As the Affordable Housing Crisis Grows, Governor DeSantis Recommends $420 Million Be Spent on Widespread Changes

The affordable housing crisis has expanded across the country and hit epidemic proportions as the coronavirus causes widespread financial devastation. The problem has hit close to home for many Florida families. Thousands who were struggling to pay the rent before COVID-19 have relied on emergency housing funds, eviction diversion programs, and eviction moratoriums to keep their families off the street while a global pandemic ranged outside. This horrifying situation has made it clear to leaders that widespread change must occur if Florida families are to stay safe. 

Creative Loafing TampaBay  reports that Governor DeSantis has called for over $420 million to be spent on affordable housing projects in the next fiscal year.  Nearly $287 million would be allotted to the State Housing Initiatives Partnership Program (SHIP), which helps local governments make affordable housing available to their residents.

SHIP funds can be used for new construction, but they can also be used to rehabilitate or make emergency repairs on older properties. The funds can also be used for closing cost and down payment assistance, financial and homeownership counseling, and other services that help residents buy their own homes. The governor’s proposal also calls for $127 million to the State Apartment Incentive Loan (SAIL) program. SAIL provides low-interest loans to developers who create affordable housing projects. This is a critical incentive to create the actual housing that is needed.

These projects can create long-term changes that are desperately needed across Florida. Unfortunately, this is of little help to the many Florida landlords and tenants who are struggling with financial burdens right now. The experienced Casselberry and Oviedo foreclosure and eviction attorneys at Quattrochi, Torres, and Taormina are here to help all Florida residents find real estate solutions in these challenging financial times. Call 407.452.4918 or contact us online today to schedule your free consultation.