Hello everyone.
Nearly 4.92 million Florida voters sent a powerful message in support of property tax relief on Tuesday, passing Amendment 3 with 62% of the vote. Of the three amendments on the ballot, it was the only one approved by voters. The measure's strong showing at the ballot box reflects the importance of this issue to Floridians and marks a significant step toward providing meaningful property tax relief across our state.
Florida Realtors® played an instrumental role in making this victory possible. From the moment our Amendment 3 campaign began, members and local associations worked tirelessly to educate voters on the proposal. Through community outreach, conversations with voters, media engagement, social media, campaign materials and grassroots advocacy, REALTORS® helped ensure Floridians had the information they needed to make an informed decision.
While passage is a major achievement, the work is not over. Implementation is the next important step. Gov. Ron DeSantis has announced plans to convene a special legislative session within the next two months to work with lawmakers on putting Amendment 3 into effect before he leaves office in January. He has emphasized the importance of establishing a schedule for the expanded homestead exemption and ensuring the intent of voters is carried out.
We have updated our Amendment 3 website to reflect the latest information and will continue to update it as the implementation process moves forward.
Thank you to everyone who volunteered their time and energy to help make this campaign successful. This is an important moment in Florida's efforts to make homeownership more affordable, and we should be proud of the role REALTORS® played in making it possible.
Florida Senate Leadership Update
Florida Senate President-Designate Jim Boyd announced his 2026-2028 leadership team this week, which includes the naming of REALTOR® Legislative Caucus Member Senator Ana Maria Rodriguez as President Pro Tempore. Here's what he had to say about Sen. Rodriguez:
"Sen. Rodriguez is one of the most positive, approachable, and friendly people I have ever worked with. She has great respect for the dignity of each person she meets and is always the first to offer a kind word of support or encouragement to others. She listens to contrasting points of view and reserves judgment until she has heard all sides of an issue. If she disagrees with someone, she does so gently, respectfully, and with great care and consideration for their perspective," Boyd said, adding that he's confident she will apply "the same fair and thoughtful countenance we have all come to know and appreciate."
Other members of the leadership team include Senator Danny Burgess as Rules Committee Chair, Senator Jay Trumbull as Appropriations Committee Chair, Senator Colleen Burton as Fiscal Policy Committee Chair and Senator Nick DiCeglie as Majority Leader.
The appointments bring a mix of legislative experience, policy expertise and leadership skills, with an emphasis on fairness, consensus building and ensuring all senators have an opportunity to represent their constituents. Key priorities include maintaining a balanced, fiscally responsible state budget, controlling spending, reducing debt, maintaining low taxes and thoroughly evaluating funding requests, while continuing to advance policies that support Florida families, businesses and communities.
Read more about this news HERE.
Business Damage Assessment Survey Activated to Measure Impact of Recent Flooding Damage
FloridaCommerce and the State Emergency Response Team (SERT) activated the Business Damage Assessment Survey in response to the 2026 Fall Flooding. Business owners can self-report physical and economic damage caused by the 2026 Fall Flooding.
Survey responses will allow the state to expedite 2026 Fall Flooding recovery efforts by gathering data and assessing the needs of impacted businesses in Brevard, DeSoto, Glades, Hardee, Hendry, Highlands, Indian River, Lake, Martin, Okeechobee, Palm Beach, Seminole, St. Lucie and Volusia counties.
Businesses can complete the survey online by going HERE and selecting "2026 Fall Flooding" from the dropdown menu.
Florida Realtors®' Disaster Relief Fund (DRF) also remains open to help eligible members in the 14 counties whose homes or real estate offices sustained serious damage. The fund assists eligible REALTORS®, their employees, local associations and association staff whose primary residences or real estate offices sustain serious physical or structural damage, including water intrusion. Applicants must have been part of the REALTOR® family before the disaster. Read more about this support HERE.
NAR's Q3 Strategic Plan Update Published. Includes Housing Legislation Successes
NAR updated members on its 2026-2028 Strategic Plan progress , detailing how it's tackling some of the biggest issues facing agents and the industry, including market transparency, cyber fraud and affordability.
A standout in the update is the 21st ROAD to Housing Act--this quarter's indisputable crown jewel of achievements and the culmination of two years of persistent NAR lobbying.
The bipartisan law includes nearly 50 measures designed to increase housing supply, improve affordability, expand access to homeownership, strengthen financing options and support veterans.
NAR's advocacy helped build support on both sides of the aisle for these individual provisions, helping secure overwhelming passage of the legislation in the House (358-32) and Senate (85-5).
Read more about this news HERE.
NAR Issues Comments Supporting FHA Proposed MPR Updates
On November 5, 2026, NAR issued a comment letter strongly supporting FHA's efforts to modernize its property requirements and better align its standards with those of Fannie Mae and Freddie Mac (the government-sponsored enterprises, or GSEs). These proposed changes represent meaningful progress toward improving access to FHA financing.
NAR has consistently advocated for modernizing these requirements. In June 2026, NAR publicly welcomed FHA's review, emphasizing the importance of maintaining consumer protections while reducing unnecessary delays and costs that disadvantage qualified buyers. NAR is encouraged that FHA has incorporated many of these principles into its proposal.
Read the comment letter HERE.
FHA Launches Express Lane for Affordable Housing Developments Using Tax Credits
On November 2, the Federal Housing Administration (FHA) announced a new Express Lane to speed up its review and closing process for new apartment construction financed with Low-Income Housing Tax Credits (LIHTC). The streamlined process applies to new construction loans insured under FHA's Section 221(d)(4) multifamily program and includes a 30-day target for FHA loan commitment decisions.
FHA said the change is meant to cut unnecessary regulatory burden and get affordable rental housing built faster, adding to the nation's housing supply.
The LIHTC Express Lane expands on an earlier FHA pilot by removing limits on project size and opening it to projects financed with tax-exempt bonds. FHA's standard underwriting requirements still apply. To qualify, a project must be led by an experienced LIHTC developer with a strong track record and solid finances. Projects receiving Section 8 project-based rental assistance are excluded.
The new process takes effect immediately.
In Other News
California and Florida Lead a Historic Night for Housing Ballot Measures Across the US
Pensacola residents should see flood insurance costs drop
Florida voters overwhelmingly supported local conservation in midterm elections
New research tool could improve forecasting of Florida red tide
Intercontinental Exchange not ruling out sale of mortgage tech business
VA Home Loans Explained: What Veterans and REALTORS® Need to Know (Featuring commentary from Florida REALTOR® and veteran, Jarrod Lowe)
This Week in Florida History (November 2 - November 8)
Nov. 5, 1968: Florida voters approved a new state constitution, replacing the 1885 document that had governed the state for more than 80 years. The revised constitution reorganized state government, streamlined its agencies and established the framework for Florida's modern government. It remains the foundation of state government today.
Please reach out to us at publicpolicy@floridarealtors.org with any questions you may have.
Sincerely,
Trey Goldman
Senior Vice President of Public Policy
Florida Realtors®
