NAPLES, Fla. (WFLA) — Florida Gov. Ron DeSantis held a news conference in Naples on Wednesday, where he signed a housing bill that was sent to his desk earlier this week.

DeSantis signed Senate Bill 102, the “Live Local Act”, which will appropriate $711 million for affordable housing for state workers and creates property tax exemptions for housing developers. It comes with a trade-off, though. The bill bans municipalities from enacting rent control.

The nearly 100-page SB-102 would put $259 million in Florida’s State Apartment Incentive Loan (SAIL) program and $252 million in the State Housing Initiatives Partnership (SHIP) Program. The bill would also create “construction incentives” in the form of property tax breaks for developers who build mixed-use and urban infill housing developments.

Florida’s Hometown Heroes Program will receive another $100 million. The program helps fund housing for people of certain professions, like law enforcement, firefighters, educators, healthcare professionals, childcare employees, and active military or veterans. A police detective and military service member spoke in favor of the program at Wednesday’s news conference.

Senate President Kathleen Passidomo and House Speaker Paul Renner joined DeSantis at South Street Founders Square bar and grill in Naples. Passidomo, who represents Naples, declared the bill a top priority for the legislative session, describing the lack of affordable housing as “a crisis.”

You can read the full text of the bill here.