones, including
375	projects that result in improvements to communications assets
376	that are owned by a business. A project may include the
377	provision of museum educational programs and materials that are
378	directly related to any project approved between January 1,
379	1996, and December 31, 1999, and located in an enterprise zone
380	as referenced in s. 290.00675. This paragraph does not preclude
381	projects that propose to construct or rehabilitate low-income or
382	very-low-income housing on scattered sites. The Office of
383	Tourism, Trade, and Economic Development may reserve up to 50
384	percent of the available annual tax credits under s. 220.181 for
385	housing for very-low-income households pursuant to s.
386	420.9071(28) for the first 6 months of the fiscal year. With
387	respect to housing, contributions may be used to pay the
388	following eligible project-related activities:
389	1.  Project development, impact, and management fees for
390	low-income or very-low-income housing projects;
391	2.  Down payment and closing costs for eligible persons, as
392	defined in s. 420.9071(19) and (28);
393	3.  Administrative costs, including housing counseling and
394	marketing fees, not to exceed 10 percent of the community
395	contribution, directly related to low-income or very-low-income
396	projects; and
397	4.  Removal of liens recorded against residential property
398	by municipal, county, or special-district local governments when
399	satisfaction of the lien is a necessary precedent to the
400	transfer of the property to an eligible person, as defined in s.
401	420.9071(19) and (28), for the purpose of promoting home
402	ownership. Contributions for lien removal must be received from
403	a nonrelated third party.
404
405	The provisions of this paragraph shall expire and be void on
406	June 30, 2015 2005.
407	Section 5.  Paragraph (c) of subsection (1), paragraph (b)
408	of subsection (2), and subsection (5) of section 220.183,
409	Florida Statutes, are amended to read:
410	220.183  Community contribution tax credit.--
411	(1)  AUTHORIZATION TO GRANT COMMUNITY CONTRIBUTION TAX
412	CREDITS; LIMITATIONS ON INDIVIDUAL CREDITS AND PROGRAM
413	SPENDING.--
414	(c)  The total amount of tax credit which may be granted
415	for all programs approved under this section, s. 212.08(5)(q),
416	and s. 624.5105 is $20 $10 million annually.
417	(2)  ELIGIBILITY REQUIREMENTS.--
418	(b)1.  All community contributions must be reserved
419	exclusively for use in projects as defined in s. 220.03(1)(t).
420	2.  The Office of Tourism, Trade, and Economic Development
421	shall may reserve 80 up to 50 percent of the available annual
422	tax credits for housing for donations made to eligible sponsors
423	for projects that provide homeownership opportunities for low-
424	income or very-low-income households pursuant to s. 420.9071(19)
425	and (28) for the first 2 6 months of the fiscal year. If less
426	than 80 percent of the annual tax credits for donations made to
427	eligible sponsors for projects for low-income or very-low-income
428	households are approved within the first 2 months of the fiscal
429	year, the office may approve the balance of approved credits for
430	donations made to eligible sponsors for projects other than
431	those that provide homeownership opportunities for low-income or
432	very-low-income households.
433	3.  The office shall reserve 20 percent of the available
434	annual tax credits for donations made to eligible sponsors for
435	projects other than those that provide homeownership
436	opportunities for low-income or very-low-income households
437	pursuant to s. 420.9071(19) and (28) for the first 2 months of
438	the fiscal year. If less than 20 percent of the annual tax
439	credits for donations made to eligible sponsors for projects
440	other than those that provide homeownership opportunities for
441	low-income or very-low-income households are approved within
442	the first 2 months of the fiscal year, the office may approve
443	the balance of approved credits for donations made to eligible
444	sponsors for projects that provide homeownership opportunities
445	for low-income or very-low-income households.
446	4.  If, during the first 10 business days of the state
447	fiscal year, tax credit applications are received for more than
448	80 percent of available annual tax credits from eligible
449	sponsors for projects that provide homeownership opportunities
450	for low-income or very-low-income households, the office shall
451	grant the tax credits to such applications as follows:
452	a.  If an eligible sponsor submits tax credit applications
453	which in total do not exceed $200,000, the credits shall be
454	granted in full if the tax credit applications are approved and
455	subject to the provisions of subparagraph 2.
456	b.  If an eligible sponsor submits tax credit applications
457	which in total equal or exceed $200,000, the amount of tax
458	credits granted pursuant to sub-subparagraph a. shall be
459	subtracted from the amount of available tax credits pursuant to
460	subparagraph 2., and the remaining credits shall be granted to
461	each approved tax credit application on a pro rata basis.
