Florida’s 2016 Legislative Sessions have ended, and we are happy to report that one of our top initiatives from Great American REALTOR® Days (GARD), the Sadowski Affordable Housing Trust Funds, has received its highest funding level in nearly a decade.
Lawmakers provided $135.5M for rental assistance (State Housing Initiatives Partnership or SHIP), $5M for homelessness challenge grants, and $64.6M for state housing programs, half of which will go to theState Apartment Incentive Loan (SAIL) program. Also, lawmakers appropriated monies from general revenue and other trust funds for several local housing initiatives: $4M for homelessness programs around the state, $16M for the Low-Income Housing Energy Assistance Program, and $1M for a variety of community development projects.