No. CS/HB 1497
Filed under Taxes & Budget.
My Safe Florida Condominium Pilot Program; Revises eligibility requirements for My Safe Florida Condominium Pilot Program; requires DFS to adopt rules to verify household income; authorizes condominiums with mixed-income occupancies to participate in pilot program; requires application for mitigation grant to include documentation to verify household income; limits award of grant funds; requires association to complete certain percentage of opening protection improvements.
Plain English Summary
AI-GENERATEDThe geographic limit is removed. The bill deletes the definition of "service area" as the area 15 miles inward of a coastline, allowing any condominium in the state to apply.
Eligibility now requires that at least 80 percent of occupied units are owned or occupied by households at or below 80 percent of the area median income.
The Department of Financial Services must adopt rules to verify household income, including methods like tax returns or self-certification, and may require periodic recertification.
Grant funds are restricted to improvements of common elements. Associations must complete 100 percent of recommended opening protection improvements to common elements as a condition of receiving the grant.
AIRestricts program access to low-income condominiums only, excluding most market-rate buildings.
AIExpands program eligibility statewide by deleting the 15-mile coastal boundary requirement.
AIMakes full completion of recommended window and door protections a condition of receiving grant funds.
AIProhibits the use of grant funds for improvements to individual unit interiors or private property.
AIRequires 75% approval from residents of a specific building before the association can apply for a unit-level grant.