462	c.  If, after the first 2 months of the fiscal year,
463	additional credits become available pursuant to subparagraph
464	3., the office shall grant the tax credits by first increasing
465	the credit of those who received a pro rata reduction and, if
466	there are remaining credits, granting credits to those who
467	applied on or after the 11th business day of the state fiscal
468	year on a first-come, first-served basis.
469	5.  If, during the first 10 business days of the state
470	fiscal year, tax credit applications are received for more than
471	20 percent of available annual tax credits from eligible
472	sponsors for projects other than those that provide
473	homeownership opportunities for low-income or very-low-income
474	households, the office shall grant the tax credits to each
475	approved tax credit application on a pro rata basis. If, after
476	the first 2 months of the fiscal year, additional credits
477	become available pursuant to subparagraph 2., the office shall
478	grant the tax credits by first increasing the credit of those
479	who received a pro rata reduction and, if there are remaining
480	credits, granting credits to those who applied on or after the
481	11th business day of the state fiscal year on a first-come,
482	first-served basis.
483	(5)  EXPIRATION.--The provisions of this section, except
484	paragraph (1)(e), shall expire and be void on June 30, 2015
485	2005.
486	Section 6.  Paragraph (f) of subsection (6) of section
487	253.034, Florida Statutes, is amended to read:
488	253.034  State-owned lands; uses.--
489	(6)  The Board of Trustees of the Internal Improvement
490	Trust Fund shall determine which lands, the title to which is
491	vested in the board, may be surplused. For conservation lands,
492	the board shall make a determination that the lands are no
493	longer needed for conservation purposes and may dispose of them
494	by an affirmative vote of at least three members. In the case of
495	a land exchange involving the disposition of conservation lands,
496	the board must determine by an affirmative vote of at least
497	three members that the exchange will result in a net positive
498	conservation benefit. For all other lands, the board shall make
499	a determination that the lands are no longer needed and may
500	dispose of them by an affirmative vote of at least three
501	members.
502	(f)  In reviewing lands owned by the board, the council
503	shall consider whether such lands would be more appropriately
504	owned or managed by the county or other unit of local government
505	in which the land is located. The council shall recommend to the
506	board whether a sale, lease, or other conveyance to a local
507	government would be in the best interests of the state and local
508	government. The provisions of this paragraph in no way limit the
509	provisions of ss. 253.111 and 253.115. Such lands shall be
510	offered to the state, county, or local government for a period
511	of 30 days. Permittable uses for such surplus lands may include
512	public schools; public libraries; fire or law enforcement
513	substations; and governmental, judicial, or recreational
514	centers; and affordable housing. County or local government
515	requests for surplus lands shall be expedited throughout the
516	surplusing process. If the county or local government does not
517	elect to purchase such lands in accordance with s. 253.111, then
518	any surplusing determination involving other governmental
519	agencies shall be made upon the board deciding the best public
520	use of the lands. Surplus properties in which governmental
521	agencies have expressed no interest shall then be available for
522	sale on the private market.
523	Section 7.  Subsection (5) is added to section 420.0003,
524	Florida Statutes, to read:
525	420.0003  State housing strategy.--
526	(5)  HOUSING OPTIONS.--The affordable housing delivery
527	system shall provide for a variety of housing options as
528	appropriate, including, but not limited to, single family and
529	multifamily housing built according to chapter 553, manufactured
530	housing as defined in s. 320.01(2)(b), and housing coordinated
531	with services for special needs populations.
532	Section 8.  Subsection (2) and paragraph (a) of subsection
533	(22) of section 420.507, Florida Statutes, are amended,
534	paragraph (h) is added to subsection (22) of said section, and
535	subsections (42), (43), (44), and (45) are added to said
536	section, to read:
537	420.507  Powers of the corporation.--The corporation shall
538	have all the powers necessary or convenient to carry out and
539	effectuate the purposes and provisions of this part, including
540	the following powers which are in addition to all other powers
541	granted by other provisions of this part:
542	(2)  To undertake and carry out studies and analyses of
543	housing needs within the state and ways of meeting those needs,
544	to determine whether supplies of affordable housing in various
545	markets may exceed future demands, and to develop methods of
546	assessing and assisting in the viability of properties adversely
547	affected by overbuilt markets.
548	(22)  To develop and administer the State Apartment
549	Incentive Loan Program. In developing and administering that
550	program, the corporation may:
551	(a)  Make first, second, and other subordinated mortgage
552	loans including variable or fixed rate loans subject to
553	contingent interest for all State Apartment Incentive Loans
554	provided for in this chapter based upon available cash flow of
555	the projects. The corporation shall make loans exceeding 25
556	percent of project cost available only to nonprofit
557	organizations and public bodies which are able to secure grants,
558	donations of land, or contributions from other sources and to
559	projects meeting the criteria of subparagraph 1. Mortgage loans
560	shall be made available at the following rates of interest:
561	1.  Zero to 3 percent interest for sponsors of projects
562	that set aside at least maintain an 80 percent occupancy of
563	their total units for residents qualifying as farmworkers as
564	defined in s. 420.503(18), or commercial fishing workers as
565	defined in s. 420.503(5), or the homeless as defined in s.
