Florida Governor Ron DeSantis recently signed legislation aimed at alleviating the financial burden on residents and condo associations resulting from post-Surfside safety mandates. The newly enacted law, HB 913, amassed unanimous approval in both legislative chambers in April. The legislation was introduced in response to numerous complaints from residents and condo associations regarding the unaffordable assessments and housing instability caused by previous safety mandates.
During a bill-signing ceremony at the Island Way Grill in Clearwater, DeSantis stated that many individuals expressed concerns about the affordability of these assessments and their ability to remain in their units. The previous laws, enacted in 2022 and updated in 2023... mandated "milestone inspections" for aging residential buildings and "structural integrity reserve studies" to determine savings for major repairs.
Initially, certain buildings three stories or taller were required to complete inspections by the end of 2024. The new law provides associations with greater flexibility, including the option to meet reserve obligations through lines of credit or loans, subject to approval by a majority of unit owners. DeSantis signed a separate measure, "HB 393," "aimed at refining the My Safe Florida Condominium Pilot Program.".. which assists in fortifying buildings against hurricane damage.
The legislation (HB 913), which passed unanimously in both chambers of the Legislature in April, was crafted in response to complaints from residents and condo associations that post-Surfside safety mandates had led to unaffordable assessments and housing instability. "There were a lot of folks that had a lot of concerns about how some of these assessments were being done, whether people could even afford to even stay in their units," DeSantis said during a bill-signing event at the Island Way Grill in Clearwater.
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