Introduction to the Live Local Act
The "Live Local Act" has emerged as the top request from our network. This legislation presents a prime opportunity to construct affordable housing by navigating local zoning regulations, provided that at least 40% of the units remain affordable for a minimum span of 30 years.
Leveraging Zoning for Maximum Density
From my limited understanding, if a property is earmarked as mixed-use, residential, commercial, or industrial, it's eligible to adopt the highest density permission within a one-mile radius. This tremendous potential prompts us to develop comprehensive strategies to pinpoint the most advantageous deals.
Strategic Approach to Optimize Acquisitions
Take, for instance, a strategy where we identify the peak density allowance, map out a one-mile circumference, and then locate the mixed-use zoning with the lowest density. This approach aims to achieve the most cost-effective acquisition for the highest permissible density.
Zoning Diversity and Strategy Adaptation in Florida
Florida's cities are diverse in their zoning logic. Not every city employs consistent density metrics, and some lack them altogether. Stay tuned as my posts dive into strategies for optimizing Live Local Act.