566	420.621(4) over the life of the loan.
567	2.  Zero to 3 percent interest for projects that set aside
568	at least 80 percent of the project's total units for the
569	homeless as defined in s. 420.621(4), provided the board may set
570	the interest rate based on the pro rata share of units set aside
571	for homeless residents if the total of such units is less than
572	80 percent of the units in the borrower's project.
573	3.2.  Three to 9 percent interest for sponsors of projects
574	targeted at populations other than farmworkers, commercial
575	fishing workers, and the homeless.
576	(h)  Establish procedures by rule whereby the corporation
577	may intervene, negotiate terms, or undertake other actions which
578	the corporation deems necessary to avoid default of a program
579	loan. Such procedures must be fiscally responsible and designed
580	to maximize returns to the state.
581	(42)  To promote single family homeownership in this state
582	and develop and implement a marketing plan in cooperation with
583	local governments and state and federal agencies that includes
584	strategies such as advertising, homebuyer fairs, and homebuyer
585	education.
586	(43)  To provide by rule for a program, not to exceed
587	$5,000 per home, to match the amount of rents set aside under
588	resident programs that are managed by affordable housing
589	providers participating in the corporation's rental programs to
590	provide financial assistance toward the purchase of a home.
591	(44)  To establish by rule a program of incentives for
592	local governments which defer, reduce, or waive impact fees for
593	homes constructed for or sold to persons who qualify for
594	financing under an affordable homeownership program provided by
595	the state or a local government. The incentives must not exceed
596	40 percent of any waiver or 20 percent of any deferral and are
597	limited to $4,000 per home.
598	(45)  To establish by rule requirements for periodic
599	reporting of data, including, but not limited to, financial
600	data, housing market data, detailed economic and physical
601	occupancy on multifamily projects, and demographic data on all
602	housing financed through corporation programs.
603	Section 9.  Subsection (8) is added to section 420.508,
604	Florida Statutes, to read:
605	420.508  Special powers; multifamily and single-family
606	projects.--The corporation shall have the special power to:
607	(8)  Provide by rule for master lease agreements for
608	farmworker housing developments when and where appropriate to
609	ensure continuity and stability of housing for farmworker
610	populations.
611	Section 10.  Subsection (3) and paragraph (m) of subsection
612	(6) of section 420.5087, Florida Statutes, are amended to read:
613	420.5087  State Apartment Incentive Loan Program.--There is
614	hereby created the State Apartment Incentive Loan Program for
615	the purpose of providing first, second, or other subordinated
616	mortgage loans or loan guarantees to sponsors, including for-
617	profit, nonprofit, and public entities, to provide housing
618	affordable to very-low-income persons.
619	(3)  During the first 6 months of loan or loan guarantee
620	availability, program funds shall be reserved for use by
621	sponsors who provide the housing set-aside required in
622	subsection (2) for the tenant groups designated in this
623	subsection. The reservation of funds to each of these groups
624	shall be determined using the most recent statewide very-low-
625	income rental housing market study available at the time of
626	publication of each notice of fund availability required by
627	paragraph (6)(b). The reservation of funds within each notice of
628	fund availability to the tenant groups in paragraphs (a), (b),
629	and (d) may not be less than 10 percent of the funds available
630	at that time. Any increase in funding required to reach the 10-
631	percent minimum shall be taken from the tenant group that has
632	the largest reservation. The reservation of funds within each
633	notice of fund availability to the tenant group in paragraph (c)
634	may not be less than 5 percent of the funds available at that
635	time. The tenant groups are:
636	(a)  Commercial fishing workers and farmworkers;
637	(b)  Families;
638	(c)  Persons who are homeless; and
639	(d)  Elderly persons. Ten percent of the amount reserved
640	for the elderly shall be reserved to provide loans to sponsors
641	of housing for the elderly for the purpose of making building
642	preservation, health, or sanitation repairs or improvements
643	which are required by federal, state, or local regulation or
644	code, or lifesafety or security-related repairs or improvements
645	to such housing. Such a loan may not exceed $500,000 $200,000
646	per housing community for the elderly. In order to receive the
647	loan, the sponsor of the housing community must make a
648	commitment to match at least 15 percent of the loan amount to
649	pay the cost of such repair or improvement. The corporation
650	shall establish the rate of interest on the loan, which may not
651	exceed 3 percent, and the term of the loan, which may not exceed
652	15 years. The term of the loan shall be established on the basis
653	of a credit analysis of the applicant. The corporation shall
654	establish, by rule, the procedure and criteria for receiving,
655	evaluating, and competitively ranking all applications for loans
656	under this paragraph. A loan application must include evidence
657	of the first mortgagee's having reviewed and approved the
658	sponsor's intent to apply for a loan. A nonprofit organization
659	or sponsor may not use the proceeds of the loan to pay for
660	administrative costs, routine maintenance, or new construction.
