Florida HB 1493: Housing

Bill Text

HB 1493 2026

CODING: Words stricken are deletions; words underlined are additions.
hb1493-00
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A bill to be entitled 1
An act relating to housing; providing a short title; 2
amending ss. 125.0103 and 166.043, F.S.; removing 3
provisions prohibiting municipalities, counties, or 4
other entities of local government from adopting or 5
maintaining certain laws relating to rent control; 6
creating s. 166.0452, F.S.; providing definitions; 7
authorizing municipalities and counties to create 8
community land bank programs for a certain purpose; 9
requiring certain municipalities and counties to 10
develop and annually adopt a community land bank plan; 11
providing requirements for such plan; requiring a 12
public hearing on the proposed plan before its 13
adoption; requiring notice to certain entities; 14
requiring the proposed plan to be made public within a 15
certain timeframe before the public hearing; providing 16
requirements for the sale of certain property to land 17
banks; providing that such sale is for a public 18
purpose; prohibiting certain persons from challenging 19
the market value of a property under certain 20
circumstances; requiring written notice of a sale of 21
such property to be provided to certain persons in a 22
certain manner within a specified timeframe; 23
authorizing the owner of certain property to contest 24
the sale of such property and requiring such property 25

HB 1493 2026

CODING: Words stricken are deletions; words underlined are additions.
hb1493-00
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S

to be sold in a different manner; specifying that the 26
owner of certain property is not entitled to proceeds 27
from the sale and is not liable for certain 28
deficiencies; authorizing land banks to buy certain 29
property for less than market value under certain 30
circumstances; conveying the right, title, and 31
interest in certain property to land banks; requiring 32
land banks to offer qualified organizations a right of 33
first refusal to purchase certain property; providing 34
requirements for the right of first refusal; providing 35
conditions for the subsequent resale of property 36
acquired by land banks; requiring certain deed 37
restrictions on certain property; providing 38
requirements for such deed restrictions; authorizing 39
the modification of or addition to deed restrictions; 40
requiring land banks to maintain certain records; 41
requiring land banks to file annual audited financial 42
statements within a certain timeframe; requiring land 43
banks to submit an annual performance report to the 44
municipality or county, as applicable, by a certain 45
date; providing requirements for such report; 46
requiring copies of such report to be provided to 47
certain entities and made available for public review; 48
authorizing land banks to acquire real property in 49
specified manners and to hold, manage, and dispose of 50

HB 1493 2026

CODING: Words stricken are deletions; words underlined are additions.
hb1493-00
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such real property in accordance with the community 51
land bank plan; requiring a specified percentage of 52
certain taxes collected to be remitted to a land bank 53
for a specified duration; requiring such funds to be 54
remitted to a land bank in accordance with certain 55
procedures; providing applicability; creating s. 56
215.55866, F.S.; requiring the Department of Financial 57
Services to adopt a home resiliency grading scale for 58
a specified purpose; providing requirements for the 59
grading scale; requiring the department to create a 60
program that uses the grading scale for a specified 61
purpose; providing requirements for the program; 62
requiring the department to adopt rules; creating s. 63
215.55867, F.S.; establishing the Innovative 64
Mitigation Solutions Pilot Program within the 65
Department of Financial Services for a specified 66
purpose; allowing mortgage lenders and property 67
insurers to submit proposals to the department that 68
include certain information; authorizing the 69
department to waive or develop certain rules in order 70
to implement the proposal; requiring the department to 71
adopt rules; creating s. 220.1851, F.S.; providing 72
definitions; authorizing a tax credit for certain 73
projects; providing the maximum value of such credit; 74
authorizing the Florida Housing Finance Corporation to 75

HB 1493 2026

CODING: Words stricken are deletions; words underlined are additions.
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allocate the tax credit among certain projects; 76
authorizing the tax credit to be transferred by the 77
recipient; requiring the Department of Revenue to 78
adopt rules; authorizing a tax credit allocation to be 79
used for certain eligible costs; authorizing a tax 80
credit allocation to be carri