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.
The Sadowski Housing Coalition
is a nonpartisan collection of 38 diverse statewide organizations that initially came together in 1991 to obtain a dedicated revenue source for Florida’s affordable housing programs, now known as the Sadowski Act.
The Sadowski Housing Coalition will help create over 36,000 jobs and more than $4.8 billion in positive economic impact in Florida.* Housing dollars can put Florida’s housing industry to work repairing homes and improving the real estate market, and help reduce future state budget deficits.
*Impact Estimate based upon the August 2021 Revenue Estimating Conference and an FHFC estimate of trust fund balances
Current Funding and Estimates of Future Local Impact:
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Over 36,000 jobs will be created if the Housing Trust Fund is used for its purpose — affordable housing.
$4.8 BILLION IMPACT
More than $4.8 billion in positive economic impact if the Housing Trust Fund is fully funded.
Projected funding for the 2022-23 Housing Trust Fund if it is not raided by legislators.
Where Do the Numbers Come From?
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Here’s a few quick facts you need to know.
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