Florida Florida Statutes
§ 196.19782 — Exemption for affordable housing on governmental property
FS § 196.19782Ch. 196
Statute text
View on source(1)As used in this section, the term:(a) “Governmental entity” means a state government body or agency, a political subdivision, or the Federal Government.
(b)“Newly constructed” means an improvement to real property which was substantially completed after July 1, 2025, and within 5 years before the date of an applicant's first request for an exemption pursuant to this section.
(c)“Substantially completed” has the same meaning as in s. 192.042(1).
(2)Notwithstanding ss. 196.195 and 196.196, portions of property in a multifamily project are considered property used for a charitable purpose and are eligible to receive an ad valorem property tax exemption if such portions meet all of the following conditions:(a) Provide affordable housing to natural persons or families meeting the extremely-low-income, very-low-income, low-income, or moderate-income limits specified in s. 420.0004.
(b)Are within a newly constructed multifamily project that contains more than 70 units dedicated to housing natural persons or families meeting the extremely-low-income, very-low-income, low-income, or moderate-income limits specified in s. 420.0004.
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Legislative history
s. 20, ch. 2025-208.