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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM w *'`o=R149� File ID: #11889 Date: 04/25/2022 Requesting Department: Department of Housing and Community Development Commission Meeting Date: 06/09/2022 Sponsored By: District Impacted: All Type: Resolution Subject: Approve - City of Miami's LHAP Purpose of Item: AUTHORIZING THE APPROVAL OF THE CITY OF MIAMI ("CITY") LOCAL HOUSING ASSISTANCE PLAN ("LHAP"), ATTACHED AND INCORPORATED, FOR THE PERIOD OF JULY 1, 2022 THROUGH JUNE 30, 2025, FOR THE CONTINUED PARTICIPATION OF THE CITY IN THE FLORIDA STATE HOUSING INITIATIVES PARTNERSHIP ("SHIP") PROGRAM; AUTHORIZING THE CITY MANAGER TO SUBMIT THE LHAP FOR REVIEW AND APPROVAL BY THE FLORIDA HOUSING FINANCE CORPORATION; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, ALL IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, TO IMPLEMENT THE TERMS AND CONDITIONS OF THE LHAP AND THE SHIP PROGRAM. Background of Item: In July 1992, the State of Florida enacted the William E. Sadowski Affordable Housing Act ("Sadowski Act"), which provides for the allocation of a portion of new and existing documentary stamp taxes on deeds on real estate transactions to local governments for the development and maintenance of affordable housing. The Sadowski Act provided a dedicated revenue source for affordable housing and created the State Housing Initiative Partnership ("SHIP") Program. Pursuant to Section 420.9072(2)a of Florida Statute, a county or eligible municipality must submit to the corporation its local housing assistance plan describing the local housing assistance strategies to be eligible to receive funds under the program. The City's current LHAP will expire on June 30, 2022 and a new one is required for the continued participation in the SHIP program. The City's Administration recommends approving the City's LHAP, attached and incorporated, as Exhibit "A", for the period of July 1, 2022 through June 30, 2025. Budget Impact Analysis Item is an Expenditure Item is NOT Related to Revenue Item is NOT funded by Bonds Total Fiscal Impact: <Insert Account information Here> Reviewed By Department of Community and Economic Development Review Completed 04/25/2022 1:01 PM Office of Management and Budget Luis Hernandez -Torres Office of Management and Budget Marie Gouin City Manager's Office Fernando Casamayor City Manager's Office Arthur Noriega V Legislative Division Valentin J Alvarez Office of the City Attorney Richard Appleton Office of the City Attorney Valentin J Alvarez Office of the City Attorney Victoria Mendez City Commission Maricarmen Lopez Office of the City Clerk City Clerk's Office George Mensah Department Head Budget Analyst Review Completed 04/26/2022 6:55 AM Budget Review Completed 04/26/2022 2:02 PM Assistant City Manager Review Completed 05/17/2022 10:04 AM City Manager Review Completed 05/17/2022 12:52 PM Legislative Division Review Completed 05/18/2022 11:04 AM ACA Review Completed 05/25/2022 2:53 PM Deputy City Attorney Review Skipped 05/18/2022 8:49 AM Approved Form and Correctness Completed 05/25/2022 7:20 PM Meeting Completed 06/09/2022 9:00 AM Rendered Completed 06/15/2022 7:51 PM of .�f City of Miami CityHall * iM°nr °°°rE° * 11 °° Legislation 3500 Pan American Drive g Miami, FL 33133 Resolution www.miamigov.com Enactment Number: R-22-0203 File Number: 11889 Final Action Date:6/9/2022 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING THE CITY OF MIAMI ("CITY") LOCAL HOUSING ASSISTANCE PLAN ("LHAP"), ATTACHED AND INCORPORATED AS EXHIBIT "A," FOR THE PERIOD OF JULY 1, 2022 THROUGH JUNE 30, 2025, FOR THE CONTINUED PARTICIPATION OF THE CITY IN THE FLORIDA STATE HOUSING INITIATIVES PARTNERSHIP ("SHIP") PROGRAM; AUTHORIZING THE CITY MANAGER TO SUBMIT THE LHAP FOR REVIEW AND APPROVAL BY THE FLORIDA HOUSING FINANCE CORPORATION; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, ALL IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, TO IMPLEMENT THE TERMS AND CONDITIONS OF THE LHAP AND THE SHIP PROGRAM. WHEREAS, in July 1992, the State of Florida enacted the William E. Sadowski Affordable Housing Act ("Sadowski Act"), which provides for the allocation of a portion of new and existing documentary stamp taxes on deeds on real estate transactions to local governments for the development and maintenance of affordable housing; and WHEREAS, the Sadowski Act provided a dedicated revenue source for affordable housing and created the State Housing Initiative Partnership ("SHIP") Program; and WHEREAS, pursuant to Section 420.9072(2)(a), Florida Statute, a county or eligible municipality must submit to the Florida Housing Finance Corporation (THFC") its Local Housing Assistance Plan ("LHAP") describing the local housing assistance strategies to be eligible to receive funds under the program; and WHEREAS, the City of Miami's ("City") current LHAP will expire on June 30, 2022 and a new LHAP is required for the continued participation in the SHIP program; and WHEREAS, the City's Administration recommends approving the City's LHAP, attached and incorporated as Exhibit "A," for the period of July 1, 2022 through June 30, 2025; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The City's LHAP, attached and incorporated as Exhibit "A", for the period of July 1, 2022 through June 30, 2025, for the continued participation of the City in the SHIP Program, is approved. Section 3. The City Manager is authorized' to submit the LHAP to the FHFC for review and approval and to negotiate and execute any and all necessary documents, all in a form acceptable to the City Attorney, to implement the terms and conditions of the LHAP and the SHIP program. Section 4. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: 1 i ria i "ndez, ity Attor iey 5/25/2022 Pursuant to the resolution, this item became effective immediately upon adoption by the Commission. The herein authorization is further subject to compliance with all legal requirements that may be imposed, including but not limited to those prescribed by applicable City Charter and City Code provisions.