DeSantis "Live Local" Act
Curious to see how others are tracking this. On the surface seems like a really great deal for "affordable" developers. I work for a market-rate developer and honestly don't know much about the existing tax breaks/incentives for affordable firms. Is this a substantial change? Any other market-rate guys looking at building income-restricted units to get the tax break?
One potential downside I can see here is with the statewide zoning/land use bypass allowing any commercial piece to go MF without a rezone. I feel like this reduces barriers to entry and could cause supply related downward pressure on rents.
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