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AGENDA ITEM COVER PAGE
File ID: #11516
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Resolution
Sponsored by: Mayor Francis Suarez, Commissioner Ken Russell, Commissioner
Manolo Reyes, Commissioner Christine King
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ESTABLISHING A NEW SPECIAL REVENUE PROJECT TITLED "MIAMI FOR
EVERYONE RENTAL ASSISTANCE PROGRAM," ATTACHED AND INCORPORATED
AS EXHIBIT "A" ("PROGRAM"); ALLOCATING AND APPROPRIATING FUNDING IN
AN AMOUNT NOT TO EXCEED FIVE MILLION DOLLARS ($5,000,000.00) FOR THE
PROGRAM TO PROVIDE ASSISTANCE TO MIDDLE CLASS CITY OF MIAMI
RESIDENTS WHO ARE UNABLE TO ABSORB DRAMATIC RENT INCREASES;
APPORTIONING FUNDING FOR THE PROGRAM BETWEEN THE FIVE (5)
COMMISSION DISTRICTS PURSUANT TO THE ANTI -POVERTY INITIATIVE
METHODOLOGY; FURTHER AUTHORIZING THE CITY MANAGER TO ALLOCATE
AND APPROPRIATE AN AMOUNT NOT TO EXCEED TWO HUNDRED FIFTY
THOUSAND, TWO HUNDRED FIFTY-ONE DOLLARS AND NINETEEN CENTS
($250,251.19) TO THE DEPARTMENT OF HOUSING AND COMMUNITY
DEVELOPMENT FOR THE ADMINISTRATION OF THE PROGRAM; AUTHORIZING
THE PROGRAM FOR SIX (6) MONTHS WITH AN OPTION TO CONTINUE OR
TERMINATE THE PROGRAM AS FURTHER DESCRIBED HEREIN.
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11 eA Legislation Miami, FL 33133
Resolution www.miamigov.com
Enactment Number: R-22-0082
File Number: 11516 Final Action Date:2/24/2022
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ESTABLISHING A NEW SPECIAL REVENUE PROJECT TITLED "MIAMI FOR
EVERYONE RENTAL ASSISTANCE PROGRAM," ATTACHED AND INCORPORATED
AS EXHIBIT "A" ("PROGRAM"); ALLOCATING AND APPROPRIATING FUNDING IN
AN AMOUNT NOT TO EXCEED FIVE MILLION DOLLARS ($5,000,000.00) FOR THE
PROGRAM TO PROVIDE ASSISTANCE TO MIDDLE CLASS CITY OF MIAMI
RESIDENTS WHO ARE UNABLE TO ABSORB DRAMATIC RENT INCREASES;
APPORTIONING FUNDING FOR THE PROGRAM BETWEEN THE FIVE (5)
COMMISSION DISTRICTS PURSUANT TO THE ANTI -POVERTY INITIATIVE
METHODOLOGY; FURTHER AUTHORIZING THE CITY MANAGER TO ALLOCATE
AND APPROPRIATE AN AMOUNT NOT TO EXCEED TWO HUNDRED FIFTY
THOUSAND, TWO HUNDRED FIFTY-ONE DOLLARS AND NINETEEN CENTS
($250,251.19) TO THE DEPARTMENT OF HOUSING AND COMMUNITY
DEVELOPMENT FOR THE ADMINISTRATION OF THE PROGRAM; AUTHORIZING
THE PROGRAM FOR SIX (6) MONTHS WITH AN OPTION TO CONTINUE OR
TERMINATE THE PROGRAM AS FURTHER DESCRIBED HEREIN.
WHEREAS, new data has revealed that rent in South Florida has risen approximately
fifty percent (50%) compared to last year, the most of anywhere in the nation; and
WHEREAS, the City of Miami ("City") wishes to provide assistance to City residents who
do not qualify for the City's current rental assistance programs administered by the City's
Department of Housing and Community Development ("Department') but are not financially able
to absorb such dramatic rent increases; and
WHEREAS, the City wishes to establish the "Miami For Everyone Rental Assistance
Program", attached and incorporated as Exhibit "A" ("Program"), to provide assistance to those
eligible City residents; and
WHEREAS, funding for the Program will come from the CityCoin Gift the City received
pursuant to the Gift Agreement authorized by Resolution No. R-21-0345; and
WHEREAS, it is in the best interest of the City's residents to apportion the funding for
the Program between the five (5) Commission Districts pursuant to the Anti -Poverty Initiative
("API") methodology;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble of this Resolution are
adopted by reference and incorporated as if fully set forth in this Section.
Section 2. The Miami City Commission establishes and implements the Program as
detailed in Exhibit "A," attached and incorporated.
Section 3. The following new Special Revenue Project is established and resources are
allocated and appropriated as described herein:
PROJECT TITLE:
RESOURCES:
APPROPRIATION
Miami For Everyone Rental
Assistance Program
CityCoin Gift pursuant to the
Gift Agreement authorized in
Resolution No. R-21-0345
Miami For Everyone Rental
Assistance Program
$5,250,251.19
$5,000,000.00 to the Program
$250,251.19 to the
Department for Administrative
Costs associated with
Administering the Program
Section 4. The funding for the Program is apportioned between the five (5) Commission
Districts pursuant to the API methodology.
Section 5. The Program shall be authorized for six (6) months from the date the
Program is first made available to the public by the Department. After the initial six (6) months,
the District Commissioner may decide, based on the District's needs, to either continue funding
the Program with the remaining Program funds or terminate the Program within the District and
direct the remaining Program funds to other affordable housing project(s) within the District,
subject to all appropriate budgetary actions and approvals.
Section 6. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.'
APPROVED AS TO FORM AND CORRECTNESS:
i ria i "ndez, Cify Attor iey 2/14/2022
' If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days
from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.