Florida Legislature 2008 Regular Session
summary of the accomplishments (and shortcomings)
(from Florida Housing Coalition)
The Legislature ended its 2008 session on Friday, May 2, with less than
adequate results for affordable housing. In summary
- Fiscal Year 2008-2009 appropriations for housing were $303
million, down $87.8 million (22.5%) from this year's funding level, and
down $130 million (30%) from FY 06-07 funding.
- $250 million was swept from the housing trust funds and
moved to general revenue (not spent on housing). This $250 million was
deposited in the housing trust funds from doc stamp revenues dedicated
to affordable housing, and was available because the legislature had
not appropriated the funds for housing when collected.
- Another $87.6 million will be swept (during FY 08-09) to
general revenue from housing due to the $243 million cap on
distribution of doc stamps to the housing trust funds. $96 million is
being swept due to the cap this year.
- Therefore, the two year sweep of funds that were dedicated
to affordable housing by the Sadowski Act to other items totals $433.6
million ($250 million + $87million+ $96 million= $433.6 million)
- No Substantive housing legislation passed, including the ad
valorem CLT language. This is because all the housing issues
were combined into an omnibus bill (HB 699), which was taken up by the
Senate in SB 482. After the Senate passed SB 482, the House
amended the bill with growth management issues which the Senate failed
to take up with just hours prior to the end of session.
Therefore, identical housing bills failed to pass both houses, causing
the legislation to fail.
- Legislation to repeal the cap was introduced in both the House and Senate, but was not given even one hearing.