Transforming Florida’s Multifamily and Affordable Housing Landscape

Why This Matters: Florida is grappling with one of the most severe housing affordability crises in the nation, particularly in regions like Miami, where 60% of residents are cost-burdened by housing expenses. With rapid population growth and rising demand for both affordable and workforce housing, the Live Local Act marks a pivotal shift in how the state addresses these challenges. The Act’s zoning reforms and tax incentives offer new pathways for development but also present complex legal, financial, and logistical hurdles for developers and local governments. These changes have the potential to redefine Florida’s real estate landscape, influencing everything from urban planning and infrastructure development to economic growth and housing accessibility. As South Florida continues to attract new residents and businesses, understanding how to effectively implement the Act is essential to creating sustainable, resilient communities and ensuring long-term economic stability