Miami-Dade
Legislative Item File Number: 093084 |
Printable PDF Format Clerk's Official Copy |
File Number: 093084 | File Type: Resolution | Status: Adopted | ||||||||||||
Version: 0 | Reference: R-1438-09 | Control: Board of County Commissioners | ||||||||||||
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Requester: NONE | Cost: | Final Action: 12/15/2009 | ||||||||||||
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Sunset Provision: No | Effective Date: | Expiration Date: |
Registered Lobbyist: | None Listed |
Legislative History |
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Acting Body | Date | Agenda Item | Action | Sent To | Due Date | Returned | Pass/Fail |
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Board of County Commissioners | 12/15/2009 | 11A2 | Adopted | P | |||
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County Attorney | 11/19/2009 | Assigned | Jess M. McCarty | ||||
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Legislative Text |
TITLE RESOLUTION URGING THE FLORIDA LEGISLATURE TO ELIMINATE THE CAP ON STATE AND LOCAL AFFORDABLE HOUSING TRUST FUNDS AND TO INCREASE FUNDING FOR AFFORDABLE HOUSING BODY WHEREAS, the William E. Sadowski Affordable Housing Act of 1992 created a dedicated revenue source through documentary stamp tax revenues to fund state and local affordable housing programs; and WHEREAS, these revenues are deposited into the State Housing Trust Fund and the Local Government Housing Trust Fund (collectively �the State and Local Housing Trust Funds�) for the purpose of funding affordable housing; and WHEREAS, during the 2005 session, the Florida Legislature passed Chapter 2005-92, Laws of Florida (HB 1889), which among other things, capped at $243 million the amount of annual documentary stamp tax revenues cap that could be distributed to the State and Local Housing Trust Funds and diverted remaining revenues to the state general revenue fund starting July 1, 2007; and WHEREAS, because documentary stamp tax revenues are tied to deeds and mortgages, these revenues increased significantly beyond the cap when Florida�s real estate market experienced a high level of growth, but now such revenues have fallen below the cap; and WHEREAS, projected revenues for the State and Local Housing Trust Funds currently fall below the cap for at least the next three fiscal years, and as such removing the cap would have no negative fiscal impact on the state budget in the near term; and WHEREAS, the unmet housing needs of low and moderate income Floridians are substantial and the current downturn in the real estate market presents opportunities for the acquisition, construction and rehabilitation of affordable housing to meet these needs; and WHEREAS, increased funding for affordable housing is critically needed not only to provide additional affordable housing, but also to stimulate our local and state economy; and WHEREAS, affordable housing can be a significant boost to the economy, providing $7.66 million of economic impact for every $1 million of state funding according to some estimates; and WHEREAS, these opportunities are lost without the Legislature increasing funding for affordable housing programs, NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MIAMI-DADE COUNTY, FLORIDA, that this Board: Section 1. Urges the Florida Legislature to eliminate the cap on State and Local Housing Trust Funds and to increase funding for affordable housing. Section 2. Directs the Clerk of the Board to transmit a certified copy of this resolution to the Governor, the Senate President, the House Speaker, and the Chair and Members of the Miami-Dade County State Legislative Delegation. Section 3. Directs the County's state lobbyists to advocate for the passage of the legislation set forth in Section 1 above, and authorizes and directs the Office of Intergovernmental Affairs to include this item in the 2010 State Legislative Package. |
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