Homeowners will also benefit from a $280 million boost to the My Safe Florida Home Program, which helps property owners fortify their homes against hurricanes and other storms.
“We only have so many buyers in the pool and we have a lot of inventory,” Cleary noted, highlighting the need to stimulate both demand and supply.
Commercial property owners scored a significant policy win with the repeal of the Business Rent Tax, a move Republican lawmakers say could save Florida businesses over $900 million.
“If those tax breaks give relief to corporations to allow them to grow and prosper in Florida, that is good for the employees, the Floridians that work for those companies,” said Rep. Lawrence McClure (R-District 68).
Property owners dealing with squatters, especially in commercial and vacation rentals, can also expect relief. New legislation now allows for swifter legal action to remove unlawful occupants.