ORLANDO, Fla. — The City of Orlando could become the latest government to opt out of a part of Florida’s affordable housing law.
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It’s part of the Live Local Act, which gives tax breaks to apartment complexes for units rented to middle-income tenants.
That’s a person making between $54,000 and $81,000 a year.
City staff said six properties have been given exemptions through 2059.
That will prevent any others and any more loss in tax revenue.
Read: 5-1 vote: Disney’s proposed affordable housing project moving forward
Right now, most of Central Florida is classified as having enough of these units but a severe shortfall of low-income housing.
Tax exemptions will still be offered for those.
Read: Affordable housing available to those with behavioral health diagnoses in Osceola County
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