Land Use & Zoning
Florida's 'Sadowski Act' (F.S. 420.9071) created a dedicated funding source for affordable housing through:
AFederal grants administered by HUD
BA portion of the documentary stamp tax on real estate transactions deposited into the State and Local Government Housing Trust Funds✓ Correct
CProperty tax surcharges on luxury homes
DLottery proceeds dedicated to housing programs
Explanation
The Sadowski Act (1992) created a dedicated affordable housing funding mechanism in Florida. A portion of the documentary stamp tax collected on real estate transactions flows into the State Housing Trust Fund (for the State Apartment Incentive Loan program) and Local Housing Trust Funds (for the SHIP program).
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