An appellate court in Florida has found that an agreement by an affordable housing developer to make payments in lieu of taxes is unconstitutional and unenforceable. Because of the importance of the issue and the possibility that the ruling might pose a significant hardship on municipalities that rely on PILOTS to fund their budgets, the Court has certified the question to the state Supreme Court. ( AHF-Bay Fund, v. City of Largo , Ct. of App., Second Dist., FL, No. 2D14-408, 4/22/15. ) RHF-Brittany Bay, LLC planned to develop an affordable housing project in the City of Largo in 2000. To help finance the project, it reached an agreement with the City under which the City would arrange for...