House Bill 995, introduced in the Florida State Legislature on April 8, 2025, aims to address the critical issue of housing shortages in the Florida Keys by allocating permits for residential development. The bill proposes a structured distribution of 825 permit allocations over a decade, specifically targeting Monroe County, the City of Marathon, and the Village of Islamorada.

The key provisions of House Bill 995 include the allocation of permits exclusively for vacant, buildable parcels, with strict limitations on the number of permits awarded per individual parcel. Notably, Monroe County is set to receive 539 permits, with 377 designated for workforce housing. The City of Marathon will receive 187 permits, prioritizing owner-occupied and affordable housing, while the Village of Islamorada will receive 71 permits, also focused on vacant parcels.

The bill has sparked notable debates among lawmakers and community stakeholders. Proponents argue that the measure is essential for addressing the acute housing crisis in the region, which has seen rising costs and limited availability. Critics, however, express concerns about the potential environmental impact of increased development and the adequacy of infrastructure to support new housing units.

Economically, the bill could stimulate growth in the local construction industry and provide much-needed housing for workers in the tourism and service sectors, which are vital to the Florida Keys' economy. Socially, it aims to enhance the availability of affordable housing, potentially improving the quality of life for residents.

As House Bill 995 moves through the legislative process, its implications for housing policy in Florida could be significant. Experts suggest that if passed, the bill may set a precedent for similar initiatives in other regions facing housing shortages. The ongoing discussions will likely shape the final form of the bill and its impact on the communities it aims to serve.