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 If the cap is not repealed, the amount of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.