An inch of water can cause over $25,000 in damages for a 2,500-square-foot home. However, unlike 31 other states, Florida lacks legislation mandating flood disclosures for potential buyers and renters.
The Environmental Defense Fund (EDF) is now seeking developer feedback on two proposed bipartisan bills requiring home sellers and landlords to disclose a property's flood-related issues. The national nonprofit's Florida chapter was one of three presenters Tuesday at the St. Petersburg Downtown Partnership's monthly Developer’s Council Meeting, hosted by Thrive DTSP.
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