Florida Florida Statutes

§ 193.017 — Low-income housing tax credit

FS § 193.017Ch. 193

Statute text

Property used for affordable housing which has received a low-income housing tax credit from the Florida Housing Finance Corporation, as authorized by s. 420.5099, shall be assessed under s. 193.011 and, consistent with s. 420.5099(5) and (6), pursuant to this section.(1) The tax credits granted and the financing generated by the tax credits may not be considered as income to the property.

(2)The actual rental income from rent-restricted units in such a property shall be recognized by the property appraiser.

(3)Any costs paid for by tax credits and costs paid for by additional financing proceeds received under chapter 420 may not be included in the valuation of the property. (4)