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Florida Legislature Implements New Reporting Requirements For CRA Financing Program

Effective 2024, the Florida Legislature has introduced new reporting requirements for Community Redevelopment Agencies (CRAs) pertaining to programs that facilitate the financing of qualifying property improvements. These mandates are codified in Section 163.07. Florida Statutes, and specifically apply to programs established under Section 163.081 or Section 163.082. Florida Statutes.

Annual Reporting Obligation

Pursuant to section 163.087 (1), each program administrator authorized to manage a program for financing qualifying improvements to residential or commercial properties under Section 163.081 or Section 163.082 is not required to publish an annual report on its official website. This report must be made publicly available within 45 days following the conclusion of the program’s fiscal year and must encompass comprehensive data from the preceding year for every program authorized under the aforementioned sections. This legislative amendment underscores a commitment to enhanced transparency and accountability in the administration of property improvement. financing programs within Florida’s Community Redevelopment initiatives.

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FY 25-26

FY 24-25