Dear Friends, Clients & Colleagues,
I trust you are well.
In line with our continuous commitment to providing you with the latest in legislative changes and industry trends, we’d like to highlight the upcoming City of Miami Housing Forum I: New Resources organized by Office of the City Manager Arthur Noriega, City of Miami.
This event brings together key industry experts to share new information on financing affordable and workforce housing in today’s dynamic climate.
Details of the event are as follows:
Event: City of Miami’s Housing Forum I: New Resources
Date: Thursday, June 15
Time: 1 – 4 pm EDT
Location: Miami City Hall, 3500 Pan American Drive, Miami, FL 33133
Registration: Eventbrite Link
For questions about the Forum, Contact Michael Liu, Executive Assistant to the City Manager, via mliu@miamigov.com.
This three-hour session covers four essential topics in housing today:
- The Inflation Reduction Act: Cristina Apostilidis (1:05 PM – 1:45 PM)
- Nuances of Income Averaging for Workforce Housing: S. Shawn Whitney (1:45 PM – 2:25 PM)
- 80% to 85% LTC Debt Product: Michael Zukerman (2:25 PM – 3:05 PM)
- Live Local/SB 102: Anthony De Yurre and Cesar Garcia-Pons (3:05 PM – 4:05 PM)
The “Live Local Act” or Senate Bill 102, signed into law on March 29, 2023 by Governor Ron DeSantis, aims to streamline and incentivize affordable housing developments in Florida. The law supports multifamily and mixed-use residential developments in commercial, industrial, or mixed-use zones, given they meet the affordability requirements. This Act defines affordability in terms of extremely-low, very-low, low, and moderate-income persons based on percentages of median adjusted gross annual income. Importantly, the Act brings changes to density, height, and use regulations.
Given the implications of this law, local governments are reviewing and adjusting their existing regulations and procedures accordingly. This legislation represents a significant development in Florida’s approach to affordable housing and is expected to influence future projects within the state.
We believe this timely and dynamic forum will offer invaluable insights that can bolster your efforts.
As always, thank you for reading our newsletters.
Best regards,
Jorge Luis Lopez, Esq.
Founder & CEO, Jorge Luis Lopez Law Firm