The bill submitted to the lower house of Florida on Wednesday may make it more difficult for a landlord to buy a house in Sunshine.
“If there is a company that buys a single family’s house intended for a house, it will affect the cost away from the supply,” said Barney Jack of R-Seminole, who introduced HB401.
The Tampa Bay Times’ initial analysis found that large businesses, including around 27,000 in the Tampa Bay Area, own more than 117,000 single family homes in Florida.
A growing single family rental industry supporters say that they have more options for those who can’t afford to buy.
However, the Times discovered that these landlords ignored continuous maintenance issues, driven out tenants at higher rates, and accelerated the menization of the black district. The imbalance of ownership between a small number of companies is related to the rise in rent and sales costs by researchers, and experts say that corporate tactics can close individual buyers in the housing market. I did.
Jack confirmed that the Times had heard from the members on the ground and helped stimulate the bill, which is also known as the Enhanced Housing Public Act.
It helps to distinguish between a single family’s house occupied by a conventional owner and a rental house owned by a company. These rentals are classified as “single family hybrid” housing. Local governments will have the authority to prohibit them in specific areas through the Zoning Rules.
There are also some languages to protect Mama and Pop landlords, whose Jack said that it was not the target of this bill. If the owner has three or less properties in the same county, their houses are considered a “single family” instead of “single family hybrid”.
In other states and legislatures, the bill has been introduced with the goal of capturing business ownership in a certain number of households. This could force certain companies to sell their assets.
Jack said that he chose to use the existing land use rules to make a more attractive policy for colleagues who might hesitate to intervene in the free market.
He added that the local government has given the choice of how to proceed, rather than forcing top -down missions.
“This is not managed by Talahasey,” he said.
Would I make the I-4 look like a “Jetson” scene? Florida Transport Secretary says it’s “in reality.”
Madeline Bankson, housing research coordinator for the Private Equity Stakeholders Project, said the use of zoning methods is a creative way to address Florida’s corporate concentration trends.
“This is such a new area, and it’s a relatively fast problem, so we really want to see it,” said Bankson.
But Bankson said it could make the law more “legally vulnerable” to the task. Municipalities also need to establish their own guidelines and how they are implemented.
Ray wedge, a financial professor at the South Florida University University of Muma University, said that the bill would not have much effect on the existing rental of the existing company.
“The new bills they are trying to introduce are land developers, regardless of whether they may be used by land developers mainly for the use of detached houses. It only affects when developing, “said the wedge. “I won’t change anything about the current situation.”
The wedge stated that a complete restriction on the purchase of companies would be more effective.
“If you want to stop it, you need to stop buying a house instead of land use,” she said.
The NATIONAL RENTAL HOME COUNCIL, a trade group that represents a large company that runs a detached house rental, claims that it plays an important role in the increase in housing demand in the expanded population. Masu.
In an interview with last year’s Times, CEO’s David Howard said that he saw the ownership of a small local landlord, shifting the ownership of a single -family landlord, shifted because a large company has moved. Is not difficult to buy a house or hurt the lessee.
“This bill is just an explicit attempt to prevent the lessee from having the right to live in a specific community. I think there is a very problematic problem,” said Howard by e -mail to the Times. I mentioned. “Why does it make sense to reduce the range of housing opportunities that Florida families can use? Housing requires more options.”
Howard said that companies provide rental opportunities in both existing houses and new buildings.
