T
he 2025 Florida legislative session has wrapped up with a slew of new laws and funding measures aimed at transforming the state's real estate landscape. The Florida Association of Realtors hailed it as a "major victory" for property owners.
A $50 million allocation for down-payment assistance programs targeting essential workers, such as teachers and first responders, aims to boost homeownership rates among Floridians. This initiative is part of a broader effort to stimulate demand in the market.
The My Safe Florida Home Program has received a $280 million boost, helping property owners fortify their homes against hurricanes and other storms. Commercial property owners have also scored a significant win with the repeal of the Business Rent Tax, which could save Florida businesses over $900 million.
New legislation allows for swifter legal action to remove unlawful occupants from commercial and vacation rentals, providing relief to property owners like Josh Bradley, who has lost money due to squatters in his rental properties. The session also introduced new requirements for flood risk disclosures for long-term renters and increased transparency regarding mobile home park lot conditions.
However, not all lawmakers are satisfied with the outcome, citing persistent challenges such as housing affordability and out-of-control property insurance rates that still need to be addressed.
