The Florida Housing Finance Corporation is preparing to begin processing applications for the Missing Middle Tax Exemption for the 2025 tax year. Some of the deadlines for processing exemption applications have changed. This...more
The Florida Housing Finance Corporation has recently updated its guidance surrounding the Multifamily Middle Market Certification and its application process, as established by the Live Local Act. This initiative is...more
Credit goes to the City of Miami staff for becoming among, if not the first Florida municipality, to publish their updated interpretation and guidelines for Live Local Act 2024 (SB328). With the new clarifications generally,...more
6/6/2024
/ Affordable Housing ,
Community Development ,
Employee Housing ,
Florida ,
Housing Developers ,
Housing Market ,
Miami ,
New Legislation ,
Policies and Procedures ,
Real Estate Development ,
Urban Planning & Development
Florida Governor DeSantis just signed into law Senate Bill 328 (“SB328”), the enhancement to last year’s Live Local Act (“LLA” or “SB102”). The amendments made to the Live Local Act by SB328 are significant in both benefits...more
The Florida Housing Finance Corporation (“FHFC”) recently published their 2024 Income Limits and Rent Limits. These figures show up to a 10% increase in rent limits applicable to qualified Live Local Act projects throughout...more
On February 28, 2024, the Florida House of Representatives passed Senate Bill 328 (“SB 328”), previously unanimously approved by the Florida Senate by a vote of 112 to 1. SB 328, regarded as the Live Local Act 2024 (“LLA...more
2/29/2024
/ Affordable Housing ,
Critical Infrastructure Sectors ,
Florida ,
Housing Market ,
Low Income Housing ,
Low-Income Issues ,
Pending Legislation ,
Real Estate Development ,
Real Estate Market ,
Regulatory Agenda ,
State and Local Government ,
Urban Planning & Development
As expected, within days of the opening day of the 2024 Legislative Session came two proposed “clarification glitch” bills containing several proposed amendments to the Live Local Act. Senate Bill 328, sponsored by Senator...more
2/2/2024
/ Affordable Housing ,
Construction Project ,
Critical Infrastructure Sectors ,
Florida ,
Housing Market ,
Low Income Housing ,
Low-Income Issues ,
Preemption ,
Property Tax ,
Proposed Legislation ,
Real Estate Development ,
Regulatory Agenda ,
Urban Planning & Development
As commercial real estate markets across the U.S. cope with rising costs and slowing demand, Florida has been a rare bright spot. The Sunshine State has welcomed a record number of people and businesses in recent years, and...more
12/6/2023
/ Commercial Real Estate Contracts ,
Community Development ,
Condominiums ,
Construction Project ,
Florida ,
Infrastructure ,
Lenders ,
Neighborhood Revitalization ,
Real Estate Development ,
Redevelopment ,
State and Local Government ,
Urban Planning & Development
The Live Local Act provides a property tax exemption of up to 100% of the assessed value of a qualifying project’s units. In order to qualify, a project must contain at least 71 housing units, and must serve housing occupants...more
Rising home prices and sustained population growth has resulted in an affordability crunch affecting many of Florida’s top housing markets. In fact, six of the nation’s hottest rental markets are in the Sunshine State....more
Over the past several years, the Florida legislature has increased and expanded the tax exemptions for affordable housing projects in order to incentivize the development of additional affordable housing projects. In Senate...more
4/12/2023
/ Ad Valorem Tax ,
Affordable Housing ,
Construction Project ,
Florida ,
High Growth Segment ,
Housing Market ,
Infrastructure ,
Real Estate Development ,
Real Estate Market ,
Tax Exemptions ,
Urban Planning & Development
A lack of developable land in Florida, coupled with a rise in demand for commercial and residential real estate, is leading savvy investors to redevelop aging condominiums.
