He expected that the committee would mostly be facing what he called the state’s most significant factor, “corporate landlord invasion, institutional investors buying up single-family homes in large, large numbers, converting them to rental properties.”
focused on developing sustainably affordable housing. Through his work, Jaffee researched what other areas of Florida have done and what could be realistic for Jacksonville.
“That's going to be a difficult thing for the City Council to address,” Jaffee said. “I don't know that any city in the United States has gotten a handle on how to restrict, monitor, maybe put in place some limits on the percentage of the housing market that could be owned by a small number of institutional investors or private equity firms.
The next committee meeting will be Oct. 20. Work group meetings were scheduled for Sept. 29-30 but were cancelled due to storms from Hurricane Ian. All are open to the public. The county already required landlords to give tenants a copy of the Bill of Rights – which listed their rights previously granted by the state and county. The new measure, however, requires landlords to communicate rental increases in accordance with the renters’ type of lease.
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