Program Benefits
The Live Local Program offers several advantages for tenants, including:
- Stable and Predictable Rent: Rents are set based on local income levels, providing a more predictable housing cost.
- Long-Term Housing Security: By participating in the program, tenants can enjoy the peace of mind that comes with stable, program-backed housing options.
- Stronger Communities: The program helps foster a sense of community by ensuring housing is accessible and supports local needs.
What is the Live Local Act?
Program Benefits
In 2023, the Governor and the Florida Legislature passed and signed into law Senate Bill 102 known as the Live Local Act. It was created to bring stability to housing across communities. This program supports long-term housing options by encouraging a balance between fair rents and community needs, providing a sense of stability for tenants.
1. Income Eligibility and Verification
- Your household income must fall within the range set by the program, which is based on local income levels. In order to verify, tenants must provide the typical documents required during application such as individual tax documents (Form 1040 or Verification of Non-filing), pay stubs or other relevant documents
2. Occupancy Requirements
- Household income requirements may vary depending on the number of occupants in the unit.
Program Qualifications
To benefit from the Live Local Program, prospective tenants need to meet certain criteria.
Simply answer a few questions through Vaulter's intuitive portal and Vaulter with verify your income.
1. Why do I need to complete this form?
This form is essential to comply with Florida’s Live Local Act, which offers property tax savings in exchange for maintaining housing affordability in our community. As part of the program, counties require proof of tenant income through tax documents, such as IRS Form 1040.
2. What if I don’t have a tax return?
If you don’t have your IRS Form 1040 or other tax return documents, don’t worry! Vaulter allows us to securely collect the necessary information to request your tax documents on your behalf. Simply complete the form and provide the requested details, and we’ll take care of the rest.
3. How is my personal information protected?
Your data security is important to us. Only your property managers and relevant stakeholders from Vaulter (Leverage Live Local) have access to your information. Vaulter uses a secure system to collect, store, and manage your documents. All files are organized in private and accessible only by authorized personnel.
4. What documents will I need to upload?
We require individual tax documents—specifically your most recent tax return (Form 1040). The form will guide you through the process of uploading this document. If you don’t have a tax return, we’ll use the information you provide to request the necessary documents on your behalf.
5. Why do I need to provide the emails of other occupants in my unit?
We require the emails of other occupants so we can send them a reminder to complete the form. All occupants in the unit must fill out the form to ensure compliance with program requirements.
6. How long will it take to complete the form?
Most tenants complete the form in less than 5 minutes. Make sure to have any relevant documents such as your Form 1040 ready before you start to make the process quicker. We recommend that you take a clear photo of your tax document before carrying out the process or have it scanned easily accessible from your device.
7. What happens if I don’t complete the form?
If the form isn’t completed, we may not have sufficient documentation to meet compliance requirements for the Live Local Act. Please contact your property manager if you’re unable to provide the requested information.
8. What if I need help completing the form?
We’re here to assist you! If you have any questions or encounter issues, please contact:
9. Can I complete the form on my phone?
Yes! Vaulter is mobile-friendly, so you can complete the form and upload documents directly from your smartphone.
10. Who can I contact for further questions?
If you have any concerns, reach out to your property manager or email us at info@leveragelivelocal.com.
Frequently Asked Questions
As part of our compliance with Florida’s Live Local Act, we are required to collect and verify income information for all occupants in your home.
We understand that this process may raise questions, so we’ve put together this FAQ to address common concerns and guide you through the steps. If you need further assistance, don’t hesitate to reach out to your property manager or our support team.