661	(6)  On all state apartment incentive loans, except loans
662	made to housing communities for the elderly to provide for
663	lifesafety, building preservation, health, sanitation, or
664	security-related repairs or improvements, the following
665	provisions shall apply:
666	(m)  Sponsors shall annually certify, according to
667	requirements provided by the corporation by rule, the adjusted
668	gross income of all persons or families qualified under
669	subsection (2) at the time of initial occupancy, who are
670	residing in a project funded by this program. All persons or
671	families qualified under subsection (2) may continue to qualify
672	under subsection (2) in a project funded by this program if the
673	adjusted gross income of those persons or families at the time
674	of annual recertification meets the requirements established in
675	s. 142(d)(3)(B) of the Internal Revenue Code of 1986, as
676	amended. If the annual recertification of persons or families
677	qualifying under subsection (2) results in noncompliance with
678	income occupancy requirements, the next available unit must be
679	rented to a person or family qualifying under subsection (2) in
680	order to ensure continuing compliance of the project.
681	Section 11.  Subsection (3) of section 420.511, Florida
682	Statutes, is amended to read:
683	420.511  Business plan; strategic plan; annual report.--
684	(3)  The corporation shall submit to the Governor and the
685	presiding officers of each house of the Legislature, within 2
686	months after the end of its fiscal year, a complete and detailed
687	report setting forth:
688	(a)  Its operations and accomplishments.;
689	(b)  Changes made to the rules of the corporation pursuant
690	to s. 120.54.
691	(c)(b)  Its receipts and expenditures during its fiscal
692	year in accordance with the categories or classifications
693	established by the corporation for its operating and capital
694	outlay purposes.;
695	(d)(c)  Its assets and liabilities at the end of its fiscal
696	year and the status of reserve, special, or other funds.;
697	(e)(d)  A schedule of its bonds outstanding at the end of
698	its fiscal year, together with a statement of the principal
699	amounts of bonds issued and redeemed during the fiscal year.;
700	and
701	(f)(e)  Information relating to the corporation's
702	activities in implementing the provisions of ss. 420.5087 and
703	420.5088. The report required by this subsection shall include,
704	but not be limited to:
705	1.  The number of people served, delineated by income, age,
706	family size, and racial characteristics.
707	2.  The number of units produced under each program.
708	3.  The average cost of producing units under each program.
709	4.  The average sales price of single-family units financed
710	under s. 420.5088.
711	5.  The average amount of rent charged based on unit size
712	on units financed under s. 420.5087.
713	6.  The number of persons in rural communities served under
714	each program.
715	7.  The number of farmworkers served under each program.
716	8.  The number of homeless persons served under each
717	program.
718	9.  The number of elderly persons served under each
719	program.
720	10.  The extent to which geographic distribution has been
721	achieved in accordance with the provisions of s. 420.5087.
722	11.  The quarterly physical occupancy rate of each
723	multifamily housing project.
724	12.11.  Any other information the corporation deems
725	appropriate.
726	(g)  Information relating to the corporation's Florida
727	Affordable Housing Guarantee Program as created by s. 420.5092.
728	The report required by this subsection shall include, but not be
729	limited to:
730	1.  A status at the end of the most recently completed
731	fiscal year of the total amount of revenue bonds issued by the
732	corporation under s. 420.5092, the principal and interest due on
733	such bonds for the reporting period, the total amount of such
734	bonds redeemed during the reporting period, and the interest
735	earned by the investment of the funds from such revenue bonds
736	during the reporting period.
737	2.  A list of all stabilized properties at the end of the
738	most recently completed fiscal year guaranteed by the Florida
739	Affordable Housing Guarantee Program, which includes the city
740	and county, the total number of units constructed, the quarterly
741	occupancy rates expressed as percentages for the fiscal year,
742	the total principal and interest due for the fiscal year, the
743	principal and interest paid for the fiscal year, and the Florida
744	Affordable Housing Guarantee Program's total outstanding
745	obligation at the end of the fiscal year.
