Florida lawmakers advance questionable real estate bills - Rava Realty

Florida lawmakers advance questionable real estate bills

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Florida lawmakers have passed a number of bills during the session that could have a significant impact on the real estate market.

Senate Bill 102 is among the most consequential, as it allocates over $700 million for affordable and workforce housing and offers tax incentives to developers, as well as giving local agencies the power to oversee inspections of condo and co-op buildings within three miles of the coastline.

Another new law, House Bill 837, is designed to make it harder to sue insurance companies, while a proposed bill that would ban Chinese nationals from purchasing real estate in Florida, unless they are US citizens or existing residents, is attracting criticism from experts who say it will discourage investors from other countries.

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(source: therealdeal.com picture: Denys Kostyuchenko)

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