SWEETWATER, Fla. – As Florida’s condo market faces significant challenges, state leaders are addressing the financial burden placed on condo owners.
In a news conference in Sweetwater on Thursday, Gov. Ron DeSantis discussed condominium relief, stating that state officials have been actively engaging with Florida residents and legislators to find solutions.
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The Senate has put together a proposal to help fix funding issues that have stemmed from new legislation.
“We’ve got a problem with our condo market right now,” said DeSantis. “The intentions of the legislation were good, but we have seen some of these consequences.”
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While the aftermath of the Surfside collapse, which left many families in distress, prompted lawmakers to act, the governor said it resulted high-cost assessments have left many residents, particularly seniors on fixed incomes, struggling to afford their homes.
Many long-time condo owners are now facing assessments of $100,000 or more, which they cannot afford.
“You’re putting people in jeopardy of losing their homes, and that should not be anything that we want to be doing in the state of Florida,” DeSantis emphasized.
Proposed legislation includes reforms to increase accountability for condo association managers, enhance transparency for residents, and allow for more flexible funding options for necessary repairs.
As the legislative session nears its end, state officials are calling for immediate action to prevent further displacement of residents.
“Not everything can be solved through legislation, but I can tell you, if there’s a problem created by legislation, we not only have the ability, we have a duty to rectify that," said DeSantis.
