TALLAHASSEE, Fla. (FNN NEWS) – State Senator Linda Stewart (D-Orlando) last week joined Senator Kathleen Passidomo (R-Naples) by co-introducing Senate Bill 874, which prohibits the use of affordable housing funds, sometimes known as the Sadowski Fund, for anything but affordable housing. The move comes as nearly a third of Florida’s $6 billion in state and local housing trust funds over the past 25 years have been swept into unrelated projects.
“We have been entrusted by the public to deliver the services, housing, and programs needed to respond to our affordable housing crisis,” said Senator Stewart. “Our shortage of affordable housing is a problem that has been prevalent across the state. But as the demand grows with the impact of Hurricane Irma and Maria, we must ensure that our housing trust funds are used solely for its intended purpose.”
Florida has the third largest homeless population in the nation. In the 2018-19 budget year, the affordable housing funds are expected to reach $322 million. If used as intended, it would create 30,000 jobs and about $4 billion in positive economic benefit.
SOURCE | Florida State Senator Linda Stewart’s Office