2023 LEGISLATIVE SESSION
$402.685 million is currently available for Fiscal Year 2023-2024 in the Sadowski Housing Trust Funds for Florida’s State Housing Initiatives Partnership (SHIP) and State Apartment Incentive Loan (SAIL) programs. This funding is a permanent source of dedicated, recurring revenue for affordable housing. Governor Ron DeSantis has included this full funding level in his budget recommendations for FY 2023-24.
In addition to this funding, the coalition supports Senate Bill 102 and House Bill 627, the “Live Local Act,” a priority of Florida Senate President Kathleen Passidomo that is sponsored by Senator Alexis Calatayud and Representative Demi Busatta Cabrera respectively. The legislation is designed to increase the availability of attainable and affordable housing options.https://sadowskicoalition.org/
In addition to maintaining the statutory language that prohibits sweeping the Sadowski Housing Trust Funds to general revenue, SB 102 and HB 627 provide $1.5 billion over 10 years for new rental units by transferring up to $150 million a year in documentary stamp tax revenue to the SAIL Program.
The Sadowski Housing Coalition
is a nonpartisan collection of over 40 diverse statewide organizations that initially came together in 1991 to obtain a dedicated revenue source for Florida’s affordable housing programs.
The coalition is collectively focused on the protection and enhancement of the funding from the Sadowski Housing Trust Funds, and the programs that it funds, SHIP and SAIL, which are pivotal to the success of affordable housing in Florida. The coalition believes that this funding is the floor, not the ceiling, for affordable housing. While additional funding for housing programs or projects outside SHIP or SAIL to help alleviate Florida’s deficit of housing is welcome, it needs to come from sources other than the Sadowski Housing Trust Funds.
Current Funding and Estimates of Future Local Impact:
NEW Projected SHIP Estimates for FY 2023-24
UPDATED 2023 Talking Points
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FULL FUNDING RECEIVED FOR FY 2022-23
During the regular Session of 2021, landmark legislation was passed that put an end to the sweeps of the Sadowski Trust Fund. SB 2512 guaranteed that a percentage of doc stamp funds generated from the sale of homes in Florida will be set aside for affordable housing and be a permanent source of dedicated, recurring revenue. This resulted in full funding received for FY 2022-23.
Where Do the Numbers Come From?
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