Bipartisan condo reform legislation heading to governor allows lines of credit

  • By Louis Llovio
  • | 10:35 a.m. May 1, 2025
  • | 0 Free Articles Remaining!
The 12-story Champlain Tower South in Surfside collapsed June 24, 2021, killing nearly 100. Legislation passed by Florida lawmakers meant to protect against another tragedy.
The 12-story Champlain Tower South in Surfside collapsed June 24, 2021, killing nearly 100. Legislation passed by Florida lawmakers meant to protect against another tragedy.
  • Florida
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Relief could soon be on the way for Florida’s condominium owners — and the battered condo market.

Florida lawmakers on Wednesday approved legislation that would allow condominium associations to take out a line of credit for needed maintenance taking the onus, at least in some part, off unit owners.

The legislation, House Bill 913, passed unanimously in the House and Senate.

 

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