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Proposed amendment seeks guaranteed funding for affordable housing
Jake Stofan, Tallahassee correspondent
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TALLAHASSEE, Fla. – The Florida Legislature this year dedicated $200 million to affordable housing in the state. It’s the highest amount in 12 years but it’s a far cry from the $400 million that it could have been had money not been diverted
Over the past 25 years, lawmakers have swept $2 billion from the affordable housing trust fund for other needs.
“Due to cuts to the affordable housing trust fund Florida faces a shortage of 577,000 affordable housing units,” said state Rep. Anna Eskamani, D-Orlando.
A new citizen initiative seeks to guarantee full funding for affordable housing in the state constitution by requiring that 25% of doc stamp tax revenue be dedicated to affordable housing. But lawmakers have found ways to skirt similar constitutional mandates in the past.