The William E. Sadowski Affordable Housing Act, 92-317 Laws of Florida, was signed
into law on July 7, 1992. The Sadowski Act increases the documentary (doc) stamp tax
on deeds, as of August 1, 1992 to fund affordable housing. Allocations are determined
by population.
The purpose of the Osceola County Local Housing Assistance Program is to make affordable
residential units available to persons for very low income, low income or moderate
income and persons who have special housing needs including but not limited to, homeless
people, migrant farmworkers and persons with developmental disabilities. The county
local housing assistance program shall combine local resources and cost saving measures
into a partnership by using private and public funds in order to reduce the cost of
housing. Implementation of the housing assistance program shall involve to the greatest
extent possible, a partnership of local government, lending institutions, housing
developers, community based housing and service organizations, and providers of professional
services relating to affordable housing. The county local housing assistance program
shall, through an advisory board and administrative coordinator: enlist the support
of local lending institutions for innovative financing techniques designed to meet
the special needs of eligible persons or eligible sponsors; encourage developers to
construct low-cost housing; and otherwise encourage local organizations to construct
or assist in construction of affordable housing using creative and innovative techniques
designed to provide affordable homes to eligible persons. Inclusive in the administrator's
responsibilities will be the securing of professional services to provide training
to prepare persons for the responsibility of home ownership.
