New Era for Sadowski Trust Funds
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, reoccurring revenue. How has this made a difference? Under the new formula enacted in SB 2512 resulted in $209.2 million – the largest amount appropriated since the 2009-2010 fiscal year.
Sadowski Funding: Amount is not a floor or a ceiling
The amount of Sadowski Act funding will go up and down each year depending upon doc stamp projections and will include growth from the doc stamp collections. Current revenue estimate is for 14% increase over next five year
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:
NEW! Projected SHIP Estimates for FY 2022-23
Final Projected SHIP Estimates for FY 2021-22 (Based on SB 2500)
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36,000+ JOBS
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.
$355.6 MILLION
Projected funding for the 2022-23 Housing Trust Fund if it is not raided by legislators.
Where Do the Numbers Come From?
SHORT ON TIME?
Here’s a few quick facts you need to know.
your toolkit
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sadowski funding helps floridians
CHILDREN & FAMILIES
Sadowski funds help parents & kids succeed.
ELDERLY FLORIDIANS
Sadowski funds allow elders to live with independence & dignity.
VETERANS
Sadowski funds serve those who served our country.
PEOPLE WITH SPECIAL NEEDS
Sadowski funds pave the way for independent living.
ending homelessness
Sadowski funds make home a reality.
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