Florida Legislature Approves $200MM Toward Affordable Housing

The 2019 Florida Legislative session has officially closed, and the Florida House and Senate have agreed to budget that allocates a total of $200 million toward affordable housing initiatives.

This $200,000,000 approved budget comes as a disappoint to those affordable housing advocates who were pushing Representatives and Senators not to sweep the Sadlowski Affordable Housing Trust Funds as they had done in previous years. In January, Gov. Ron DeSantis had pledged to keep the nearly $350 million of annual revenue to the housing trust funds in the hands of affordable housing programs.

After the budget approval, the following programs were funded in Florida in 2019:

  • $31 million for the State Apartment Incentive Loan (SAIL) program.

  • $46 million for the State Housing Initiatives Partnership (SHIP) program.

  • $65 million for hurricane housing recovery.

  • $50 million for hurricane housing rental recovery.

  • $8 million for a Jacksonville specific workforce program.  

While we certainly understand the need to provide housing to the most urgently needed areas in the state, there is still plenty of opportunity to fund nearly $150 million on an annual basis toward affordable housing initiatives.

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Nico Hohman

Nico Hohman is the broker/owner of Hohman Homes, a residential real estate brokerage based in Tampa, Fla. Nico is also a contributing author to Realtor Magazine and Inman News, the innovative news source for the real estate industry. Nico has contributed his time and talents to better the standards of the real estate industry and the local community by leading and serving on committees at Greater Tampa Realtors, Emerge Tampa Bay, the University of Florida School of Construction Management Alumni Council, Toastmasters International, Nativity Catholic School, and Johns Hopkins All Children's Hospital Guild. Plus, every fall, Coach Hohman is the Head Golf Coach at Jesuit High School of Tampa.

 

Since he began practicing full time in the residential real estate in the fall of 2014, Nico has been involved in the transaction and management of over 100 properties with a total value of nearly $20,000,000.

 

With a degree in Construction Management from the University of Florida and past experience in the home building and remodeling industries, Nico focuses on helping homebuyers find and purchase new construction homes. He also helps home sellers looking to sell their properties that also require significant renovation.