South Florida Live Local Summit

Why Attend the South Florida Live Local Summit

Why This Matters: Florida is grappling with one of the most severe housing affordability crises in the nation, particularly in regions like Miami, where 60% of residents are cost-burdened by housing expenses. With rapid population growth and rising demand for both affordable and workforce housing, the Live Local Act marks a pivotal shift in how the state addresses these challenges. The Act’s zoning reforms and tax incentives offer new pathways for development but also present complex legal, financial, and logistical hurdles for developers and local governments. These changes have the potential to redefine Florida’s real estate landscape, influencing everything from urban planning and infrastructure development to economic growth and housing accessibility. As South Florida continues to attract new residents and businesses, understanding how to effectively implement the Act is essential to creating sustainable, resilient communities and ensuring long-term economic stability

What You Will Learn:

• Understanding Key Provisions: How does the Live Local Act require local governments to administratively approve projects and what key provisions of the Act will simplify the approval process for affordable housing developments?
• Impact on Zoning Reforms: How are developers able to exceed local zoning limits, including height restrictions, for affordable housing projects in commercial and mixed-use areas, and what has been the effect of these changes on new proposals across Florida?
• Financial Incentives: What financial opportunities does the Live Local Act provide through $259 million in low-interest loans and over $250 million in grants, and how can developers leverage these funds for affordable housing projects?
• Public-Private Partnerships: How is the Live Local Act encouraging collaboration between developers and local governments, and how can public-private partnerships be used to achieve housing goals, especially through the use of public lands?
• Construction Cost Challenges: With labor and material costs rising by over 15% in 2022, how are developers adapting to manage these costs while maintaining affordability for projects developed under the Live Local Act?
• Balancing Affordable and Luxury Developments: With South Florida experiencing a boom in luxury developments and Miami alone seeing a 30% rise in luxury housing prices, affordable housing projects are competing for land and resources. How does the Live Local Act affect South Florida’s real estate market, particularly regarding the balance between developing affordable housing and ongoing luxury projects?
• Long-Term Impact on Florida’s Housing Market: By incentivizing affordable housing through zoning and tax reforms, the Act aims to address Florida’s growing housing gap, where more than 40% of renters are considered cost-burdened. Projections suggest that by 2030, Florida will need over 825,000 additional affordable rental units to meet demand. What long-term goals does the Live Local Act aim to achieve, and how is it expected to influence Florida’s housing market over the next decade in terms of affordability, sustainability, and urban development?

For questions regarding content, speaking and sponsorship opportunities please email our Senior Event Producer, Virginia Baker, at virginia.baker@bisnow.com. To request disability-related accommodations, please contact ariel.fromm@bisnow.com no later than seven business days prior to the event.

Articles You Should Read

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DeSantis Signs $711M Housing Bill, Rent Control Ban Into Law
Live Local Act Changes 'Favorable To Developers' Approved, But Battles Likely To Rage On
3,233-Unit Project With 6 Towers Marks Miami’s Largest Live Local Proposal To Date
DeSantis Signs Live Local Amendments, Boosting Tax Breaks For Developers
Live Local Act 2 Weeks In: Lots Of Movement, Little Certainty
Lawmakers Mull Major Changes To Landmark Live Local Act 
 

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