746	Section 12.  Subsection (12) is added to section 420.5092,
747	Florida Statutes, to read:
748	420.5092  Florida Affordable Housing Guarantee Program.--
749	(12)  By October 1 of each year, the corporation shall
750	submit to the Governor, the President of the Senate, the Speaker
751	of the House of Representatives, and the chairs of the
752	respective appropriations committees an assessment of the
753	Florida Affordable Housing Guarantee Program. The assessment
754	shall include an analysis of the likelihood that the guarantee
755	fund will pay claims during the next 2 fiscal years.
756	Section 13.  Section 420.517, Florida Statutes, is amended
757	to read:
758	420.517  Coordination of affordable housing and support
759	services for low-income residents job training coordination.--
760	(1)  The Florida Housing Finance corporation shall
761	undertake efforts to provide incentives to developers to build
762	housing that encourages onsite job skills training to enable
763	low-income residents to obtain and maintain meaningful
764	employment. To the extent possible, the corporation shall direct
765	all recipients of state housing funds, including municipalities,
766	to work in cooperation with local and regional Job Training
767	Partnerships Boards to provide training to residents and others
768	who may be making the transition from welfare to the workforce.
769	The corporation shall provide incentives through housing policy
770	and program guidelines to prioritize those developments that
771	encourage workforce training and skills development.
772	(2)  The corporation shall coordinate with state and
773	regional entities, including, but not limited to, the Agency for
774	Workforce Innovation, the Department of Education, the
775	Department of Elderly Affairs, the Department of Children and
776	Family Services, the Department of Veteran's Affairs, the
777	Department of Corrections, and the Department of Juvenile
778	Justice, to provide affordable housing tenants and providers
779	with information about available supportive services, including
780	education, job training, and health and social services. The
781	corporation shall also coordinate with state agencies to provide
782	prospective tenants with assistance in qualifying for affordable
783	housing.
784	(3)  The corporation shall develop state and regional
785	partnerships to coordinate affordable housing with supportive
786	services, including, but not limited to, education, job
787	training, and health and social services, to assist low-income
788	residents to live in the most independent setting possible.
789	(4)  The corporation shall report on its coordination
790	efforts and accomplishments in the annual report required by s.
791	420.511(3).
792	Section 14.  Paragraph (a) of subsection (1) of section
793	420.9072, Florida Statutes, is amended to read:
794	420.9072  State Housing Initiatives Partnership
795	Program.--The State Housing Initiatives Partnership Program is
796	The State Housing Initiatives Partnership Program is created for
797	the purpose of providing funds to counties and eligible
798	municipalities as an incentive for the creation of local housing
799	partnerships, to expand production of and preserve affordable
800	housing, to further the housing element of the local government
801	comprehensive plan specific to affordable housing, and to
802	increase housing-related employment.
803	(1)(a)  In addition to the legislative findings set forth
804	in s. 420.6015, the Legislature finds that affordable housing is
805	most effectively provided by combining available public and
806	private resources to conserve and improve existing housing and
807	provide new housing for very-low-income households, low-income
808	households, and moderate-income households. The Legislature
809	intends to encourage partnerships in order to secure the
810	benefits of cooperation by the public and private sectors and to
811	reduce the cost of housing for the target group by effectively
812	combining all available resources and cost-saving measures. The
813	Legislature further intends that local governments achieve this
814	combination of resources by encouraging active partnerships
815	between government, lenders, builders and developers, real
816	estate professionals, advocates for low-income persons, and
817	community groups to produce affordable housing and provide
818	related services. Extending the partnership concept to encompass
819	cooperative efforts among small counties as defined in s.
820	120.52(17), and among counties and municipalities is
821	specifically encouraged. Local governments are also intended to
822	establish and retain an affordable housing advisory committee to
823	recommend monetary and nonmonetary incentives for affordable
824	housing as provided in s. 420.9076.
825	Section 15.  Paragraph (c) of subsection (4) of section
826	420.9075, Florida Statutes, is amended to read:
827	420.9075  Local housing assistance plans; partnerships.--
828	(4)  The following criteria apply to awards made to
829	eligible sponsors or eligible persons for the purpose of
830	providing eligible housing:
831	(c)  The sales price or value of new or existing eligible
832	housing may not exceed 90 percent of the average area purchase
833	price in the statistical area in which the eligible housing is
834	located as established by the corporation by rule. Local
835	governments may not set maximum sales prices below the amounts
836	established by the corporation. If Federal Housing
837	Administration limits are lower than those established by the
838	corporation, the Federal Housing Administration limits shall be
839	the maximum Such average area purchase price may be that
840	calculated for any 12-month period beginning not earlier than
841	the fourth calendar year prior to the year in which the award
842	occurs.