Originally Published in The Real Deal....more
Florida developers, contractors, and design professionals must be mindful of the fast-approaching deadline to comply with SEER2. If you are in possession of air-conditioning units that do not comply with the heightened...more
At this week’s City of Miami Commission meeting, the City of Miami adopted a series of important amendments to the Miami 21 Zoning Code. These amendments specifically impact the Wynwood Neighborhood Revitalization District...more
Last year, the Miami City Commission approved a major zoning overhaul for the portion of Wynwood lying north of NW 29th Street — dubbed Wynwood Norte. We previously published an article highlighting some of the new...more
Estimates suggest that 1,000 people are moving to Florida each day, with most of them heading to South Florida. For developers and investors lured by the meteoric growth and favorable business conditions, it’s crucial to...more
2/7/2022
/ Construction Disputes ,
Construction Industry ,
Construction Project ,
Environmental Policies ,
Financing ,
Florida ,
Foreign Investment ,
Infrastructure ,
Investment Opportunities ,
Joint Venture ,
Miami ,
Project Finance ,
Public Private Partnerships (P3s) ,
Real Estate Development ,
Urban Planning & Development
Earlier this year, the Miami City Commission approved a major zoning overhaul for the portion of Wynwood lying north of NW 29th Street—the newly dubbed Wynwood Norte. Given its proximity to the Wynwood Arts District and...more
12/16/2021
/ Affordable Housing ,
Construction Project ,
Florida ,
Infrastructure ,
Miami ,
Neighborhood Revitalization ,
Real Estate Development ,
Redevelopment ,
Rental Property ,
Retail Market ,
Urban Planning & Development
With the advent of short-term rental solutions such as Sonder, Domio, Guild, and others, the private sector was significantly ahead of the curve in expanding upon housing typology. Their ultimate success was, however, limited...more
12/7/2021
/ Building Codes ,
Florida ,
Hospitality Industry ,
Hotels ,
Housing Developers ,
Land Use Restrictions ,
Local Ordinance ,
Miami ,
Multi-Family Development ,
Real Estate Development ,
Regulatory Standards ,
Rental Property ,
Short-Term Lease ,
Urban Planning & Development ,
Vacation Rentals
Under Miami 21, the City’s zoning code, analysis of a property is more involved than just maximum density and square footage. It is important to know the fine points of potential incentives and benefits available to maximize...more
11/29/2021
/ Affordable Housing ,
Brownfield Properties ,
Community Development ,
Construction Project ,
Florida ,
Incentives ,
Infrastructure ,
LEED Certified ,
Miami ,
Public Benefits ,
Real Estate Development ,
Redevelopment ,
State and Local Government ,
Urban Planning & Development ,
Zoning Laws
With Florida’s pro-business climate and warm weather, the state has always been a target for corporate headquarter relocation and business expansion. Couple that with the elimination of the SALT deduction and a focus on...more
Observers of the South Florida real estate industry don’t go very long without seeing headlines about Miami’s hot commercial real estate market. COVID-19 perhaps has only added to the growth of the market. But even in South...more
In its last session, the Florida Legislature passed a law that changes the appellate jurisdiction of Florida’s circuit courts and District Courts of Appeal for certain types of cases. Codified here, the new rule went into...more
Miami is on the rise- again. A city well-known for its resiliency, Miami has been bouncing back from the economic fallout of the coronavirus pandemic with a vigor that is the envy of other major American metropolitan areas....more
12/29/2020
/ Business Plans ,
C-Suite Executives ,
Construction Project ,
Coronavirus/COVID-19 ,
Florida ,
Infectious Diseases ,
Infrastructure ,
Miami ,
Public Projects ,
Real Estate Development ,
State and Local Government ,
Urban Planning & Development
In recent years, online platforms like Airbnb and HomeAway have made it easier for property owners to enter into the short-term rental market, which allows property owners to generate supplemental income and defray the cost...more
12/9/2019
/ AirBnB ,
Appeals ,
Article III ,
Constitutional Challenges ,
Declaratory Relief ,
Equal Protection ,
Florida ,
Homeowners ,
Local Ordinance ,
Miami ,
Online Travel Vendors ,
Permanent Bans ,
Rental Property ,
Sharing Economy ,
Short-Term Lease ,
Standing ,
State and Local Government ,
State Constitutions ,
Statutory Interpretation ,
Travelers ,
Vacation Rentals
The clear evolution of infill real estate redevelopment in South Florida and Greater Miami is towards a true mixed-use environment that makes areas desirable places to work, live, and play. Coral Gables, with its vibrant...more