Florida Lawmakers Seek Relief for Condo Owners

Florida lawmakers are proposing several bills aimed at easing financial burdens on condominium owners, particularly in response to increasing fees due to insurance and reserve fund requirements following the Champlain Towers collapse in 2021. Many condo owners, like those at Marbella Condominiums, have seen their monthly dues surge, with some facing assessments as high as $80,000 after hurricane damage. The proposed legislation includes measures such as allowing condo boards to invest reserve funds to earn interest, potentially lessening the financial strain on owners. In Kansas, lawmakers are moving to eliminate a tax credit designed to promote affordable housing construction, despite concerns from advocates about rising homelessness and housing shortages. The Kansas bill, which has passed the House, faces opposition from local governments and may risk future affordable housing projects. This legislative push comes as state officials grapple with balancing fiscal responsibilities against the pressing need for more housing options.