Gov. DeSantis calls on Florida lawmakers to bring relief to condo owners

Published: Sep 10, 2024 Duration: 00:01:53 Category: News & Politics
Tags : florida Gov. Ron DeSantis condo costs
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LOOMING CRISIS IN FLORIDA'S CONDO MARKET. AS MANY OF YOU HAVE TOLD US EXPENSIVE INSURANCE AND SURGING H.O.A. FEES ARE MAKING LIFE ON AFFORDABLE TODAY. GOVERNOR RON DESANTIS MET WITH STATE LEADERS TO WEIGH IN. MEGHAN MCROBERTS JOINS US IN STUDIO NOW WITH SOME OF THE SOLUTIONS THAT WERE PROPOSED TO MEGAN. GOVERNOR DESANTIS WAS IN MIAMI TODAY HEARING DIRECTLY FROM FLORIDIANS, ACCORDING TO A REDFIN REPORT RELEASED BACK IN AUGUST. >> H.O.A. FEES ARE SURGING ACROSS THE STATE DUE TO SKYROCKETING INSURANCE COSTS AND NEW SAFETY REQUIREMENTS. IN THE WAKE OF THE SURFSIDE CONDO COLLAPSE. THIS HERE IS A LOOK AT THE AVERAGE INCREASE IN MONTHLY LOOKS LIKE MIAMI HAS THE LOWEST PERCENTAGE INCREASE RIGHT NOW, BUT THEY ACTUALLY HAVE THE HIGHEST AVERAGE. MORE THAN $800 A MONTH IN H.O.A. FEES, CONDO OWNERS AND EVEN REALTORS TOLD THE GOVERNOR TODAY IT IS BECOMING IMPOSSIBLE TO AFFORD THIS, ESPECIALLY FOR SENIORS WHO ARE ON FIXED INCOMES. THE GOVERNOR NOW CALLING ON THE LEGISLATURE TO FIND SOLUTIONS TO EASE THAT PAIN. >> MY CHALLENGE IS THE LEGISLATURE IS, YOU KNOW, PEOPLE LIKE TOM AND KEEP TALKING TO YOUR CONSTITUENTS. LET'S GET THE BEST IDEAS BOTH. BUT WE DO NEED TO DO SOMETHING THIS YEAR. I DON'T THINK THIS IS SOMETHING THAT YOU CAN JUST PUT OFF TO NEXT MARCH OR APRIL. THERE ARE A LOT OF LOOMING DEADLINES. WE HAVE A PLAN FORWARD TO BE ABLE TO KEEP PEOPLE IN THEIR UNITS IF THAT'S WHAT THEY WANT TO DO. >> THAT DEADLINE THE GOVERNOR WAS TALKING ABOUT IS DECEMBER 31ST. IT IS LINKED TO THAT HUGE REFORM BILL THAT INCLUDES EXPENSE OF SAFETY INSPECTIONS AND FULLY FUNDED RESERVES FOR UNEXPECTED REPAIRS. ONE SOLUTION PROPOSED TODAY TO PUSH BACK THAT DEADLINE, GIVING TIME FOR CONDOS TO FULLY FUND THEIR RESERVES. ANOTHER SOLUTION PROPOSED OFFERING 0 INTEREST LOANS TO EITHER CONDO ASSOCIATIONS OR CONDO OWNE

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