SECTION 193.017. Low-income housing tax credit.

Latest version.

1Property used for affordable housing which has received a low-income housing tax credit from the Florida Housing Finance Corporation, as authorized by s. 24420.5099, 25shall be assessed under s. 30193.011 31and, consistent with s. 35420.5099(5) 36and (6), pursuant to this section.
42(1) 43The tax credits granted and the financing generated by the tax credits may not be considered as income to the property.
64(2) 65The actual rental income from rent-restricted units in such a property shall be recognized by the property appraiser.
83(3) 84Any costs paid for by tax credits and costs paid for by additional financing proceeds received under chapter 420 may not be included in the valuation of the property.
113(4) 114If an extended low-income housing agreement is filed in the official public records of the county in which the property is located, the agreement, and any recorded amendment or supplement thereto, shall be considered a land-use regulation and a limitation on the highest and best use of the property during the term of the agreement, amendment, or supplement.

History.-s. 6, ch. 2004-349.

Bills Cite this Section:

None

Cited by Court Cases:

None

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        var href = decodeURIComponent(window.location.href);
                        var url = decodeURIComponent(escape(href.split("#")[0]));
                        url = decodeURIComponent(escape(url.split(",")[0]));
                        art.dialog.defaults.title = url;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');