Winter 2007 Journal
This post was written by mchaney on Dec 11, 2007 and was filed under Journals
Winter 2007 Journal
Repeal of the Cap: Legislative Priority Number One for 2007
In 2005, at the request of Governor Bush, the Florida Legislature enacted a cap on the amount of monies to be distributed into the state and local housing trust funds beginning July, 2007. If the cap is not repealed, the amount of monies distributed into the state and local housing trust funds will be $243 million per year—with no meaningful increase over time. Florida’s landmark legislation will cease to function as intended; the need for housing the elderly, the infirm, and the workforce will continue to rise while the funding to meet that need will stagnate.