BOCA RATON, Fla. — In the wake of the Surfside condo collapse, residents said many of the reforms implemented could force them out of their homes.
It's an issue that WPTV has reported on extensively in the last year.
Now, Gov. Ron DeSantis wants condo reform to be a part of a special session he wants to take place later this month.
The financial squeeze on condo owners keeps getting tighter
"I've been in this building for 24 years," Boca Raton resident Stephen Towle said. "Association fees were $235 a month when I moved in. Now, it's $1,151."
Real Estate News
CONDO CONCERNS: Will Florida hold special session amid rising costs?
Towle said news of DeSantis signaling relief for condo owners in the special session can only be a good thing.
He's hoping for possible relief from the strict guidelines on inspections and also reserve funds.
"A lot of places haven't even done it yet, so what they're looking at, from what I understand, is to delay that or push it back a little bit to give them some more time," Towel said.
As for homeowners, hurricane relief and specifically more money for the My Safe Florida Home program were mentioned by the governor during Monday's news conference.
The state program offers $10,000 grants for wind storm improvements, but it keeps starting and stopping since funding has been drying up quickly.
Real Estate News
CONDO COSTS: Owners look at higher fees amid new regulations
"It's been quite challenging because we're not getting a direct answer or direction on what needs to be done next," resident Ashley Butler said. "You're kind of just waiting in limbo."
Butler has been trying to navigate the My Safe Florida Home program for her mother. News of more funding is just what she's looking for.
"The point is to try to have everything for hurricane season," Butler said.
One benefit of the possibility of a special session is if any of these relief packages are passed for homeowners and condo owners they will likely take effect immediately.
However, late Monday evening, Florida Sen. President Ben Albritton and Speaker of the House Daniel Perez, both Republicans, called DeSantis' special session request "premature."
Matt Sczesny is determined every day to help you find solutions in Florida's coverage collapse. If you have a question or comment on homeowners insurance, you can reach out to him any time.
Read WPTV's latest "Coverage Collapse" stories below:
-
Florida ranks among top states for credit card debt as balances rise nationwide
A new study by Achieve, a digital personal finance company, reveals that Florida has the 6th highest average credit card debt per person in the country
Signed a contract but want to cancel? When you have a 3-day right to back out
Many people sign contracts for home improvement, TV service, or extended warranties, then decide they would like to back out. So when do you have a three-day right to cancel, and when are you locked in?
Report: Amazon, Walmart shopping bots avoid data on products 'Made in USA'
A new report has found that Amazon and Walmart's shopping bots largely avoided or said they couldn't access data on products ‘Made in USA.’
New consumer alert warns about scams targeting previously defrauded individuals
A new FTC consumer alert is warning about "refund and recovery" scams. These scams target those who were already impacted by scams and claim they can help you get your money back.