June 30th, 2017

 

‘Legislators Give Affordable Housing a Boost’

 

By James D. York, P.A.

 

Realtors and potential homeowners alike are rejoicing in recent decisions put in place by Florida legislators during the 60-day sessions that ended in May. New legislation will ensure that over $270 million is used toward affordable housing projects around the state--the highest level of funding in a decade.

 

The affordable housing funds are slated to provide down payment assistance for buyers who meet income criteria, with the money coming partly from state and local government trust funds ($137 million), and partly from the Florida Housing Guarantee Fund ($113 million). An additional $22 million is earmarked for various housing projects to assist homeless individuals, veterans, and persons with disabilities by offering rental assistance and housing rehabilitation services.

 

Maria Wells, Florida Realtors president, told realtors throughout the state after sessions ended, "During committee weeks and session, you made your voices heard in the public policy process, making the difference for Realtors to celebrate a victorious year on our key issues in Tallahassee. Thank you Gov. Scott, members of the Legislature and our incredible Tallahassee staff for listening to our concerns and turning our feedback into action."

 

Just give us a call with your questions and concerns about how this legislation might affect you.

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York Real Estate Group consists of James, Michael, and Morgan York, Florida Realtors with Downing-Frye Realty. James York is the winner of the prestigious 2014 and 2015 SWFL People’s Choice Realtor Award. The group has over 25 years combined experience and over $275 million in sales transactions.  Visit The York Group website at www.naplesyorkrealestate.com for all current MLS listings of houses for sale in Naples, Marco, Bonita, and Estero. If you have other questions, the York’s invite you to email or call them at JYorkinFL@cs.com or 239-273-6727.