THE LIVE LOCAL ACT WAS SIGNED INTO LAW ON MARCH 29, 2023 

HereÕs why this new law is so important for housing in Florida: 
¥ $811 million, the largest investment in housing ever in state history, including: 
      + $252 million to help people buy homes. 
      + $259 million to create new affordable rental units. 
      + $100 million to help Florida workers buy their first home. 
      + Up to $100 million for business tax contributions to rental housing.
 ¥ $1.5 billion over ten years to build new affordable rental units. 
¥ Expands eligibility of Hometown Heroes Housing Program and increases maximum loan amount. 
¥ Uses tax exemptions and credits to incentivize private investment in affordable rental housing. 
¥ Eases local restrictions on where affordable housing can be built.