The $243 million cap on the Sadowski Affordable Housing Trust Fund has finally been removed after 5 years of intense and passionate lobbying from the Sadowski Housing Coalition and Florida Realtors.  This is a very meaningful triumph considering that the trust fund had been put in danger of being eliminated for several times.

According to John Sebree, “Ensuring that doc stamps will still be directed to affordable housing, their intended purpose, is a huge win for Florida families and for the Florida Realtors organization, which played a big part in the creation of the Sadowski Affordable Trust Fund in 1992.  We owe a tremendous amount of credit to Rep. Gary Aubuchon (R-Cape Coral) and to Sen. Mike Bennett (R-Bradenton) for sponsoring HB 639 and SB 912, and restoring trust in the housing trust funds.”

The Florida Housing Finance Corporation has allocated $64 million this year for local and state housing programs.