Florida legislation · 2026 Regular Session
Florida H489: Terminology Associated with Florida Housing Finance Corporation
Status: Failed, March 13, 2026
Revises & provides definitions pertaining to corporation.
What the bill says
An act relating to terminology associated with the Florida Housing Finance Corporation; amending s. 420.503, F.S.; revising and providing definitions pertaining to the corporation; amending s. 420.628, F.S.; conforming a cross-reference; providing an effective date.
From the introduced text, November 19, 2025:
A bill to be entitled An act relating to terminology associated with the Florida Housing Finance Corporation; amending s. 420.503, F.S.; revising and providing definitions pertaining to the corporation; amending s. 420.628, F.S.; conforming a cross-reference; providing an effective date. Be It Enacted by the Legislature of the State of Florida: Section 1. Subsections (13) through (36) and subsections (37) through (45) of section 420.503, Florida Statutes, are renumbered as subsections (14) through (37) and subsections (39) through (47), respectively, subsection (8) and present subsections (16), (17), and (41) are amended, and new subsections (13) and (38) are added to that section, to read: 420.503 Definitions.--As used in this part, the term: (8) "Community housing development organization" means a nonprofit organization that has among its purposes the provision of affordable housing for low-income families and moderateincome families, maintains accountability to low-income community residents, has demonstrated the capacity to carry out affordable housing activities, and has a history of serving the local community. (13) "Demonstrated capacity" means the requisite skill, words underlined are additions. hb489-00 FLORIDAHOUSEOFREPRESENTATIVES HB 489 2026 experience, and credit worthiness of a provider of affordable housing projects to successfully construct or rehabilitate affordable housing. Requisite skill, experience, and credit worthiness includes, but is not limited to, the completion of at least three affordable housing projects in the United …
Sponsors
- Owen, Michael (R, HD-070) · primary sponsor
Latest actions
- : Died in Housing, Agriculture & Tourism Subcommittee
- : 1st Reading (Original Filed Version)
- : Now in Housing, Agriculture & Tourism Subcommittee
- : Referred to Commerce Committee
- : Referred to Housing, Agriculture & Tourism Subcommittee
- : Filed
Common questions
- What is H489?
- H489 is a bill in the Florida Legislature (2026 Regular Session): Terminology Associated with Florida Housing Finance Corporation.
- What does H489 do?
- In its own words: An act relating to terminology associated with the Florida Housing Finance Corporation; amending s. 420.503, F.S.; revising and providing definitions pertaining to the corporation; amending s. 420.628, F.S.; conforming a cross-reference; providing an effective date.
- What is the status of H489?
- Failed as of March 13, 2026. Latest action: Died in Housing, Agriculture & Tourism Subcommittee (March 13, 2026).
- Who sponsored H489?
- Owen, Michael (R, HD-070).
- Where is the official record for H489?
- On the Florida Legislature website: https://www.flsenate.gov/Session/Bill/2026/489
Source: official Florida record. Tracked by Delilah, AI for legislation across all 50 states and Congress.