Miami-Dade County
Mayor Daniella Levine Cava is calling on Florida lawmakers
to do something about a looming condominium crisis that
could see thousands of owners priced out of their homes.
In a letter to the incoming Republican leaders of the
Florida Legislature, the newly re-elected Democrat said
lawmakers should prioritize changes to the state’s condo
laws when they reconvene for the 2025 legislative session in
March. In response, incoming House Speaker Daniel Perez,
R-Miami, said the fixes are not as easy as some suggest.
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Mayor Daniella Levine Cava speaks about her 2025 budget proposal for Miami-Dade County at the Stephen P. Clark Government Center on Monday, July 15, 2024 in Miami, Fla. |
After the collapse, state lawmakers
banned association from waiving reserve contributions — a
form of savings for routine maintenance projects — and
delaying structural repairs. Champlain Towers was doomed by
structural issues, and despite several warnings from
contractors, the owners deferred repairs due to the
multi-million-dollar cost for renovations and upkeep.
Now, condo associations with buildings three stories or
higher owe the state a reserve study by January 2025,
essentially providing a savings plan for repairs needed
every 15 to 25 years. If those buildings are 30 years or
older, they’ll have to undergo a structural inspection, too.
As a result, many condo association leaders are approving
higher homeowner fees.
“I know some residents are anxious, understandably, but the
people of Florida deserve something better than us taking
the easy way out and just letting history repeat itself —
because I said then, and I will say it again now, I will
never let a tragedy like Surfside happen again under my
watch,” Perez said.
Incoming Senate President Ben Albritton, R-Bartow, echoed
that his focus is on ensuring a tragedy like Surfside
doesn’t happen again.
“As a father and grandfather, my gut tells me that when I
look to prioritize affordability and safety, safety is going
to win every time,” Albritton said in a statement to the
Herald on Wednesday. “With that being said, I do hear the
economic side of this issue loud and clear. Inflation is
stretching budgets across the state, and families and
seniors are having a hard time making room for increased
assessments needed to cover years of deferred maintenance.”
Rising HOA fees and insurance costs are some of the reasons
condo prices keep falling in South Florida. Across the state
there are similar trends. The number of condos and townhomes
on the market has shot up 92% since last year, according to
the most recent data from Florida Realtors. Meanwhile, sales
fell 20%.
Levine Cava said affordability should be prioritized along
with safety when it comes to rethinking the statutes that
govern condominiums. While she did not suggest specific
proposals, she noted the county has distributed millions of
dollars in loans to help low-income condo owners pay for
special assessments.
“But to truly tackle this crisis and provide relief to
homeowners while continuing to promote building safety, we
need further support and action from the state level,” she
said.
Perez said he will continue to have conversations with condo
owners and state lawmakers to come up with solutions.
“And once we know what to do — how to strike the right
balance between affordability and safety — then we can talk
about when to consider changing the existing laws,” Perez
said.
Albritton agrees.
“These are serious issues that are going to take time to
sort out,” he said. “I’m open to ideas.”