843
844	If both an award under the local housing assistance plan and
845	federal low-income housing tax credits are used to assist a
846	project and there is a conflict between the criteria prescribed
847	in this subsection and the requirements of s. 42 of the Internal
848	Revenue Code of 1986, as amended, the county or eligible
849	municipality may resolve the conflict by giving precedence to
850	the requirements of s. 42 of the Internal Revenue Code of 1986,
851	as amended, in lieu of following the criteria prescribed in this
852	subsection with the exception of paragraphs (a) and (d) of this
853	subsection.
854	Section 16.  Subsection (2) of section 420.9076, Florida
855	Statutes, is amended, subsections (3) through (7) of said
856	section are renumbered as subsections (4) through (8),
857	respectively, a new subsection (3) is added to said section, and
858	paragraphs (k) and (l) are added to present subsection (4) of
859	said section, to read:
860	420.9076  Adoption of affordable housing incentive
861	strategies; committees.--
862	(2)  The governing board of a county or municipality shall
863	appoint the members of the affordable housing advisory committee
864	by resolution. Pursuant to the terms of any interlocal
865	agreement, a county and municipality may create and jointly
866	appoint an advisory committee to prepare a joint plan. The
867	ordinance adopted pursuant to s. 420.9072 which creates the
868	advisory committee or the resolution appointing the advisory
869	committee members must provide for a minimum of nine committee
870	members and their terms. The committee must include:
871	(a)  One citizen who is actively engaged in the residential
872	home building industry in connection with affordable housing.
873	(b)  One citizen who is actively engaged in the banking or
874	mortgage banking industry in connection with affordable housing.
875	(c)  One citizen who is a representative of those areas of
876	labor actively engaged in home building in connection with
877	affordable housing.
878	(d)  One citizen who is actively engaged as an advocate for
879	low-income persons in connection with affordable housing.
880	(e)  One citizen who is actively engaged as a for-profit
881	provider of affordable housing.
882	(f)  One citizen who is actively engaged as a not-for-
883	profit provider of affordable housing.
884	(g)  One citizen who is actively engaged as a real estate
885	professional in connection with affordable housing.
886	(h)  One citizen who actively serves on the local planning
887	agency pursuant to s. 163.3174.
888	(i)  One citizen who resides within the jurisdiction of the
889	local governing body making the appointments.
890
891	Any additional committee members must be citizens within the
892	jurisdiction of the local governing body making the
893	appointments.
894	If a county or eligible municipality whether due to its small
895	size, the presence of a conflict of interest by prospective
896	appointees, or other reasonable factor, is unable to appoint a
897	citizen actively engaged in these activities in connection with
898	affordable housing, a citizen engaged in the activity without
899	regard to affordable housing may be appointed.
900	(3)  Each county or eligible municipality participating in
901	the State Housing Initiatives Partnership Program must maintain
902	an operational affordable housing advisory committee.
903	(5)(4)  The advisory committee shall review the established
904	policies and procedures, ordinances, land development
905	regulations, and adopted local government comprehensive plan of
906	the appointing local government and shall recommend specific
907	initiatives to encourage or facilitate affordable housing while
908	protecting the ability of the property to appreciate in value.
909	Such recommendations may include the modification or repeal of
910	existing policies, procedures, ordinances, regulations, or plan
911	provisions; the creation of exceptions applicable to affordable
912	housing; or the adoption of new policies, procedures,
913	regulations, ordinances, or plan provisions. At a minimum, each
914	advisory committee shall make recommendations on affordable
915	housing incentives in the following areas:
916	(k)  The review of the local affordable housing element of
917	the local government comprehensive plan pursuant to chapter 163
918	and the Local Housing Assistance Plan.
919	(l)  Actions as liaison between local governing councils
920	and commissions and the general public.
921
922	The advisory committee recommendations must also include other
923	affordable housing incentives identified by the advisory
924	committee.
925	Section 17.  Subsection (2) of section 421.02, Florida
926	Statutes, is amended to read:
927	421.02  Finding and declaration of necessity.--It is hereby
928	declared that:
929	(2)  Blighted Slum areas in the state cannot be revitalized
930	cleared, nor can the shortage of safe and sanitary dwellings for
931	persons of low income be relieved, through the operation of
932	private enterprise, and that the construction of housing
933	projects for persons of low income, as herein defined, would
934	therefore not be competitive with private enterprise.
