HomeMy WebLinkAboutR-94-01034,
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2/9/94
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RESOLUTION NO.
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A RESOLUTION AUTHORIZING THE CITY MANAGER TO
ENTER INTO AGREEMENTS, IN A FORM ACCEPTABLE
TO THE CITY ATTORNEY, TO PROVIDE A GRANT TO
MODEL HOUSING COOPERATIVE, INC., IN THE
AMOUNT OF $110,000, AND TO ST. JOHN COMMUNITY
DEVELOPMENT CORPORATION, IN THE AMOUNT OF
$15,000, BOTH NOT -FOR -PROFIT COMMUNITY
HOUSING DEVELOPMENT ORGANIZATIONS, FOR THE
ACQUISITION, DEVELOPMENT AND/OR
REHABILITATION OF AFFORDABLE HOUSING FOR LOW
AND VERY LOW INCOME FAMILIES AND INDIVIDUALS;
ALLOCATING FUNDS THEREFOR FROM FY 1992 HOME
INVESTMENT PARTNERSHIP PROGRAM FUNDS.
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WHEREAS, a severe shortage of housing exists in the City of
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WHEREAS, pursuant to Resolution No. 92-481, adopted July 16,
1992, the City Commission authorized the City Manager to accept
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$5,314,000 in federal assistance from the U. S. Department of
Housing and Urban Development (HUD) in connection with the
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implementation of the City's FY 1992 Home Investment Partnership
Program (HOME Program); and
WHEREAS, pursuant to Resolution No. 92-461, the City
Commission authorized the implementation of the City's HOME
assisted Community Housing Development Organization ("CHDO")
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Program and allocated $797,100 in HOME Program funds for said R
purpose; and 4
WHEREAS, the funds allocated under the HOME assisted CHDO
Program are designed to provide financial assistance to assist,
in part, in the development of new housing and/or
aoquisition/rehabilitation of the City's existing housing
inventory, to be sponsored or owned by CHDOs; and
WHEREAS, funding in the amount of $110,000 and $15,000 is
available from the City's FY 1992 Home Investment Partnership
Program; and
WHEREAS, the Department of Development and Housing
Conservation recommends approval of the Model Housing
Cooperative, Inc. and St. John Community Development
Corporation's request for financial assistance under the City's
HOME assisted CHDO Program for the purpose of finanoing the
development of new housing and/or acquisition/rehabilitation of
the City's existing housing inventory;
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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 hereby adopted by reference
thereto and incorporated herein as if fully set forth in this
Section.
Section 2. The City Manager is hereby authorized`/ to
-enter, into agreements, in a form acceptable to the City Attorney,
to provide a grant to Model Housing Cooperative, Inc., in the
amount of $110,000, and to St. John Community Development
Corporation, in the amount of $15,000, both not -for -profit
Community Housing Development Organizations, for the acquisition,
development and/or rehabilitation of affordable housing for low
and very low income families and individuals, with funds therefor
hereby allocated from FY 1992 Home Investment Partnership
Programs funds.
Section 3. This Resolution shall become effective
immediately upon its adoption.
PASSED AND ADOPTED this 17th day of February , 1994.
S EPHEN P. Cl/ARK, MAYOR
to compliance
by the City
prescribed by
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CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
40
To : Honorable Mayor and DATE ': M- B '4 1994 FILE
Members of the City Commission
SUBJECT : Resolution Directing the
City Manager to Allocate
$125,000 in,HOME Program
FROM ; Cesa i0 REFERENCES : Funding
City r' City Commission Agenda
' Item Februar 10,, 1994
ENCLOSURES - y
,RECOMMENDATION:
It Is respectfully recommended that the City Commission adopt the
"attached Fresolution•authorizing and directing the City Manager to
allocate $110,000 i and $15,000 in FYI 1992 Home.`Investment
Partnership Program (HOME Program) funds in the;form of'a grant,
to Model -Housing Cooperative, Inc. and St. John` Community
Dev pment' Corporation,, respectively, in _connection with "the
quisition; development and/or rehabilitation`..of housing
:affordable to low and very low income families and individuals in
the City.
BACKGROUND:
The Department of_Development and Housing Conservation recommends
ratification of the attached: resolution authorizing 'the City
Manager to allocate $110,000, and $15,000.. in FYI 1992 Home
Investment Partnership Program funds in the form of a -grant, to
Model.Housing Cooperative, Inc. and St. John Comunity Development
%'Corporation,`.respectively, in connection, with the acquisition,
development and/or rehabilitation of housing affordable to ;low
and''moderate income families and individuals in the ,City.
In July of `1993,'representatives of Model Housing Cooperative,
Inc. made.a personal appearance before the, City Commission to
request'financial assistance from the City of Miami in connection
with their efforts to promote the expansion of .'.cooperative
housing units in the City. As a result, the City- Commission
:instructed the City Administration to. work with the
aforementioned not -for -profit housing ,corporation': in their
efforts .to 'expand the availability of cooperative homeownership '
housing''units in the City.
Over the past several months, City staff had been working with
Model Housing Cooperative, Inc. in connection with the
acquisition and rehabilitation of a six (6) unit multifamily,
apartment building located at 1262 N.W. 5th Street. The subject
property would be acquired and rehabilitated by Model Housing
Cooperative, Inc. and subsequently converted to co-op housing for i
low and very low income families and individuals. l'O j
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