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Florida Homestead Boost Cuts $12 B, Endangers Affordable Housing

6/22/2026

Summary

Story summary

Florida voters will consider a November ballot amendment that raises the homestead exemption to $150,000 in 2027 and $250,000 in 2028.
State economists estimate the measure could cut local government revenue by nearly $5 billion in its first year and $12 billion by year five.
Housing advocates and the Florida Apartment Association warn reduced funding may shrink affordable-housing programs, down-payment assistance, and strain landlords, raising rent burdens for low-income renters.

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Story summary

Florida voters will consider a November ballot amendment that raises the homestead exemption to $150,000 in 2027 and $250,000 in 2028.
State economists estimate the measure could cut local government revenue by nearly $5 billion in its first year and $12 billion by year five.
Housing advocates and the Florida Apartment Association warn reduced funding may shrink affordable-housing programs, down-payment assistance, and strain landlords, raising rent burdens for low-income renters.