935	Section 18.  Subsection (8) of section 421.08, Florida
936	Statutes, is renumbered as subsection (10), and new subsections
937	(8) and (9) are added to said section, to read:
938	421.08  Powers of authority.--An authority shall constitute
939	a public body corporate and politic, exercising the public and
940	essential governmental functions set forth in this chapter, and
941	having all the powers necessary or convenient to carry out and
942	effectuate the purpose and provisions of this chapter, including
943	the following powers in addition to others herein granted:
944	(8)  To create for-profit and non-for-profit corporations,
945	limited liability companies, and such other business entities
946	pursuant to the laws of this state in which housing authorities
947	may hold an ownership interest or participate in their
948	governance to engage in the development, acquisition, leasing,
949	construction, rehabilitation, management, or operation of
950	multifamily and single-family residential projects. These
951	projects may include nonresidential uses and may use public and
952	private funds to serve individuals or families who meet the
953	applicable income requirements of the state or federal program
954	involved, whose income does not exceed 150 percent of the
955	applicable Area Median Income as established by the United
956	States Department of Housing and Urban Development, and who, in
957	the determination of the housing authority, lack sufficient
958	income or assets to enable them to purchase or rent decent,
959	safe, and sanitary dwelling. These corporations, limited
960	liability companies, or other business entities are authorized
961	and empowered to join partnerships, joint ventures, or limited
962	liability companies or to otherwise engage with business
963	entities in the development, acquisition, leasing, construction,
964	rehabilitation, management, or operation of such projects. The
965	creation of such corporations, limited liability companies, or
966	other business entities by housing authorities for the purposes
967	set forth in this chapter together with all proceedings, acts,
968	and things theretofore undertaken, performed, or done are hereby
969	validated, ratified, confirmed, approved, and declared legal in
970	all respects.
971	(9)  Notwithstanding the provisions for per diem and travel
972	expenses of public officers, employees, and authorized persons
973	set forth in s. 112.061, the governing board of an authority may
974	approve and implement policies for per diem, travel, and other
975	expenses of its officials, officers, board members, employees,
976	and authorized persons in a manner consistent with federal
977	guidelines.
978	Section 19.  Section 421.09, Florida Statutes, is amended
979	to read:
980	421.09  Operation not for profit.--It is the policy of this
981	state that each housing authority shall manage and operate its
982	housing projects in an efficient manner so as to enable it to
983	fix the rentals for dwelling accommodations at the lowest
984	possible rates consistent with its providing decent, safe and
985	sanitary dwelling accommodations, and that no housing authority
986	shall construct or operate any such project for profit, or as a
987	source of revenue to the city. To this end an authority shall
988	fix the rentals for dwellings in its project at no higher rate
989	than it shall find to be necessary in order to produce revenues
990	which, together with all other available moneys, revenue, income
991	and receipts of the authority from whatever sources derived,
992	will be sufficient:
993	(1)  To pay, as the same shall become due, the principal
994	and interest on the debentures of the authority;
995	(2)  To meet the cost of, and to provide for, maintaining
996	and operating the projects, including the cost of any insurance,
997	and the administrative expenses of the authority; and
998	(3)  To create, during not less than the 6 years
999	immediately succeeding its issuance of any debentures, a reserve
1000	sufficient to meet the largest principal and interest payments
1001	which will be due on such debentures in any one year thereafter,
1002	and to maintain such reserve.
1003
1004	This section shall in no way prohibit or restrict the activities
1005	or operations of the business entities created pursuant to s.
1006	421.08(8).
1007	Section 20.  Section 421.23, Florida Statutes, is amended
1008	to read:
1009	421.23  Liabilities of authority.--In no event shall the
1010	liabilities, whether ex contractu or ex delicto, of an authority
1011	arising from the operation of its housing projects, be payable
1012	from any funds other than the rents, fees, or revenues of such
1013	projects and any grants or subsidies paid to such authority by
1014	the Federal Government, unless such other funds are lawfully
1015	pledged by the authority's governing board.
1016	Section 21.  Paragraph (c) of subsection (1) and subsection
1017	(6) of section 624.5105, Florida Statutes, are amended, and
1018	paragraph (e) is added to subsection (2) of said section, to
1019	read:
1020	624.5105  Community contribution tax credit; authorization;
1021	limitations; eligibility and application requirements;
1022	administration; definitions; expiration.--
1023	(1)  AUTHORIZATION TO GRANT TAX CREDITS; LIMITATIONS.--
1024	(c)  The total amount of tax credit which may be granted
1025	for all programs approved under this section and ss.
1026	212.08(5)(q) and s. 220.183 is $20 $10 million annually.
1027	(2)  ELIGIBILITY REQUIREMENTS.--
1028	(e)1.  The Office of Tourism, Trade, and Economic
1029	Development shall reserve 80 percent of the available annual
1030	tax credits for donations made to eligible sponsors for
1031	projects that provide homeownership opportunities for low-
1032	income or very-low-income households pursuant to s.
