In Florida, condominium owners are facing a crisis due to Senate Bill 4D, enacted post-Surfside collapse to enhance building safety. The law imposes substantial financial burdens on condo owners, risking foreclosures for those, particularly retirees, who cannot afford increased fees. Lawmakers and homeowners are at an impasse, with concerns that failing to amend the law could lead to increased homelessness among older owners. Many individuals, including Rep. Mike Caruso, warn that the new measures might achieve the opposite of their intended safety objectives, potentially displacing vulnerable residents.
"If not amended, the law could trigger the 'next wave of homeless people,' he said."
"It's sad, and we're not going to address it here in the Florida House. I'm shocked by it," he added, according to the publication.
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