1033	420.9071(19) and (28) for the first 2  months of the fiscal
1034	year. If less than 80 percent of the annual tax credits for
1035	donations made to eligible sponsors for projects that provide
1036	homeownership opportunities for low-income or very-low-income
1037	households are approved within the first 2 months of the fiscal
1038	year, the office may approve the balance of approved credits
1039	for donations made to eligible sponsors for projects other than
1040	those that provide homeownership opportunities for low-income
1041	or very-low-income households.
1042	2.  The office shall reserve 20 percent of the available
1043	annual tax credits for donations made to eligible sponsors for
1044	projects other than those that provide homeownership
1045	opportunities for low-income or very-low-income households
1046	pursuant to s. 420.9071(19) and (28) for the first 2 months of
1047	the fiscal year. If less than 20 percent of the annual tax
1048	credits for donations made to eligible sponsors for projects
1049	other than those that provide homeownership opportunities for
1050	low-income or very-low-income households are approved within
1051	the first 2 months of the fiscal year, the office may approve
1052	the balance of approved credits for donations made to eligible
1053	sponsors for projects that provide homeownership opportunities
1054	for low-income or very-low-income households.
1055	3.  If, during the first 10 business days of the state
1056	fiscal year, tax credit applications are received for more than
1057	80 percent of available annual tax credits from eligible
1058	sponsors for projects that provide homeownership opportunities
1059	for low-income or very-low-income households, the office shall
1060	grant the tax credits to such applications as follows:
1061	a.  If an eligible sponsor submits tax credit applications
1062	which in total equal or exceed $200,000, the credits shall be
1063	granted in full if the tax credit applications are approved and
1064	subject to the provisions of subparagraph 1.
1065	b.  If an eligible sponsor submits 6 or more tax credit
1066	applications, the amount of tax credits granted pursuant to
1067	sub-subparagraph a. shall be subtracted from the amount of
1068	available tax credits pursuant to subparagraph 1., and the
1069	remaining credits shall be granted to each approved tax credit
1070	application on a pro rata basis.
1071	c.  If, after the first 2 months of the fiscal year,
1072	additional credits become available pursuant to subparagraph
1073	2., the office shall grant the tax credits by first increasing
1074	the credit of those who received a pro rata reduction and, if
1075	there are remaining credits, granting credits to those who
1076	applied on or after the 11th business day of the state fiscal
1077	year on a first-come, first-served basis.
1078	4.  If, during the first 10 business days of the state
1079	fiscal year, tax credit applications are received for more than
1080	20 percent of available annual tax credits from eligible
1081	sponsors for projects other than those that provide
1082	homeownership opportunities for low-income or very-low-income
1083	households, the office shall grant the tax credits to each
1084	approved tax credit application on a pro rata basis. If, after
1085	the first 2 months of the fiscal year, additional credits
1086	become available pursuant to subparagraph 1., the office shall
1087	grant the tax credits by first increasing the credit of those
1088	who received a pro rata reduction and, if there are remaining
1089	credits, granting credits to those who applied on or after the
1090	11th business day of the state fiscal year on a first-come,
1091	first-served basis.
1092	(6)  EXPIRATION.--The provisions of this section, except
1093	paragraph (1)(e), shall expire and be void on June 30, 2015
1094	2005.
1095	Section 22.  Section 421.54, Florida Statutes, is repealed.
1096	Section 23.  (1)  The sum of $350,000 is hereby
1097	appropriated from the General Revenue Fund for the purpose of
1098	implementing the provisions established to promote single-family
1099	homeownership pursuant to s. 420.507(42), Florida Statutes.
1100	(2)  The sum of $350,000 is hereby appropriated from the
1101	General Revenue Fund for the purpose of matching rent set-asides
1102	to provide financial assistance toward the purchase of a home
1103	pursuant to s. 420.507(43), Florida Statutes.
1104	(3)  The sum of $5 million is hereby appropriated from the
1105	General Revenue Fund to establish incentives which defer,
1106	reduce, or waive impact fees pursuant to the provisions of s.
1107	420.507(44), Florida Statutes.
1108	(4)  The sum of $10 million is hereby appropriated from the
1109	General Revenue Fund to the large county category, as defined in
1110	the rules of the Florida Housing Finance Corporation and in Rule
1111	67-48 of the Florida Administrative Code, in fiscal year 2004-
1112	2005 for the purpose of assisting the SAIL program.
1113	Section 24.  This act shall take effect upon becoming a
1114	law.

CODING: Words stricken are deletions; words underlined are additions.